Life insurance can be the missing part of your financial plan that can provide the protection, security and peace of mind you need for yourself, your family and your business.
Life Insurance provides cash in the event of a loss of life. This can allow a family to take time to grieve without having to worry about how they will pay the bills. But beyond just providing for this immediate need, a properly planned life insurance plan can also help provide financial protection for life’s other needs, some planned and those that are unexpected. Did you know you could use cash value life insurance to pay for:
- Long Term Care Costs
- College Tuition
- Retirement Income
If properly set up almost all the proceeds from a cash value policy can be withdrawn tax free.
For business owners, a properly designed life insurance plan can provide a great number of benefits. Have you ever wanted to enhance the benefits of a key employee or executive to try to keep your competitors from poaching them? Policies can be used to provide additional benefits to executives and other highly compensated employees without violating ERISA non-discrimination rules.
They can also provide protection against the loss of a key employee. Just think about the economic cost if one of your key employees died or became seriously ill to the point they could no longer work. How long would it take to find a replacement? Not to mention training them and getting them up to speed to where they were productive? Wouldn’t it be nice to have a nest egg of money you could tap into to help not only find the replacement, but fill the gap in lost revenue due to the unexpected loss of production?
With the changing demographics and increased life expectancies Life Insurance is less expensive today than ever. Take the time to make an appointment today to help protect you, your family and your business today. Call now!