Creating a Safety Net
The purpose of life insurance coverage is to create a pool of money upon your death that your loved ones can use to support their lifestyle. Some people use insurance money to pay off a mortgage, pay off credit card debt, start a business, expand a business, pay for college expenses, meet their monthly obligations or fund their retirement. The uses of the cash are endless. The premiums or amount you pay vary based upon policy type and death benefit amount selected, your age, health, height, weight, smoker/non-smoker status and sex. Do you have enough life insurance to protect your family? If the answer is no or you don’t know, maybe now would be a good time to meet with an advisor.
Friday, July 17, 2009
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