Why you should sign up for life insurance.

Whether you are looking into life insurance options, starting to develop your estate plan, or just looking for financial and life planning advice, you should realize why life insurance is so important. The leder we recommend will provide information on the :

  1. Covering the basics. We'll get you all the basic facts surrounding life insurance and your options. This will give you instant working knowledge on life insurance and give you the background for you to develop your own plan with a professional.

  2. Planning for special needs. Life insurance policies are more than to just cover funeral expenses. We'll show you how you can use your life insurance to plan for all contingencies.

  3. Life insurance is becoming a more affordable investment. Last year's revision of life expectancies translates to better life insurance deals or consumers. We'll show you why and how to take advantage of it.

  4. Single Premiums What are they? How could they affect your life insurance and life planning goals. One particular plan, known as single-premium life, offers a variety of investment choices, tax advantages on both earnings and death benefits, and even access to your money, under certain conditions.

Sign Up and start learning about ways to get ahead of the game, start planning your life insurance immediately and get the knowledge you need. Become an Educated Consumer and sign up for a free quote.ear


Planning Your Life Insurance

Life insurance helps ensure that your family and loved ones are protected against financial difficulties in the event of a premature death. It can also be an essential vehicle for estate planning, for protecting a small business, for caring for a disabled relative - even caring for yourself.

Where to begin? Life insurance is a financial resource for your loved ones in the event of your death. You enter into a contract with an insurance company that promises to provide your beneficiaries a certain amount of money upon your death. In return, you make periodic payments. The size of the premiums is generally based on factors such as your age, gender, medical history and the dollar amount of life insurance you select. Some policies may require a medical exam before premiums are established.

Certain types of life insurance may also provide benefits for you and your family while you're still living. Policies such as whole life or universal life accumulate cash value on a tax-deferred basis, and that value can be used to supplement your retirement income or help provide for a child's education. Life insurance is an important part of anyone's financial portfolio. Financial advisors often recommend developing a financial plan that includes an appropriate amount of life insurance as part of a comprehensive strategy for financial security.

What kind of life insurance and how much, if any, do you need? And, who can you trust that shares your values and understands your goals? Sign up for our newsletter or sign up to have a professional in our network contact you.


Things You Need to Know
before you talk to an Insurance Agent

Parenting

According to the U.S. Department of Agriculture, American parents spend in the neighborhood of a quarter of a million dollars to support a child through age 18. That figure doesn't even include the mother of all child-related expenses, a college education. Of course, most families wish to give their children more than the basics when it comes to financial support and that's where a smart financial plan comes into play - including life insurance and trusts.


Where are You Vacationing?

You can get life insurance if you smoke or sky-dive. But good luck if you plan to visit Israel , Colombia , Kenya , or Saudi Arabia . Some big U.S. insurers, including Allstate Corp., won't insure anyone, for any price, who plans in the next three years to visit one of those countries or the other 22 now on the State Dept.'s travel-warning list.

Are life insurance benefits taxable?

Death benefits are usually not subject to federal income tax. There are exceptions, though, if the IRS deems your insurance policy to be an investment in disguise or if the benefit pushes your estate pass the estate tax thresholds. Your insurance agent should be able to tell you if your policy benefits will be taxable.

 

Who can you insure?

There must be an insurable interest in order for one party (you) to take out life insurance on another party (parents, children, etc.).

Do they support you, or do you live with them and rely on them for any financial support or living situation? If yes, you may be able to get a life policy on them.