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TANS AGENCY

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PROTECT THE ONES YOU LOVE .

LIFE INSURANCE

    

Your family relies on you and your income to ensure their way of life. But would they be able to meet their financial obligations if something were to happen to you?  Consider this question as you plan your financial future: 

Need for LIFE INSURANCE

Importance of life insurance

if your family depends on your income to sustain their way of life. would they still be able to meet their financial needs if you were no longer there? 


 If you are the sole provider for your family or contribute to a dual-income household, having a sufficient amount of life insurance should be a part of your financial planning.  

 Although no amount of money can replace you, the appropriate amount of life insurance can significantly assist your family in replacing your lost income and preserving their standard of living. If you only have  the basic coverage , it is likely your current insurance does not meet your evolving needs. 


 Typically, life insurance offered through the workplace is part of a group plan provided by the company, with the employer paying for a portion or the entire premium. As a result, if you depart from your current employment, you will generally lose the coverage, as it remains with the job. 

 Life insurance is designed to support your loved ones who must carry on without you. By offering its many benefits to your growing family, life insurance can provide you with a sense of peace and security. It can assist your family in meeting four critical needs: preserving their income, protecting their mortgage, providing a lump sum for expenses, and establishing a fund for education. 


WHO NEEDS LIFE INSURANCE?

Newly Married Or Getting Married

  

If you’re married or getting married. Today, families often rely on two incomes for financial security. If one income is lost, would your surviving spouse have the money needed to cover debts, mortgage or rent payments, other living expenses or maintain long-term goals? The right amount of life insurance can make all the difference during a difficult time.

Growing Family

 If you have a new or growing family. You want the best for your children, both today and in the future. Without the contribution of both parents, there may not be enough money for childcare costs, college tuition, wedding expenses, care for aging parents or other future financial obligations. Added life insurance can help to cover these expenses 

New or Large Mortgage

 If you have a new or larger mortgage. Your home is one of your most important assets and the place your family can feel most secure. Additional life insurance can be critical in helping your family keep this important investment if something were to happen to you. If you have a new job or salary increase. A new job or a promotion often means a higher standard of living for your family. Additional life insurance can help your family maintain the lifestyle you’ve worked hard to give them.  

retirement

Planning for Retirement

  

If you are planning for retirement. Even though your children may have left home, or your mortgage is paid, that doesn’t mean your need for life insurance ends. Your spouse may need coverage to help make ends meet if you are no longer there to lend support. Life insurance can also help relieve family members from having to dip into savings to cover your final expenses or other outstanding debts

A NEW WAY TO THINK ABOUT LIFE INSURANCE

Education Funding

 Parents know their children can pay a price for not having a sound education. According to the U. S. Census Bureau, adults with a bachelor’s degree earned an average of $60,112 in 2016, while those with a high school diploma earned $35,984.* Using life insurance as a tool, you can provide for education funds, even in the event of your death. Rising costs have made it more important than ever to build an education fund. Over the past few years, public four-year college/university costs have increased an average of five percent annually. ** 

Mortgage Fund

 Your home is likely your largest asset. A well-tailored mortgage fund can help your family stay in their home and protect your established life plan.  Life insurance can allow the family to stay in their current home; and even pay of the mortgage if needed free and clear of debt . 

Immediate Cash Needs for Liabilities

 A comprehensive life insurance program may help to ensure that your family will not suffer unforeseen economic consequences when you die. 

You want to know they are taken care of.  So your plan  should provide an adequate cash reserves  to cover personal debts such as (credit cards, personal loans, tuition loans, car loans, etc.) , emergency reserve fund, and other expenses.   


Income Continuation

You want the people that rely on you to maintain their established pattern of living. The income continuation feature of your life insurance program should ensure that lifestyle. 


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Tans Agency -Independent Insurance Agency

6600 Chase Oaks Blvd, #150, Plano, Texas 75023, United States

469.269.6539



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