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:
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.
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
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.