Life Insurance
There are two main categories of life insurance to choose from: Term and Permanent (Perm) Insurance policies. Term is for a specific period (10 years, 15 years, or 20 years); Perm Life insurance provides a death benefit that can last your lifetime, so no matter when you pass, your loved ones will receive a payment.
How do I start to understand what I need in life insurance?
Identify Your Goals
2. Am I worried about taxes for myself and my family?
3. Is my retirement portfolio enough? Will it last?
4. What would happen to my business should something happen to me, my partners, or key people?
Case Study: Marcela
Securing your family’s future in the event of a life-changing event.
Meet Marcela. As the breadwinner of her family, she wants to secure care for her children and provide her husband with the financial resources needed, without having him access their retirement savings should something happen to her.
After considering a Term Life Policy, Marcela chose a Perm Life Policy. While it is more expensive than a Term policy, it allows Marcela to plan around cash flow and structure when and how to pay the premium. This type of policy protects the family’s lifestyle while providing income potential for retirement or in the event of an illness.
Case Study: Marcela
Securing your family’s future in the event of a life-changing event.
Meet Marcela. As the breadwinner of her family, she wants to secure care for her children and provide her husband with the financial resources needed, without having him access their retirement savings should something happen to her.
After considering a Term Life Policy, Marcela chose a Perm Life Policy. While it is more expensive than a Term policy, it allows Marcela to plan around cash flow and structure when and how to pay the premium. This type of policy protects the family’s lifestyle while providing income potential for retirement or in the event of an illness.