Everyone is subject to passing. It is extremely important for every individual to leave their loved ones with money that can cover the high funeral expenses and wage losses.
We are working to increase the conversation regarding the importance of having a life insurance policy (or policies); especially among Gen Z. The younger you are when you get a policy, the better the rate.
"Generational Wealth" has been a hot topic among many wealth educators as of late. It is important, especially for young people to be aware of the importance of utilizing life insurance as a means to contribute to generational wealth, and keeping your family from panicking in the instance that the unfortunate, yet inevitable happens. Your family must be set if something happens to you; they can't just rely on GoFundMe's or fundraisers in the instance of the unfortunate.
Ask us today how life insurance can contribute to generational wealth & and your loved ones.
Life insurance can help your beneficiaries with:
- Covering any lost income and helping continue the same standard of living
- Paying off any debts
- Paying for your children’s education
- Covering funeral and related costs
Which is right for you?
First, always ask yourself why you need your life insurance policy and what you’re trying to accomplish by having a life insurance policy. Are you insuring your life so that when you pass away your children will be able to go to college or so your spouse will be able to pay off the mortgage? A temporary form of life insurance – term life – is well suited for these concerns. If you are more concerned about providing income to a widow or widower for life, funding retirement, or passing on wealth to future generations you will find permanent life insurance to be better suited for these goals. If you have a temporary goal in mind then term insurance is probably best.
However, if you are looking to address a long-term need or concern then it's best to look at the best permanent life insurance policies for you. There are always a lot of factors to be considered. Agents are here to walk you through and help you make a decision that’s right for you!
Click to learn more about Permanent Life Insurance plans, or Term Life Insurance plans.