Three Ways Life Insurance Can Protect Your Family
We all set milestones in our lives that we hope to reach. Whether it be landing that dream job, meeting the person you want to share your life with, buying your first home, or starting a family, we all hope for health and happiness. But life is unexpected and unexplainable, and everything you know can change in an instant. Unfortunately, until faced with hardship or tragedy many families do not realize the importance of life insurance. Let me assure you, taking the time to invest in your family’s future is one of the best decisions you can make at any age. Whether you are single, married with a family, approaching your retirement or a new grad, there is a life insurance product to meet everyone’s needs and budget.
Lifting the Financial Burden
No one wants to think about losing a loved one, however, being prepared for the worst can offer the peace of mind that your family will be taken care of after you’re gone. In the face of tragedy, no one wants to be confronted with the financial pressures of final expenses. Life insurance is the financial stability your family in the hardest of times. Whether you’re seeking a small amount of coverage to pay for funeral expenses or medical bills, or you are looking to supplement your family’s income by covering their everyday cost of living, there is a life insurance product for you.
Accelerated Benefits
Many life insurance policies are now designed so that they can actually help protect you even before you die. Several carriers offer products with ABRs, or Accelerated Benefit Riders that are either a part of your policy or can be added at an additional cost. These riders provide are the ability to advance your death benefits while you’re still alive in the event of terminal, chronic or critical illness (ABR availability may vary by state). This allows the policy owner to use the money within their policy to help pay for unexpected medical expenses and doctor’s bills. The last thing you want your family to worry about in one of the most trying times of their lives is how they’re going to make ends meet.
Retirement Planning
I don’t know many people that feel fully confident with how much they have saved for retirement. In fact, for many people the idea is of saving for retirement is quite a frightening thought. How will I be able to maintain my lifestyle once I am no longer working? Will I have enough to last if I live longer than expected? What if my spouse or I become ill, will we be able to handle the medical bills? These are all common questions when planning for retirement. However, what many do not know is how valuable your life insurance policy can be when it comes to planning for your golden years. With life insurance you are given the peace of mind that you can leave behind a legacy for your loved ones.
At Wealth Financial Life, our associates are the financial experts you need to help find the insurance that is right for you. With over 30 carriers, we offer a range of products to meet your specific life insurance and annuity needs. Whether you’re looking for term coverage, whole life coverage, investing in an annuity or looking for an alternative investment in life settlements, look no further than the products and services of Wealth Financial Life. It is our vision at WFL to enrich the lives of the people we serve by providing genuine opportunities for prosperity and growth. Our associates are more than just insurance professionals, they are financial experts and are committed to helping each and every client by meeting their unique needs.