Contrary to popular belief, life insurance is not only designed to cover burial expenses. Instead, life insurance is meant to protect families when they lose a loved one who provides for their financial security. Beyond final expenses, there is a need to provide readjustment income. For example, most professional financial planners suggest that the “breadwinner” in the family should have life insurance in the amount of 5 to 7 years of former income to allow for usual expenses, such as: mortgage payments, utilities, car payments, college costs, etc. Guaranteed Acceptance Life Insurance with “Living Benefits” for Chronic Illness, Terminal Illness, and Waiver of Premium for Total Disability will enable a family to continue to afford these expenses for a definite period of time without drastic, unfortunate financial loss, like selling a home below market value.

Furthermore, life insurance can provide for the necessary readjustment income, including possible estate taxes, at an affordable premium which represents paying living expenses for pennies on the dollar.

Life insurance is a financial tool to protect families’ dreams and ensure their future financial security. We can help you decide what type and what amount of coverage best suits your family’s needs.