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Michael W. Sims, CEO
Life Insurance Expert
CA Lic. # 0C50384 |
Why Buy Life Insurance?
As a financial expert, I consider insurance to be a cornerstone of sound financial planning. Many think life insurance is an un-necessary expense, but there are many reasons to have life insurance. Due to people living longer, life insurance is more affordable than ever. As an independent, we have recognized two companies offering the most affordable rates. You can get greater death benefits for less cost. A few important reasons for purchasing life insurance are:
- Mortgage Protection and Income Replacement
- 100% tax free benefit for Federal/ State Death Tax & Funeral Costs
- Create an Inheritance for your Heirs
- Charitable Contributions
As you know, death is inevitable. Life insurance helps protect you and your family. If a spouse was to pre- decease you, and the income was dependent upon that certain spouse, you can continue to provide for your family in the form of income, and continue paying for your mortgage and any other obligations. In many cases, people can lose there house or other important assets because they didn’t plan on that spouse not being around. Insurance gives you the ability to protect yourself when all your eggs are in one basket.
Secondly, life insurance helps pay for final expenses. During that tough time of losing a loved one, you can have peace of mind knowing you can afford to pay those Federal/ State death taxes, and also pay those hefty funeral fees. There is nothing worse than losing a loved one, and having a financial hardship at the same time. Insurance can ease the burden, and help you keep your focus on those you love most; family.
Thirdly, insurance helps to pass on a tax free inheritance if it is titled correctly, and if it is properly put in to a trust for your heirs. A good life is one that takes future generations in to account. By securing the future of those family members to come, you leave a legacy. This is another great way to provide for your family; even when you are gone.
Finally, if charity is at the heart of your concern, insurance helps you not only leave tax free money to charity, but you can also direct it to any charity of your choice.
Regardless of your family circumstance or age, the main factor is acting now. As you age insurance becomes more expensive, and your health declines limiting your chances of being eligible for insurance. I can get you what your circumstances demand, and as you age or priorities change we can adjust things accordingly. Call now for a free consultation.
