Life insurance, at its core, creates an estate that will provide for your beneficiaries. Did you also know that the right type of life insurance can provide a host of living benefits as well? Determining the right mix of Term and Permanent life insurance can be confusing. We will help you to make the right decisions with full disclosure on all recommendations.
There are several factors to consider when choosing a policy, including:
Who is currently dependent upon you financially? Would you like your estate to continue to provide financially for your family, your spouse, a favorite charity or institution?
How is your current health? The time to buy life insurance is when you are healthy and at the youngest age possible to take advantage of lower premiums and preferred rates.
What is your retirement plan? As you build wealth from retirement savings, your insurance needs will require more planning to ensure the right type and amount of coverage.
What is your tax status? There are several tax advantages of life insurance that you may be able to benefit from.
What about accumulating extra money for your retirement or other needs and wants that grows tax-free and tax-deferred? Life insurance can provide this.
At SmartFuture, our experienced planning team helps clients utilize life insurance to secure the future of their families and companies. Our team provides complex estate and business planning, with custom-tailored strategies to fit each client's unique needs.