Life insurance can be an integral part of retirement planning and has many uses.
Permanent life insurance that will be in force when you die not if you die within the term can be used to help use maximize income . In addition it provide cash at death to pay taxes, equalize you estate. In other words owning life insurance gives you more flexibility with your planning.
Cash value life insurance is an asset that can be used to supplement income or as collateral for a loan.
How life insurance could be best utilized is of course based on your individual objectives.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Life Insurance is and should be a part of your over all financial planning package, but keep in mind that Life Insurance is primarily a protection vehicle and not an investment vehicle per se. Granted there can be some financial benefits that certain types of permanent life policies can provide, but Life insurance should be viewed as an integral part of a over all plan, not a plan in and of itself.
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Permanent life insurance that will be in force when you die not if you die within the term can be used to help use maximize income . In addition it provide cash at death to pay taxes, equalize you estate. In other words owning life insurance gives you more flexibility with your planning.
Cash value life insurance is an asset that can be used to supplement income or as collateral for a loan.
How life insurance could be best utilized is of course based on your individual objectives.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.