A big fear for many American families is the death of a wage-earner or caregiver,
leaving the surviving family members unable to cope financially. Life insurance
offers peace of mind through immediate financial protection for dependents.
— National Association of Insurance and Financial Advisers
Choosing life insurance as part of your responsibility as a caregiver or wage-earner for your family is not just about making sure they are taken care of in the event of a family tragedy. There are numerous benefits to life insurance beyond just the knowledge that financial suffering won’t compound such an emotional loss.
Life insurance is not subject to income tax. It is therefore a way to pass on assets to future generations without a tax burden, while assuring your surviving family members are taken care of in your absence.
Life insurance can provide peace of mind against financial tragedy as well, since permanent life insurances can be converted to their cash value to pay for other expenses such as tuition or long-term care if the need for end of life coverage becomes less necessary. Other forms of life insurance allow an insured to collect all or some of the value to pay for long term care if they become chronically or terminally ill.
While involvement in a group life insurance policy may have been included in your job, buying additional coverage such as the plans Family First Services offers are an another way of safeguarding your family’s well being — providing you with further peace of mind in your end of life planning or as a source of liquid assets for your family when they may need it most.
Contact us for more information about the options we have available for term and whole life insurance, and a friendly and compassionate agent will gladly schedule an appointment to talk with you about your options for protecting your family’s well being.