Life insurance isn’t for those who have died – it’s for those who you love who are left behind. When shopping for life insurance, consider needs such as replacing income and paying off a mortgage so your family can maintain its standard of living, as well as paying for your funeral and estate costs.
← Back to Services
Life Insurance
Life insurance isn’t for you — it’s for those you leave behind.
If helping loved ones maintain a standard of living, and avoid financial hardships after your passing is a priority for you, life insurance products can help. A general rule is that you may want to seek coverage between five and seven times your gross annual income. Some people have as much as 15 times their annual income. As far as the various types of policies go, they can generally be placed into one of two categories: term and permanent.
Term insurance generally provides coverage for a specified period of time and pays out a specified amount of coverage to your beneficiaries only if you die within that time period. A permanent insurance policy, on the other hand, will stay permanently in effect for the rest of your life, as long as premiums continue to be paid.
The key with Life Insurance is this gives your beneficiary (spouse, children, and/or grandchildren) a “Tax-Free” gift in the future. These benefits can pay off a mortgage, replace lost income during working years as well as help replace Social Security benefits that are eliminated for the lower income receiving spouse. Life Insurance can even help a child or grandchild get through college, grad school, or help them buy their first house.
Strategies for Financial Independence
Contact us at info@asset-retention.com or call us at 949.595.4409 (toll free: 877.707.4409) to schedule a time to discuss your financial situation and the potential role of insurance in your financial strategy.
It can be difficult to make financial decisions without access to information. If you have questions or concerns about your current retirement strategy, feel free to contact us using the form below
At Asset Retention Insurance Services, we can offer you the following products and services:
(Click the images below to learn more about each service)
We can also refer you to professionals who provide the following services:
