How does life insurance contribute to financial planning?

Life insurance is often an important element of financial and estate planning. In most cases, the death benefit proceeds from a life insurance policy are tax free when paying out to a naturalized citizen. This is very important when discussing the lost income of a spouse.

Answered by Christopher Boyd on March 4, 2025

Agent Licensed in IN, KY, MI, OH, PA & TN

Answered by Christopher Boyd Medicare Insurance Agent
Planning for the unknown is what insurance is all about. Risk should be considered and addressed. Financial futures are severely impacted when the right amount of insurance is not taken out.

Answered by Mark Maliwauki on March 4, 2025

Broker Licensed in ID, AZ, CA & 15 other states

Answered by Mark Maliwauki Medicare Insurance Agent
Life Insurance allows you to be Pro Active vs Reactive
Life Insurance demonstrates to yourself and the ones you love that you are not selfless

Answered by Jeffrey Simpson on March 7, 2025

Agent Licensed in NC, GA & SC

Answered by Jeffrey Simpson Medicare Insurance Agent
Life insurance acts as a financial safety net for your loved ones if you're no longer around. It can help cover essential expenses like mortgage payments, outstanding debts, funeral costs, and even those looming college tuition bills. Think of it as a way to ensure your family's future remains bright, even if you're not there. It’s a crucial part of responsible financial planning and estate planning.

Answered by Robert Moore on February 11, 2025

Broker Licensed in IN, AL, IL & 11 other states

Answered by Robert Moore Medicare Insurance Agent

Tags: Advice for Seniors Life Insurance