Families need a Will not a Bill

Don't let time run out!!! 
If you or your loved one passed away yesterday; would all of the important things in your L.I.F.E. be covered?








Loans, Income Replacement, Final Expenses, Education?

As lifehappens.org mentions: It’s a subject no one really wants to think about. But if someone depends on you financially, it’s one you cannot avoid. In the event of a tragedy, life insurance proceeds can:

• Pay for funeral costs
• Help pay the bills and meet ongoing living expenses
• Pay off outstanding debt, including credit cards and the mortgage
• Continue a family business
• Finance future needs like your children’s education
• Protect a spouse’s retirement plans 

In our Agency we focus on offering life insurance to all our clients and informing them of their options. Most clients I speak with have never had anyone approach them about life insurance.  Even most Business Owners I work with do not have a Business Continuation plan for themselves in case something were to happen to them or even their key employee.

There are many types of life insurance, but at the bottom line they are all the same; they pay cash to your family after you die allowing them to remain financially secure.  One of the most important facts about life insurance is the death benefit is almost never subject to federal income taxes.

There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.

Term insurance, the most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you die during that term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

Permanent insurance, by contrast, provides lifelong protection. As long as you pay the premiums and no loans, withdrawals, or surrenders are taken, the full amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep it over a long period of time. It’s impossible to say which type of life insurance is better because the kind of coverage that’s right for you depends on your unique circumstances and financial goals. Often, a combination of term and permanent insurance is the right solution.

Regardless of your reason to buy life insurance; do it today! Call us at April Schaffroth Farmers Insurance 602-297-5155 to get started.
It's better to leave behind a WILL than a BILL


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