13 Jun Why Life Insurance Is Important
Why Life Insurance Is Important
As Jamie Hopkins, a Forbes contributor, points out, “Many people do not view life insurance as an essential and vital part of a retirement income plan. They see life insurance primarily as a way to protect families from the early loss of a breadwinner during the working years. However, life insurance has the potential to be so much more if properly utilized in a comprehensive retirement income plan.”
Life insurance can provide a personal safety net, especially if you have people depending on you. If something should happen to you, your loved ones will be taken care of, now and in the future. What you might not realize that, life insurance can also help you achieve your financial goals.
As Hopkins wrote earlier this year, “Unfortunately, many people do not fully understand nor appreciate the value and benefits that life insurance can represent as part of a retirement plan. Having the correct type of life insurance and the appropriate amount of life insurance coverage in retirement will accomplish multiple jobs. It can help protect your income, provide tax-free cash flow, help manage taxes, provide peace of mind to families, and even improve the total returns in a portfolio.”
At B & B Insurance, we’ll help you find insurance solutions tailored to your individual needs. We’ll explain your options and make sure you understand the benefits and drawbacks of all of them. For more insurance tips or to get an insurance quote in Florida, contact us at our Lantana offices: (561) 586-0029 or email@example.com.