Life Insurance Overview
We all can agree that planning for the financial well being of our families is certainly a subject we should give some serious thought to. And that’s the purpose of the following information – a serious though not complicated look at “the truth about life insurance” and why it’s important to you.
First of all, let’s get one simple truth out of the way right now … it’s not a pleasant thought, but it is a necessary one: Life insurance is about what a person is going to leave to his or her heirs after he or she dies (and that “what” means m-o-n-e-y). But, life insurance can be much more than that; in fact, life insurance can be a way to build up a personal fund that you may use yourself BEFORE you die.
Buying life insurance can be very confusing because, today, you have so many choices. If you’ve ever thought about “What is the best type of life insurance to own,” the simple and best answer is “The type of life insurance that is in force on the day your heirs need it!” That may sound like some salesperson’s quick retort, but it is really The Truth!
However, most Americans have many, many other questions bouncing around in their minds when they get around to giving serious thought to buying life insurance. Here are a few of those important questions:
Learn about Joint Life Insurance
What is Term Life Insurance?
It should come as no surprise to you that “term” life insurance involves “time,” that it pays a death benefit to your heirs only if you (the insured) die during a specified period.
What is permanent life insurance?
Permanent Life Insurance provides you with coverage throughout your entire lifetime, and it may include a way for you to build “cash value" in your policy.
Need help deciding which life insurance policy best fits your needs?
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PO BOX 2060
Petoskey MI 49770
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Investment advisory services offered through Horter Investment Management, LLC, a SEC-Registered Investment Advisor. Horter Investment Management does not provide legal or tax advice. Investment Advisor Representatives of Horter Investment Management may only conduct business with residents of the states and jurisdictions in which they are properly registered or exempt from registration requirements. Insurance and annuity products are sold separately through CLC Insurance. Securities transactions for Horter Investment Management clients are placed through E*TRADE Advisor Services, TD Ameritrade and Nationwide Advisory Solutions.
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Insurance and annuity products are not sold through Horter Investment Management, LLC (“Horter”). Horter does not endorse any annuity or insurance products nor does it guarantee their performance. Owners of these products are subject to the terms and conditions of the policies and contracts of the issuing companies. All product guarantees depend on the insurance company’s financial strength and claims-paying ability.
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