Life Insurance: Fact or Fiction?
Dr. Marcos Levy
Money and Time are invaluable assets. With time, you can make money, but money does not buy time. We could help you create a strategic financial plan to make your future come true.
Fiction #1: "I have plenty of Life Insurance Coverage through work"
Fact # 1: It's tempting to rely solely on coverage through work, BUT the amount available is often insufficient , and you'll likely lose that coverage if you change or lose your job.
Fiction # 2: "My stay at home spouse doesn't need life insurance"
Fact # 2: Insuring a spouse who doesn't earn income can help offset the cost of their valuable responsibilities, such as child care, in the event you'd have to hire someone to do them.
Fiction # 3: " My family is secure because my mortgage is paid off"
Fact # 3: Paying off your mortgage will easy your financial burden, but other expenses such as property taxes, car payments, utility bills, and food, clothing need to be consider as well.
Fiction # 4: "I only have to make decisions about beneficiaries once"
Fact # 4: A change in marital status is one reason to designate new beneficiaries, and you may decide to modify payout options, perhaps after a dependent child has grown up.
Do not let reality facts surprise you when you most need a strong life insurance protection. Not having enough life insurance or not been updated to your new realities could be a striking shock. Let us guide you to your best protection options focused on your personal, family and business particular circumstances.
Marcos Levy
marcosL@creativefinancial.us