Agent Alliance Group L.L.C.
Why we buy Life Insurance.
Have you and your loved one made plans for your future based of of both of your incomes? What would happen if one of your unexpectedly passed? Replacement of Income is another reason to have Life Insurance that way your loved one can maintain their standard of living
Protection from the unknown. If you have a mortgage that you need to make sure that if something happened to you or your spouse that you have enough Life Insurance to cover this expense for your loved one.
Final expenses: You've seen the commercials − funeral expenses, burial costs and medical bills can add up to a hefty amount. The last thing you want is for your loved ones to shoulder this extra burden. Life insurance can be used to plan for these final expenses. Permanent life insurance is available in various amounts, so you can pick a death benefit that meets your needs.
College funding: This one only applies if you have kids. But have you seen the tuition rates lately? Life insurance can help fund a college education. If you die, the death benefit may be invested and potentially grow to the needed amount by the time your children reach college age. Feel better knowing that you helped prepare for their future – even if you are not there to see it. Just keep in mind that investing involves market risk, including risk of loss of principal. Take care to ensure that permanent life insurance is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. The earlier the better so maybe you're starting to see the need for life insurance … and you'll call your agent next week, right? Don't put it off! Typically, the younger you are when you get insurance, the lower the cost and the easier to get approved.
Read this important information
As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs. Not a deposit • Not FDIC or NCUSIF insured• Not guaranteed by the institution • Not insured by any federal government agency • May lose value