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Life Insurance

Policy Review

Life changes, but so does your life insurance. Many people don't realize that as they age, their policy needs may change. Whether you need to change your beneficiary, update your address, or increase your death benefit; policy reviews can help you stay in charge of your insurance. Policies can also undergo changes as a result of interest rate changes, increased expenses, and underperforming dividends. Transition Planning offers a no-cost, no-obligation policy review to anyone, including people who aren't clients, that think they may need to update their policy! Don't let changes in your life leave you vulnerable, stay in control and learn how to stay ahead of the curve with Transition Planning.


What Life Insurance Can Do For You

Many people only think of life insurance as protection in the event of their death. However, life insurance can be so much more. Insurance can be used to successfully plan for events throughout your life and can help you meet your goals along the way. One of the ways that life insurance can help you meet your goals is through building your cash value account. As your cash value builds throughout the life of your policy, you can begin to use it to help pay for college, put down a payment on a house, or plan for retirement. The best part is that the account grows tax deferred, can be accessed using tax free loans, and it is free from any creditors you may have. Many people think of insurance as a static, inflexible investment, but with a permanent policy, you can help take control of your future.

Another way that modern life insurance can help protect you from sudden changes in your life is through the onset of living benefits. Many people wonder what would happen to them if they were to get sick. Where will the money come from? With living benefits, you have an answer. When people with a policy that has living benefits get sick, the policy can accelerate payments from the death benefit to help them pay for medical bills during their illness. There are two different ways this works. Most policies today are accompanied by a rider that will accelerate the death benefit when the insured has a terminal illness. The next way that the benefits can be accelerated is through a chronic illness rider. This optional rider has an extra charge, but assists people who become disabled as defined by their inability to perform two of the six activities of daily living. These riders help our clients stay protected throughout the length of their life, not just at the end. If your polics doesn't have these benefits, don't you think it should?