It’s not a question of “IF!” It’s a question of “WHICH ONE!” Then one asks – “Are you prepared for any of the three?
Americans may face several financial risks before and during retirement. Earlier in life there are 3 major risks that individuals and families face, but each risk tends to get smaller over time.
Those 3 potential risks are:
- Income replacement due to the death of a primary breadwinner
- The cost of college savings for children
- Paying off the mortgage
As we get older and these risks decline, a few other risks emerge, and they tend to become more daunting over time:
- The multitude of financial risks ….. the possibility of living too long, interest rates, stock market, rising tax rates, house repairs, etc.
- The rising cost of health care
- The potential reduction of social security income due to the death of a spouse. At the core of your asset protection, you have life insurance.
The three pre-retirement risks can usually be alleviated with term insurance. Unfortunately the three post-retirement risks that occur later in life often cannot be adequately mitigated with term insurance. Permanent insurance may be your best alternative to protect assets from these risks.
We have been insuring many of our customers with an insurance plan that can cover you:
- If you die – the policy offers life insurance
- If you live too long – the policy offers an income from the policy
- If you become indigent and need assisted care – the policy takes care of the long term care needs.
- And if you are diagnosed with a terminal illness, the same policy can produce income for you and your family for up to 12 months.
For once in our lifetime, a life insurance policy can offer benefits while you are living – not just if you are gone! The price is similar to what you would pay for ONE long term care policy not to mention 3 additional advantages in this one policy.
Let us know if we can show you a revolutionary way of purchasing insurance that gives you so many options – either alive or for your family if you are not! EMAIL us at info@BentonWhite.com or contact any of our staff at 615.377.1212 … As always, we’re ready to earn your business!
