Presentation

It is easy to view life insurance as an obligation rather than an opportunity—and an obligation that can be put off at that. But life insurance offers many benefits. 

We all know life insurance can provide funds to pay your last expenses—including estate taxes and other costs. Life insurance potentially may be able to replace your income and help to maintain your family’s standard of living after you die. 

In addition, life insurance may be able to protect your family’s home by paying off the mortgage and other debts. 

The proceeds of a life insurance policy can be used to pay others to do some of the tasks you do routinely, such as caring for an aging relative or a child. 

Life insurance has the potential to ensure that your children or grandchildren have the funds to go to college. 

Life insurance can provide supplemental retirement income for your spouse or partner. 

A life insurance policy may be able to provide funds to help settle your estate—to equalize otherwise unequal gifts to children, for example. 

And life insurance can be used to pay expenses incurred to keep your small business in the family.