What is the purpose for your life insurance policy?

Some purposes for which people buy life insurance are:

▪️To replace their income that would be lost upon their death.

▪️To hire others to replace their contributions to the family that would be lost upon their death (daycare, transportation, cleaning services, lawn services, etc)

▪️To give a business time and resources to replace an employee when a key employee dies.

▪️To pass their estate to their heirs in a tax-friendly fashion.

▪️To pay taxes, administrative fees, and debts upon their death.

▪️To pay for chronic, critical or terminal illness expenses (when the policy has living benefits)

▪️To pay off a mortgage, school loans, business loans, and other debts.

▪️To pay for all final expenses, including funeral, memorial service, burial, transportation, etc.

▪️To leave a gift to charity.

▪️To provide cash value for retirement.

If you would like more information on Life Insurance please visit http://www.chrysalisfinancialcare.com

Share a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s