Term Insurance, Whole Life Insurance and Long Term Care Insurance


When was the last time you looked at your Life insurance coverage? 

According to LIFE (The non-profit Life and Health Insurance Foundation for Education), 68 million adult Americans have no life insurance coverage. (That means about 30% of us.) In September 2008, a LIFE poll found that 27% of adult Americans would be willing to cancel their life insurance coverage to save money in hard times.
  • It can be a vital part of a financial strategy for empty-nesters who want to retire to a comfortable lifestyle.
  • Life insurance can replace vital income for a surviving spouse in the event of a death.
  • Life insruance can be used as a tool to pass money to your heirs tax free.
  • A buy-sell agreement funded with life insurance allows a surviving business owner to buy the company interest of a deceased owner at a previously established price. Key-person insurance can aid a business if a core employee passes away. (It is possible for a business to fund a buy-sell agreement and key-person insurance with pre-tax dollars, making these moves truly tax-efficient.)
Are you adequately insured? Are you using life insurance smartly? Life insurance is like the Swiss Army knife of estate planning: there are so many ways you can use it as you plan to pursue your goals. Whether you simply need to insure yourself or need to protect your estate through sophisticated planning.  Contact us at (502)380-9191 to discuss your insurance needs.