Life Insurance Overview
We all can agree that planning for the financial well-being of our families is certainly a subject we should give some serious thought to. And, that’s the purpose of the following information – a serious, though not complicated, look at “the truth about life insurance” and why it’s important to you.
First-of-all, let’s cover one simple truth right away … it’s not a pleasant thought, but it is a necessary one: Life insurance is primarily about what a person is going to leave to his or her heirs after he or she dies (and the “what” means m-o-n-e-y). But, life insurance can also provide so much more than death benefits; in fact, life insurance can be a very good way to build personal wealth that can be utilized by YOU prior to your death.
Buying life insurance can be very confusing, particularly today, because you have so many choices. If you have ever considered, “What is the best type of life insurance to own?” the simple and best answer is “The type of life insurance that is in force on the day you die.” That may sound like asalesperson’s snappy response, but it is really the solid truth!
However, most Americans have many, many other questions bouncing around in their minds when they get around to giving serious thought to buying life insurance. Here are a few of those important questions:
What is Term Life Insurance?
It should come as no surprise to you that “term” life insurance includes a "specific period of time" that the policy will pay a death benefit to your heirs only if you (the insured) die.
What is permanent life insurance?
Permanent Life Insurance provides you with coverage throughout your entire lifetime, and it may include a way for you to build “cash value" in your policy.
Need help deciding which life insurance policy best fits your needs?
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Founder of CM Financial Strategies
Investment Adviser Representative: Virtue Capital Management
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Dublin CA 94568
Tel. No. (925) 452-8286
Fax No. (925) 237-3733
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Investment advisory services offered through Virtue Capital Management, LLC (VCM), a registered investment advisor. VCM and CM Financial Strategies are independent of each other. For a complete description of investment risks, fees and services, review the Virtue Capital Management firm brochure (ADV Part 2A) which is available from your Investment Advisor Representative or by contacting Virtue Capital Management. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional.
Insurance and annuity products are not sold through Virtue Capital Management, LLC (“VCM”). VCM does not endorse any annuity or insurance product nor does it guarantee any annuity or insurance product’s performance. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Any guarantees mentioned are backed by the financial strength and claims paying ability of the issuing insurance company.
CM Financial Strategies is not affiliated with the Social Security Administration.
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