The Right Life Insurance Policy to Protect Your Family
Life insurance is an important part of financial planning since it offers financial protection to surviving beneficiaries in the event of your passing. Everyone has a unique family situation to protect and at Clear Path Financial, we can help you select the right policy to help ensure your family will be taken care of.
We get to know our clients, their needs and financial goals and help them decide if a life insurance policy is right for them. You may want to invest in one if someone such as a spouse, partner or dependent child relies on you for financial support and you want them to be able to afford the same lifestyle after your passing. Death benefit proceeds can be used to cover your funeral and burial expenses so the financial burden does not pass to your loved ones.
What would happen to your business and employees should something happen to you or another critical member of your team? There are life insurance policies in which the company pays the premiums on the policy and acts as the beneficiary. The death benefits could be used to pay off creditors, fund payroll and help keep the business afloat.
As long as premiums are paid, a Permanent Life Insurance policy can cover you for the rest of your life.
Term covers a set amount of time such as 10 years, 20 years, etc. Premiums are generally less expensive than Permanent premiums and could be a good option for younger and healthier individuals.