Life Insurance
3 Tips for Buying Life Insurance – Amherst, OH
Life Insurance Amherst, OH 1) Review Your Financial SituationWhat do you have in place to support your loved ones financially if the unexpected happens? Assess your savings and debts, like a mortgage, to help get an idea of how much life insurance you need. 2) Choose a Life Insurance TypeThe two most common types of…
Read MoreWhat Life Insurance Can Do for You – Life Insurance Amherst, OH
Life Insurance, OH 1) Replace Income for DependentsIf you have dependents that rely on your income, kids for example, life insurance can replace your income if you unexpectedly pass away. 2) Pay Final ExpensesYou can relieve family members of financial burden, like funeral expenses, estate costs, and medical expenses. 3) Create an Inheritance for HeirsYou…
Read MoreChoosing a Life Insurance Payout Option – Life Insurance Fairview Park, OH
Life Insurance Fairview Park, OH Lump Sum Payout – This life insurance payout is a payout of the full amount of your policy and is the most common payout option. Retained Asset Account – You may have the option of keeping your payout in an interest-bearing account with your life insurance company. Life Income Payout – This option allows…
Read MoreHow a Couple Purchased Term Life Insurance for 1.4 Million in Coverage
This couple chose to purchase term life insurance costing $25/month for each of them. 10 years later, they reviewed their finances and decided to purchase two more 30 year policies for under $50/month. Now they each have $700,000 in life insurance coverage. Read Article The author is not pictured. “Buying term life insurance instead of…
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