This is the most valuable advice you will ever hear on the topic of the best life insurance policy.
The best life insurance policy is the one you can afford. The one you will be able to keep for a long time.
There are essentially three different types of insurance policies. The one you want, the one you need, and the one you can afford. It is my job to help my clients to align all of these as closely as possible and provide protection for all different types of scenarios that may come up in life.
I bet there is a lot about life insurance you have never heard of before. Did you know that there are benefits available in some life insurance policies that will provide cash benefits that you can access if you become critically, chronically or terminally I'll? You can use it for better treatments, medications, to pay bills with while you are unable to work.
Did you know if you have the right policy, life insurance can be a safety net to cover your mortgage payments, rent, business expenses, college, retirement, large repairs, vehicle purchases and more?
It can even get you out of debt and reverse all of your previous poor financial decisions.
A financial needs analysis completed together with a licensed insurance broker will determine your true insurance need. Once we have that baseline of coverage needed to protect you and your family, we can then determine the best products suited for your budget and life stage.
It is important to know that not all life insurance policies are created equal. There are a lot of components, a lot of moving parts. So it is best to put something in place that you can afford for now, modify as you are able and keep that knowledge in the back of your mind about the other options you will have to work with later on as your situation changes.
I recommend we have a chat, but in the interim, you complete the form below so you can see how affordable it can be to protect your family!