Life insurance has come a long way since the days when it was known as burial insurance and used mainly to pay for funeral expenses. Today, life insurance can play a crucial part in many household plans. You can use it to leave income to your heirs, supplement your own retirement income, pay off your mortgage, provide for your children’s education, and simplify the transfers of assets. Life insurance can also be used to replace wealth due to the expenses and taxes that might follow your death, or enable to make a gift to your favorite charity.
Please speak with your Financial professional to see how adding insurance to your overall plan could benefit your family’s needs.
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