Wednesday, September 1, 2010

The 7 Wonders of Life Insurance

Life insurance …

1. Buys time – Allows loved ones to focus on their grief by helping to pay for the funeral and other final expenses.


2. Provides a fresh start – Lets loved ones start with a clean slate by helping to pay off credit card bills, outstanding loans and even the mortgage.


3. Generates income – Helps replace lost income for years to come so that surviving family members can continue to pay for life’s necessities.


4. Offers flexibility – Gives a surviving spouse the chance to take time off from work or to switch to a job that offers a more flexible work schedule.


5. Creates opportunities – Can provide funding to start a business, or pay for schooling so surviving family members can train for a new career.


6. Funds the future – Offers a way to fund longer-range goals like a college education for the kids or a secure retirement for a surviving spouse.


7. Leaves a legacy – Gives parents the chance to leave future generations with the legacy of long-term financial security.

 

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