07/30/2019
"Any good wealth management plan involves the periodic evaluation of your financial goals and objectives—and a well-designed approach to help achieve them. Although often overlooked as a planning tool, life insurance can serve a broad spectrum of needs for individuals, families and business owners. Since there are a multitude of policies available, choosing the right life insurance policy and amount of coverage is critical."
This paragraph speaks a thousand words to me. It's really the key point of our business. So many times I hear from people that $100,000 or $200,000 is enough life insurance for my family and I. I always ask them one question, do you believe that your family will be able to live the same lifestyle, be able to pay all of the bills, be able to still live the same life if you weren't here any more?
People don't understand that if they make $100,000/yr and they are in their 40s for example. It'll take much more than a $100k/$200k life insurance policy to make sure their families will be covered, god forbid anything happened to them.
Simple math. You are 45 and are involved in an accident that causes your death. In order for your family to continue living the same lifestyle, paying all the bills and making sure that nothing changes... in order for all of that to happen you will need at least $2million of life insurance. How did I get that number? Simple! $100k/yr x 20 yrs until you turn 65 years old and retire is $2million. (also keep in mind this death benefit will be TAX FREE)
So now that you've read this, do you & your family really have the right amount of coverage or can we help you make sure that your family NEVER has to worry if god forbid something were to happen to you?
~Freedom Wealth Services~
(904) 206 - 3820
Although often overlooked as a planning tool, life insurance can serve a broad spectrum of needs for individuals, families and business owners. Since there are a multitude of policies available, choosing the right life insurance policy and amount of coverage is critical.
