Now, most people understand how important life insurance protection is, especially if you have a family. What most people don’t understand, however, is the other many uses of life insurance, including the living benefits. Are you aware?
Life insurance is one of the oldest financial tools, however options have changed over the years. Obviously, its main use is to insure your life by passing on desired money’s to family members and loved ones if you should pass away prematurely. But, in today’s very complex and ever changing financial world, life insurance has adapted to have many uses and provide many other benefits. For example, were you aware that life insurance has some very valuable advantages and tax savings benefits? Were you aware that life insurance can provide benefits to you while you are living? Were you aware that certain types of life insurance if properly set up and funded correctly, can provide a tax free income in retirement as well as long term care funding?
The fact is that many very smart and wealthy people utilize life insurance in many different ways for maximizing and protecting their nest egg.
For more information and additional details about the many uses and benefits of life insurance that could very well enhance your retirement plan, call us at 702-462-7233 or Agoodman@AskAdamGoodman.com
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