Safe Money and the Plain Truth

Why the financial services industry is stacked against the American Retiree

Everybody Loves Life Insurance

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Hey folks, after a hiatus over the last few weeks I’m back to enlighten you with something on everyone’s favorite topic…life insurance.

Recently I saw this list titled “The 7-Wonders of Life Insurance”and it is worth reminding folks of the great things it can provide to your family in the event that you die prematurely…which I suppose sounds kind of dumb considering the fact that I believe 10 out of 10 dead people surveyed would most likely say they died prematurely. 

At any rate, this is a good list and certainly worth taking a moment to remind us of why we pay those premiums every month.

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.


Written by brantleyw

October 26, 2009 at 9:09 pm

Posted in Uncategorized

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