Life insurance offers two core benefits. First, it offers protection for your family from the financial hardships of your premature death. Living benefit riders can also protect your family from loss such as critical illness. Second, certain types of life insurance offer wealth accumulation features. Not only can life insurance benefit your family in the event of your death, but it can also benefit you as a key component in your financial portfolio. Remember, the BEST type of life insurance is completely dependent on the nature of your NEED, and properly structured to Protect, Preserve, & Prosper.
Evaluating your liabilities can feel overwhelming. Your house, cars, student loans, children and business can add up to a quite large number. If you are an income generator in the family, the revenue you provide is crucial. If something were to happen to you, your family could be put in a bad situation. By determining what your liabilities are and what your earning potential is over your working years, it can give you a good idea of the coverage you should have to protect your family.
Your family home, land, mementos and wealth can be a product of many generations. Keeping them in the family can be extremely important, but preserving family wealth can be easier said than done. One of the best ways to preserve your assets is to leverage part of your family wealth into a life insurance contract. The proceeds of the policy can be used at death to cover taxes, liabilities, business issues, and add to the overall wealth of the family as well as ensure that family heirlooms will not have to be liquidated if cash is short.
Planning for retirement can be a daunting task. There are many sources of advice, products and concepts. Add in the uncertainty of the market, interest rates, and tax law changes, and it is hard to know what is right for you. Retirement planning creates a storm of confusion in a time where you want clarity. Different products offer different solutions, but one solution that can weather these financial storms is the utilization of a properly structured life insurance policy. Remember, life insurance policies aren’t subject to the same income restrictions of other retirement plans, and they may offer the ability for growth of your cash value, which can provide tax-free retirement income in the form of loans. Properly structured income distribution from a life insurance policy can provide for retirement income, thus allowing for you to tailor your other investment assets to reach their full potential.
Give us a call today to explore the opportunities available through life insurance, and learn the advantages of a properly structured life insurance policy.
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At Nevada Senior Advisors we are dedicated to navigating you through the various choices to find a plan that best suits your individual needs.
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We have been VERY pleased with the information and guidance we’ve received from Nevada Senior Advisors. They helped us make some excellent choices in 2008 and feel we have survived the worst of bad times that have come upon all of us.
We felt comfortable with Nevada Senior Advisors from the beginning. Since placing our IRA’s with you we sleep better at night knowing that our principal amount is safe.
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They always take the time to meet with us whenever we need to explain any questions or concerns we might have. We look forward to continuing our long term relationship with Nevada Senior Advisors.
We are certain that others who come to you for financial assistance will be as please as we have been. We have never had such good service with any other advisor that we have dealt with in the past. You have our complete trust at all time which is a very good feeling for us.