      |
    
|
Your
Personal CARES Assessment |
|
|
UNDERSTANDING A LIFE INSURANCE POLICY
We care about you and can help by providing a comprehensive review of these and all critical aspects of what the best solution for your personal situation may be. However, like everything in life, it only matters if you care. Is this of interest to you? |
If
you are paying for or anticipate buying a life insurance policy, the
type of insurance you buy has a significant impact on the value you
receive. After you determine if there is a need for life insurance
and how that need changes, you must select the type of life insurance
from a confusing number of choices. The premium amount is important,
but remember that premium and cost of insurance are often two different
things. What about cash value? Can the death benefit be adjusted up
and down as needed? What are the guarantees? Are there surrender charges
and penalties? Who should the beneficiary be and why? What about a
trust as policy owner? Are there any tax considerations? Is the service
and knowledge of the agent and company appropriate? Unfortunately
these important issues often aren’t being considered.
|