When people think of life insurance, it can be confusing or even at times concerning, with so many options available for you. Educating people on what benefits come from having life insurance and what options exist are a part of what Graeme Woods, CLU®, ChFC® does for clients. Before coming in for a consulting appointment, there are a few things that you should consider. Life insurance becomes a topic of discussion when you are heading towards retirement and/or are looking to plan ahead for yourself and your family. It can be at times expensive, and some of the big concerns come from the uncertainty of what plan you’ll get approved for. However, the benefits far outweigh the concerns. Some areas that life insurance covers that you may never have thought of from lifehappens.org:
Pay for funeral costs
Help pay the bills and meet ongoing living expenses
Pay off outstanding debt, including credit cards and the mortgage
Continue a family business
Finance future needs like your children’s education
Protect a spouse’s retirement plans
While income may go down or even be cut in half, household expenses don’t really change much. Life insurance is an income replacement plan that helps the family get through a tough time while they adjust.
As always, come to the professional who can help you figure out the best options for you. Graeme Woods, CLU®, ChFC® can advise on this and more. Call to find out more today at (570) 661-1066.
Written by: Cady Ruth Stoever, G.S. Woods Marketing and Communications Associate