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The mere mention of the term "life insurance" often creates a reaction. Many people make an emotional connection between the words "life insurance" and the loss of a loved one. However, the emotional loss is only one aspect of loosing a significant other, a child, a sibling, a parent, a grandparent, a friend or a business associate. Another type of loss is financial. Many people depend on the income generated by a loved one or business associate to maintain their lifestyle. Without that income additional suffering may occur. The primary role of life insurance is to offset the financial suffering caused by loosing a loved one or business associate. The secondary role of life insurance is to provide living benefits. Life insurance policies can be designed to provide cash to supplement retirement benefits, college education, purchase of a home and to provide funding for many other purposes. The best way to determine how much and what type of life insurance best fits your situation is to speak with a qualified financial advisor. Retirement Council, Inc. provides confidential consultations on life insurance planning. Please contact our office for more information. You may also visit LIFE to learn more about life insurance planning. |