| By Tracy Goldman
Many people have the preconceived notion that
life insurance is a morbid concept. In reality,
it is the easiest and most inexpensive way to
make sure that your family can stay in their
home, your children can attend college and maintain
their style of living should something happen.
Very few people realize there are living benefits
associated with permanent insurance. Life insurance
is generally a tax free way to produce income
streams during retirement, aid in college expenses,
plan vacations and more. The tax benefits alone
is worth taking a look at the possibilities.
My clients generally think there are two types
of insurance; term and whole life. These days
there are a wide variety of products which can
be tailored to a specific need. Following are
the four types of insurance and basic descriptions
of what each can offer.
Term Life Insurance
Term Life Insurance is most commonly used for
a “short term” need such as mortgage
protection and outstanding loans. Generally
is the least expensive form of insurance.
Whole Life Insurance
Whole Life Insurance protects you for your whole
life, from the day you purchase the policy until
you die, as long as you pay the premiums. Is
a form of permanent insurance.
Universal Life Insurance
Universal Life Insurance is another form of
permanent insurance. The policy offers flexible
protection and flexible premiums.
Annuities
A Deferred Annuity is a unique financial vehicle
designed to help people accumulate money for
their retirement and/or turn a lump sum of money
into a guaranteed stream of income payments.
A Lifetime Income Annuities provide a 100% guarantee
that your retirement income will last as long
as you live, no matter how long that is and
no matter how the financial markets perform.
Call Tracy Goldman, Managing Partner with CTM
Insurance today at 800-235-0338 to consult with
her for life insurance and annuity specialists
for options which suit your needs. Visit us
on the web: http://www.ctminsurance.com
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