It helps you earn a large amount of money every year. Without question, you would insure that piece of equipment in case it broke down. Nonetheless, statistics show that a person is far more likely to have a disability than to die. Disability insurance is designed to reduce the financial strain on you and your family during a difficult time. Yes, not only is it possible, it's the cornerstone of effective estate planning.
Estate planning is one of the main reasons for buying permanent or whole life insurance.
When your estate passes to your heirs, the insurance pays the taxes and your heirs won't need to sell their inheritance or take out a loan. The answer to this question depends on you - your lifestyle, your responsibilities and your stage of life. After we understand your needs, we can give you an accurate idea of how much life insurance is appropriate. If you'd like a quick estimate of how much life insurance you need, use Life Insurance Calculator . Life insurance helps guarantee a secure future for people close to you-loved ones who depend on you.