In an age where people are getting into more debt, taking out a life insurance policy can help remedy that. “Life insurance will often serve as a valuable tool in your journey to meet your financial goals and objectives.” People may decide to wait until a certain age to take out a life insurance policy. It is true that some employers can offer life insurance, but it is not the secure as purchasing for yourself. HCR Wealth Advisors recommends that if a person is in good health and relatively younger, they can purchase a policy with a lower premium, which means the payments each month would be lower. Death is unpredictable, it can happen expectedly if someone has an illness and it can happen as a total surprise. HCR Wealth Advisors strives to educate clients on investment strategy. They have identified two different life insurance options that clients could consider, term and permanent. A term policy is a temporary insurance policy that only lasts between 10-20 years. Once that period ends the policy will expire and a person will not be able to gain those benefits.
A permanent policy will last until a beneficiary can reap the benefits or the person decides to stop utilizing that insurance option. Education debt can swallow up a person, having to rely on someone else’s income can cause anxiety, and suddenly becoming sick can send a person spiraling into debt. This is where HCR Wealth Advisors come into play. As a registered investment advisory firm, clients can rest assured that if they decide to purchase a policy. HCR Wealth Advisors understands that taking out life insurance is an investment first and foremost so they welcome any questions about them. Death is something that cannot be stopped but taking care of one’s family doesn’t have to stop with death.
This article is for informational purposes only and should not be considered investment advice. HCR Wealth Advisors is not affiliated with this website.