Individual Life Insurance For most people, their lifetime earnings potential is their greatest financial asset. Without this income, their lifestyle and standard of living could be at risk. The major role of life insurance is to replace income lost because of death and to provide capital to settle an estate. Other uses of life insurance include: Leaving a bequest to a charity Funding a child's education Supplementary retirement income There are two main types of life insurance: Term insurance is a temporary form of insurance. It is used for one of two purposes: To cover a temporary need To cover a permanent need temporarily Term policies often include a renewal and conversion feature. The...
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Please enable JavaScript to use this page Life insurance is truly a family matter. Unlike medical insurance or dental insurance, both of which take care of your personal health, life insurance helps cover your family and those closest to you in the event of your death. It allows you to provide financial confidence so your loved ones remain financially taken care of, even if you’re not around to provide that care. Purchasing individual life insurance can help make sure your entire family is covered. If you’re married or have children, individual life insurance might be a good idea for you, especially if you provide the main source of income. If you’re looking for life insurance and you aren...
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Individual Life Even if you already have life insurance through your employer, you may be underinsured. If you’d like the security of knowing that you have enough life insurance coverage in place, we can work with you to ensure that there aren’t any gaps in your current coverage. If others depend on you for financial support, part of your financial plan should include how you will provide for them in the event of your death. Purchasing a life insurance policy is a safety net that ensures your loved ones’ future financial obligations are met, covering items such as funeral costs, outstanding debt, estate taxes and everyday living expenses. If you are married, it’s important for both spouses...
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Fort Scott, Kansas Individual Life Insurance Deciding on the right Kansas Individual Life Insurance policy usually depends on your future goals. Whether you wish to provide a tax free income for your beneficiaries, have funds for the payment of the final expenses or estate taxes, replace the income that is lost if you die, or provide a significant charitable contribution, we can help you chose the policy that will fit your needs at an affordable price. Individual Life Insurance can be important for: A source of savings - If not paid out by death benefit, some types of life insurance can have a cash value. Final expenses - using life insurance to pay for funeral and burial expenses. Income...
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Individual Life Insurance in Janesville and Beloit, WI Reassurance for you and your Loved Ones. Wright Insurance Group provides life insurance to individuals in Beloit, Janesville, South Beloit, Roscoe, Clinton, Rockton, and surrounding areas. Many individuals consider life insurance to be the cornerstone of a sound financial plan. And while no one likes to think about passing on, Life Insurance can relieve you of the financial worry your loved ones may face in the event of your passing. Your beneficiaries will be able to use your Life Insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding your child’s education...
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Life insurance is a significant consideration when looking to secure the financial future of the people you love and those that depend on you. However, it often gets confusing when you have to choose between group life and individual life coverage. Some people may tell you that you only need one and others may recommend both. So, what should you do? Before making any rash decision, it’s essential to know what each of the life insurance coverage represents. Let’s get started. What is Individual Life Insurance? Individual life insurance refers to a policy that you own and one that you can take into your retirement. It requires you to pay age-based premiums that are initially...
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