Arizona Life Insurance Agency
Life insurance is a gift to your family on more levels than you might realize:
A Life Insurance Policy For You
On one level, life insurance is a gift that protects your family with the specified cash amount on your policy in the event of your untimely passing. It is especially important if you earn any of the income for the home, because it ensures that they will have immediate income which can last them for a period of time. This allows them to grieve the loss and still have time to move on, make other arrangements for income, or be set for the rest of their lives depending on how much coverage you choose and who the beneficiaries are.
One of the best parts about life insurance is that when your beneficiaries receive it, they will receive it free of federal income tax. They receive the whole amount.
A Life Insurance Policy For Them
On another level, life insurance can be an actual gift that you get for other family members, as in you buy the policy for them, not for yourself. A policy for you makes them the beneficiaries if you pass away within the time frame of the policy. A policy for them is an exceptional gift of foresight which most parents or grandparents never even think of.
If you buy a policy for a grandchild right when they are born, you can lock down the lowest rates that they will ever receive for the rest of their life. When they are old enough to start paying it on their own, they will still be paying the same rate that you had locked down for them. Also, if your grandchild is healthy at birth and you get them a policy, again locking down the lowest rate they ever have, but then they develop any conditions, or if they had pre-existing conditions which were not detected at birth, they still keep the policy you’ve given them and the rate stays the same.
We have a dedicated agent that is ready to assist you.
Contact us today to discuss how life insurance can serve you best.
