Monday, December 15, 2014

Life Insurance Can Give You a Firm Financial Foundation for Raising a Family

Raising your family is a rewarding - and challenging - experience. Being a parent to your kids and a partner to your significant other is important and meaningful. There's nothing better than spending quality time with your family. Whether you're about to welcome your first child to the world or you've been raising your family for years, your life insurance agent is here to help you make sure you have the right protection and plans in place to meet your family's needs.

Life insurance can give you a firm financial foundation. When you have children, it is more important than ever to consider purchasing life insurance. And if you already have life insurance, you should work with your trusted insurance agent to make sure you have enough. In some instances, life insurance can provide benefits while you're living. Life insurance also helps your family after you are gone, with things like the mortgage and auto payments, child care and even college costs. There are a wide variety of life insurance policies, including term or permanent coverage, designed to meet your changing needs as you raise your family.

Term life insurance usually provides the most life insurance coverage for the least cost since you can purchase it to cover a set period of time, for example from the time of purchase to age 65. Term life insurance can help cover your family's needs during those years when you are buying a home, raising a family, sending your kids to college or building a business. If you decide to go with a term life insurance policy, it is imperative that your length of coverage is carefully planned and calculated to your family's specific needs. On the other hand, a permanent life insurance policy runs from the time of purchase until the end of the policyholder's life, regardless of the age when the plan is purchased. There are two variations of permanent life insurance which help you build cash value that you can borrow if you need to: whole and universal life insurance. Whole life insurance combines your life insurance policy with an investment fund, and universal life insurance combines
your policy with a money market investment. While you're living, the life insurance cash value accumulates on a tax-deferred basis. Upon your death, benefits from a permanent plan can be paid to your beneficiaries in a lump sum or through flexible payment options.

If you think you can't afford life insurance, think again. The truth is that you can't afford not to have it. Imagine how your family would make ends meet without being able to rely on your income. Would they have to sell your home, or dip into retirement funds? Life insurance helps you avoid these difficult decisions by providing your family with financial security if you should pass away. Working with a life insurance specialist will help you ensure that your family is covered no matter which type of life insurance policy you decide to buy.

Life insurance is not a matter of if, it's when. Your family is counting on you and you want to provide them with a bright future, no matter what. Our goal at Pivot is to provide you with the best life insurance policy to fit your specific family situation and financial goals. We want to be a partner that walks through all of Life's Pivotal Moments with you. Find out more at


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