“Numbers never lie, after all; they simply tell different stories depending on the math of the...
Life Insurance At Every Stage Of Life
Life Insurance is an important part of financial planning and not something to be overlooked. Take a look at the different stages of life below to go over some of the benefits of Life Insurance.
SINGLE WITH NO CHILDREN
Ensure your debts won’t be passed to your family. If you’re taking care of aging parents or a special-needs sibling, care can continue uninterrupted.
MARRIED OR PARTNERED
As you begin your lives together, you’ll likely incur joint financial obligations. Protect your spouse or partner with adequate life insurance.
PARENTS WITH CHILDREN
Many couples rely on two incomes to make ends meet and single parents may be their children’s one-and-only. Life insurance is critical at this point.
If you’re still building your retirement nest egg, life insurance ensures that if something happens to you, your spouse or partner can still live comfortably in retirement. If you are already retired, life insurance can be a “permission slip” to spend some of your principal assets as the tax-free death benefit will replace those assets.
At Virtus Wealth Management we have advisors here that specialize in insurance and would be more than happy to discuss this with you further. We can look at your current policies and give you a second opinion on the value they add to your financial plan or we can make recommendations for you. If you would like to know more about life insurance feel free to call us at 817-717-3812. We look forward to hearing from you!