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| Are You Planning For Your Future Retirement? |
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Introducing Clientor Financial Group
Advanced Financial and Life Planning
Many individuals and their financial planners consider life insurance as the cornerstone of their financial plan. While the main purpose of life insurance is to help take care of your family in the event of your death, policies can also serve other purposes including:
- providing funds to pay final expenses
- creating an inheritance for your heirs
- making significant charitable contributions in the event of your death
- creating a source of tax-deferred savings
Life Insurance: The Benefits
No other financial vehicle is as effective as life insurance when it comes to protecting against the financial strain that a premature death can bring about. Life insurance benefits can also provide income (why?) for your spouse, send your child to college, pay estate taxes, fund a stock repurchase plan or satisfy many other financial needs.
Permanent life insurance also works for you during your lifetime by providing the opportunity for cash value accumulation on a tax-deferred basis. Over time, these funds can be accessed via loans or withdrawals to help you enhance retirement savings, reduce out-of-pocket premium payments, supplement college funds or achieve a variety of other goals.
A properly designed life insurance program can provide a combination of safety and security unlike other financial vehicles.
A Powerful Financial Tool
You’re familiar with life insurance in the context of its fundamental role: helping protect one’s family from the financial strain that the death of an income earner can bring about. Life insurance is also one of the most versatile financial vehicles available, capable of filling a broad range of other long-term personal and business needs, including:
| Personal/Family | Business |
Death benefit protection
Estate planning
Wealth transfer
Charitable giving
Retirement savings | Business continuation
Buy-sell plans
Key employee coverage
Executive bonus plans
Deferred compensation plans |
Selecting the Right Policy
The market offers thousands of life insurance policies that will take care of your beneficiaries if you should pass away. The key factors that distinguish one policy from another include:
- The policy’s guarantees and benefits
- The policy’s underlying values and charges
- The policy’s interest crediting mechanisms
- The level of flexibility in meeting your specific needs
- The financial strength of the life insurance company, which influences its ability to meet future commitments
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Financial and Insurance Resources |
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