Investing in education

Life Insurance may be used as a powerful tool for tax purposes, financial preservation, and the legacy you leave behind.  But let's focus on how Life Insurance protects the Living.

What happens to your partner or your children if you are gone?  Covid likely took a dear one from you during the pandemic.  Who pays off the house?  The car loans?  Tuition Debt?

Here's what Rich says:  "You can't imagine the number of people who come to us when they have received frightening health news, usually when one is sicker or older.  This is like trying to put insurance on your home after it is already on fire and it is so distressing when people learn it's too late to get Life Insurance."

Start Young Start Healthy  Start Affordable

Life Insurance may cost as little as a cup of coffee per day.  It could be something you want to have for a lifetime or only for a short period of time.  You may need it only until that debt is paid off or you may want to use it to grow in value over your life.  Term Insurance, Permanent Insurance - we'll walk through the best options.

The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.  Insurance services offered through Bye Insurance. Rich Michaels Investments and Bye Insurance are not affiliated.