1. 3570 POINTS
    J Scott BurkePRO
    President, Newbury Inc., Evansville, Indiana
    Life insurance offers a death benefit that is paid directly to your beneficiary tax-free when you die. It's a beautiful thing.

    If you have a family that depends on your income and would suffer financially if you died, then you need life insurance. Call your local life insurance broker and shop the rates.
    Answered on April 15, 2013
  2. 10983 POINTS
    Tim WilhoitPRO
    Owner, Your Friend 4 Life, Brentwood TN
    Life insurance depending on the type of policy can offer several things. The primary purpose of course is a tax free lump sum benefit to your loved ones when you die to replace income, payoff debt, educate your children, etc.

    However, there are cash value plans such as a whole life policy for example that can do much more. Think of it as the Swiss Army knife of life insurance. The features can help with retirement, pay for a critical illness, long term care situation, college funds for children, etc.

    I recommend sitting down with an experienced independent life insurance broker you trust and build a plan that takes care of your unique needs.
    Answered on May 30, 2014
  3. 63254 POINTS
    Peggy MacePRO
    CEO and Senior Agent, Outlook Life, Inc, Most of the U.S.
    Life insurance offers that the the life insurance company will pay the beneficiary of your choice a predetermined amount of money, if you should die within a set period of time (which you could choose to be your lifetime), in exchange for a set premium that you pay on a predetermined basis.
    Answered on December 11, 2014
  4. Did you find these answers helpful?

Add Your Answer To This Question

You must be logged in to add your answer.

<< Previous Question
Questions Home
Next Question >>