Even During Tough Times
Life
Insurance Offers Peace
of Mind
Elliot
Jevon Ricks,
New York
Life Insurance Company
As you watch the value of
your property, home or retirement investment savings struggle in the current
economy, you may be wondering about ways to protect your family in the event of
an unforeseen event. One option you may not have considered is the purchase of
a whole life insurance policy.
It may not
be something you’d automatically turn to, but whole life insurance offers
guaranteed death benefit protection in addition to multiple tax advantages and
flexibility. Owning a whole life policy can be a great financial alternative,
not only for the protection of your loved ones but also a financial option for
your living needs.
The primary
promise of life insurance, of course, is that your loved ones will be protected
in the event of your death. And with a whole life policy, your death benefit is
guaranteed,
1 whether
the payout comes in a matter of years or decades. This is an investment that
provides protection in the long-term interests of those you care for most, as
well as your own peace of mind.
But, what
you may not know is that a whole life insurance policy is much more than
protection against the unknown. It also provides you with tax-deferred cash
value that accumulates over time. In the event of sudden unforeseen or happily
anticipated expenses, it provides a readily available source of funds. And in
the long run, it can also supplement your retirement income.
2,3
Any kind of financial
strategy these days seems fraught with uncertainty, so it’s important to
consider carefully what vehicles work best for your own circumstances.
For additional information contact
Mr. Ricks at
225-572-5986 or 225-709-6221.
Neither New York Life Insurance Company, nor its agents, provides tax,
legal or accounting advice. Please consult your own tax, legal or accounting
professional before making any decisions.
1
Gua
ra
nt
ees backed by the claim-paying
ability of the issuer.
2
If your life insurance policy is paid up and your need for a
death benefit decreases.
3
Loans
against your policy accrue interest and decrease the
death benefit and cash value
by the amount of the outstanding
loan and intere
st;
withdr
awa
ls
red
uc
e the available death benefit.