When most people think of life insurance, the first thing that comes to mind is the death benefit that it provides to loved ones or causes after you die…right?
That's a pretty obvious benefit and not one that should be downplayed to any extent. We've seen firsthand the power of a life insurance benefit left behind for a family that's lost their primary breadwinner. It certainly doesn't make handling death any easier, but it does a great deal to ease financial pain.
If you've spent any time reading and/or listening our material, you know that most of our clients are not primarily focused on the death benefit.
Yes, it turns out that life insurance has some other nifty features that can actually benefit you while you're still upright and breathing.
One of which (the one we're focusing on in episode 005) is the ability for it to create a pretty swell income whenever you decide you want it to (assuming you have cash in your policy).
Today, we're diving into some specifics on that very subject and how that may work in your favor if this something you're considering.
Actually, based on a lot of scenarios we've looked at, life insurance does a better job of producing a stable income than other alternatives that are more regularly recommended by your “run of the mill” financial advisor.
Listen to the full episode to get the specifics.
And if this something that interests you, please reach out to us. This is our specialty.