Life insurance is a simple concept — you buy a policy that pays to your beneficiary or beneficiaries when you die — but the decisions of what kind
life insurance to purchase, how much of a death benefit and how much you pay are extremely complex. .
You want to make sure your life insurer will be around for the long haul.
How do you do this? You can consult a seasoned insurance professional, which is probably your best bet, or you can look at how various independent organizations “rate” the life insurers you are considering. Ratings are like school grades, A+, A, A-, B+, etc. In general, it’s wise to stick with companies that are rated A or better by most rating organizations..
It’s your life, but you can also take care of your loved ones!
Life insurance is far more than just a decision of how much to buy.
Depending on your financial situation, life insurance can be used for a variety of purposes, such as:
- Estate planning
- Accumulating cash
- Transferring wealth
- Achieving estate tax liquidity
The professionals at Toth-Felty Insurance will make sure your loved ones are supported if something happens to you. We will show you all of your life insurance options.