At TSM Insurance, life insurance policies are designed to take care of your family if you canât.Â Itâs not a pleasantÂ thought, but some things we cannot predict. Planning for the financial future of your family includes ensuring that your family will have a roof over their head and will be able to live comfortably if youâre no longer there.
The Value of Life Insurance
Here are some things to consider if you havenât already purchased a policy:
- An unexpected loss should always be considered in your financial plans
- You can guarantee better rates the younger and healthier you are
- The value of a life insurance policy appreciates and results in an asset that can be used as collateral for loans, or even cash withdrawals
- Time is on your side
Both loans and withdrawals from a permanent life insurance policy may be subject to penalties and fees and, along with any accrued loan interest, will reduce the policyâs account value and death benefit. Be sure to speak with a TSM agent regarding additional policy information and to determine what plan provides best for your familyâs needs.
Planning for the Future
Recent changes in Federal tax law, as well as some uncertainty about projected modifications, may affect how you plan for your future. Now more than ever, itâs important that you consult with a qualified financial, tax, or legal advisor to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries, no matter what happens.
Annual Policy Review
Change is the only constant surrounding us. As our lives change, so does our financial situation. Thatâs why itâs critical that you perform an annual review of each of your policies, especially life insurance, to assure that youâre properly covered.
There are a number of variables that may influence your life situation and, thus, the effectiveness of your life insurance coverage:
- A marriage
- The birth or adoption of children
- The purchase of a new home
- A new job or promotion
Contact yourÂ TSM Insurance professionalÂ for more information about how our personal life insurance can protect the ones you love.
At TSM Insurance, we bring convenience to life.