The COVID-19 pandemic has prompted many Americans to buy life insurance for the first time. With several life insurance policies on the market, it can be confusing to know how much and what type of policy is best for your financial situation. According to a survey by Life Happens and LIMRA, confusion over what to buy is one of the top reasons people give for not having life insurance. Whether it’s a mortgage that needs to be paid, children who will need to be supported, or a legacy you want to leave, a financial advisor is fully prepared to discuss what needs can be covered with life insurance.
In this episode of Money Script Monday, Kevin dispels the 3 life insurance myths that discourage retirees from exploring the benefits of an IUL policy and reviews an in-force contract to show you the growth potential behind an index interest credit.
Resources Provided for This Episode
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Advisory Services offered through LifePro Asset Management, LLC. The information presented here is not specific to any individual's personal circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials.