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T-Fit : Life Insurance

Why? What am I really buying? Is it part of a larger financial plan? Do I really need life insurance?. T-Fit : Life Insurance. What am I really buying? Peace of Mind Time Income replacement Retraining Child care Asset protection Education/Marriage for children. T-Fit: Life Insurance.

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T-Fit : Life Insurance

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  1. Why? • What am I really buying? • Is it part of a larger financial plan? • Do I really need life insurance? T-Fit : Life Insurance

  2. What am I really buying? • Peace of Mind • Time • Income replacement • Retraining • Child care • Asset protection • Education/Marriage for children T-Fit: Life Insurance

  3. Is it part of a larger financial plan? • Protecting the gap as investments grow • Transfer of wealth • Funding of annuities for children or spouse • Disability or long term care • Trust funds T-Fit: Life Insurance

  4. Do I really need life insurance? • Who has an insurable interest? • Are there better ways to provide for my family? T-Fit: Life Insurance

  5. How much? T-Fit: Life Insurance

  6. How Much? • Items to consider • Final expenses • Outstanding debts • Balance of Mortgage • Outstanding taxes • Replacement of Income • Future big ticket items • Children’s education • Weddings • Lifestyle changes T-Fit: Life Insurance

  7. What kind of insurance should I buy? • See an agent • Insurance is about risk. • Value • Whole or Universal Life • Level premiums over the life of the policy • Builds a cash balance • Refunding of premium as part of the claim • Term Insurance • Increasing premiums T-Fit: Life Insurance

  8. Questions? • Helpful links: • http://www.lifehappens.org • http://www.bankrate.com/calculators/index-of-insurance-calculators.aspx • http://www.marketwatch.com/tools/lifeinsurance • http://money.msn.com/life-insurance/life-insurance-quotes.aspx T-Fit: Life Insurance

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