The 7 Wonders of Life Insurance

A great reminder of some of the things that life insurance can do:

1. Buys time: Allows loved ones to focus on their grief by helping to pay for the funeral and other costs.

2. Provides a fresh start: Lets loved ones start with a clean slate by helping to pay off credit card bills, outstanding loans and even the mortgage.

3. Generates income: Helps replace lost income for years to come so that surviving family members can continue to pay for life’s necessities.

4. Offers flexibility: Gives a surviving spouse the chance to take time off or to switch to a job that offers a more flexible work schedule.

5. Creates opportunities: Can provide funding to start a business, or pay for schooling so surviving family members can train for a new career.

6. Funds the future: Offers a way to fund longer-range goals like a college education for the kids or a secure retirement for a surviving spouse.

7. Leaves a legacy: Gives parents the chance to leave future generations with the legacy of long term financial security.

-Marvin H. Feldman, CLU, ChFC, RFC, President and CEO of Life Happens