Nevada NV Life Insurance Information
Reader’s Question:
My wife and I are beginning to plan our financial future. Our parents keep suggesting life insurance. There are so many plans out here in Nevada. Why life insurance?
Andrew
LasVegas, NV
Good question Andrew!
Life insurance has been around for a long time and your parents know that. They also know that if your wife and other dependents are relying on your income, life insurance can fill that void if you die. You can select a single or multiple beneficiaries and allow for varying scenarios. Of course, life insurance also is used to settle pending financial matters when you die.
Some life insurance policy owners do not want their estate to be burdened with various estate taxes. Payment of these taxes often causes liquidation of certain estate assets. Life insurance can protect against that.
Other life insurance policies are established for the benefit of a charity. Generally the benefit reaps a bigger reward for the charity than if you contributed the amount of the premiums.
Certain life insurance policies build tax-deferred cash value, which, if necessary, can be used by the owner. Combine this form of savings with a guaranteed death benefit and you will have security for your and your bride.
Life insurance looks pretty appetizing doesn’t it? Add this to your family recommendations, then talk to an agent and get the whole scope of life insurance programs. Good luck, Andrew!
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