Three Things You May Not Know Life Insurance Can Do
There are a few things about Life Insurance that you may not know about - but should!
- Pay long-term care expenses. Some insurance companies offer the option to add a long-term care rider to a life insurance policy so that you can use part of the death benefit during your lifetime to help pay for long-term care.
- Help cover expenses during your lifetime. Permanent life insurance generally accumulates a cash value that you can draw on for any reason.
- Equalize inheritances. If you plan to leave a sizable asset, such as a business, to one of your heirs, the proceeds from a life insurance policy can provide a comparable cash inheritance to your other heirs.
Copper Leaf Financial can help you navigate the waters of insurance decisions. Call us at our Williston, Vermont location (802) 878-2731 to schedule a strategy session and begin building your road map today.
Article published in Copper Leaf Financial publication Eye on Money - May 2019 issue.