As you build your wealth, it’s important to protect it. That’s where insurance comes in! If an unexpected illness, disability, or even a tragedy happens, insurance can help safeguard your financial goals and give you peace of mind.
Let’s talk about how different types of insurance can protect your hard-earned money:
Life insurance: a safety net for your loved ones
What is it? Life insurance pays a benefit to your loved ones when you pass away. Think of it as a financial safety net to help them cover expenses, pay off debts, and maintain their lifestyle.
How does it work? There are two main options:
- Term Life Insurance: You rent your protection for a set time (like 10 years), and it’s super affordable.
- Permanent Life Insurance: You own your protection for life. It’s a bit pricier, but it comes with extra perks like cash value growth and potential tax advantages.
How does it protect my wealth?
Life insurance isn’t for you, it’s for your family. If the unexpected happens, it gives them a financial boost to help them stay on track and achieve their goals. It can also help cover estate taxes or create a legacy for future generations.
Ready to learn more? Talk to your financial advisor or chat with one of our easyLife experts. We’re happy to help you create a plan that safeguards your wealth and protects the ones you love.