Are you thinking about buying a life insurance policy on a child or grandchild, but aren’t exactly sure what the benefits of this purchase are? Fundamentally life insurance is a transfer of risk, and in most cases it’s a transfer of risk from the insured to the insurance company for the case of premature death.
For many people, the term 401k is synonymous with retirement preparation, and sometimes represents the full extent of
their preparedness. Such accounts are often included as part of a benefits package provided by employers, and chances
are if you have one, most of your retirement savings are being deposited into this account.
We all know the death benefit when it comes to life insurance policies, but how would you like to become the beneficiary of your own policy? Well, stick around to the end of this video, because we’re going to show you how to take advantage of the living benefits of life insurance.