3 ways to incorporate the two together – and put you ahead.

When setting your retirement goals, have you thought?... “If I should die before those, who depend on me... will there be enough savings for them? “

Here we will understand importance of incorporating life insurance with your retirement plan in order to give you and your family the comprehensive safety net in the event of premature death or disability. As stated on the LIFE Foundation blog: “A retirement plan without insurance is just a savings and investment program that dies or becomes disabled when you do.”

Prevent your retirement plans from dying when you do. If you die before retirement, your survivors would miss out on both your salary for living expenses and the money you were setting aside for the future. People who die prematurely haven't had as much time to put together an investment program that can really pay off. If you have sufficient life insurance, it can help pay your family's expenses and may still be there for your spouse's retirement.

Supplement your retirement income. Suppose your circumstances change and you no longer have anyone who would need the proceeds of a death benefit. With a permanent life insurance contract, you have the flexibility to surrender the policy and supplement your retirement income with the funds that have accumulated in the policy's cash value account.

Preserve your estate assets for your survivors. If you've accumulated a large estate, life insurance can help foot the estate tax bill from Uncle Sam, preserving assets for your heirs. Or, if your estate is more modest, life insurance can provide a legacy for your children and grandchildren even if you use up most of your assets during your retirement years.
 

Read more about major life events and factors affecting your life insurance needs at the LIFE Foundation
 

Learn more about Term Life & Retirement options below or call: 800-541-5858

Related Topics:

Guidelines – Why Life Insurance

Why do I need Life Insurance

Life Insurance

Retirement Planning

Instant Term Quote

Most of us insure our homes, cars and businesses. Are those things more important than our loved ones? Pondering this question helps us understand that if something were to happen to you – Life Insurance provides protection from the family losing the ability to make the mortgage or car payment, it may ensure your children receive the education you intended them to have, or continue the lifestyle you built up for them.

The recommended Life Insurance coverage is 10 -15 times your annual salary. If you can not afford this, having some protection is better than nothing at all.

View your term life insurance options

Related topics:

Love Letter

Why do I need life insurance?

Guidelines – why life insurance?

The Gift of life insurance

What term life insurance gives you.

How does life insurance protect?

Yes! - Alien Abduction Insurance is an insurance policy issued against alien abduction.¹

Alien abduction defined as: "subjectively real memories of being taken secretly and/or against one's will by apparently nonhuman entities and subjected to complex physical and psychological procedures." source: Wikipedia

Over 20,000 people have purchased this type of insurance policy.¹ via ²

Some companies offer policies for alien pregnancy. ¹ via ³

¹ http://en.wikipedia.org/wiki/Alien_abduction_insurance

² http://findarticles.com/p/articles/mi_m1318/is_n10_v52/ai_21136401/

³ http://ojar.com/view_13190.htm

Betty Grable had Million Dollar Legs. Paramount famously insured her legs for $1 million. source: history.com

Celebrity leg insurance started in 1940 with Betty Grable, a famous actress, singer and dancer, who was the first women to insure her legs for a million. source: get great legs

I came across this Love Letter on the LIFE Foundation blog, and thought it would be a perfect topic to share with everyone. This letter summarizes the very reasons that North Coast Life is so passionate about life insurance. As I have said many times before and here again... Life Insurance is the greatest and most selfless act of love you can give!

Read letter below...

Dear J.P.:

Today is November 21, 1989, and possibly you are wondering what the date has to do with writing you this letter.

While you are only four months old at the present time, I hope that this is a date you will remember, because today we purchased for you a life insurance policy. It is one like we have and it will be for your use for the rest of your life.

J.P., the difference between financial success and failure is often determined by whether or not a person can discipline themselves in a consistent and conservative financial strategy. Life insurance is ideal in this respect because it has withstood the test of time both for family security and savings … it's the greatest savings plan in the world because IT WORKS!

It may be that you will have to call upon the cash value of this policy many times during your lifetime and, at such time, we hope you will remember that we started this for your benefit.

This policy carries with it two features of particular significance. The first is an automatic purchase option, which will allow us to increase your coverage as you attain certain ages. The other feature is one that has been very meaningful to me in my financial life and it is called disability waiver of premium. This means that in the event you should ever become disabled, your financial plan will be self-completing for you and your family.

This policy is a special gift of love and affection from both your mother and me … and we suspect that it will be remembered long after all other gifts are forgotten.

May God's blessings be with you always.

Love always,

Dad and Mom

We express our love in many ways and Valentine's Day is one of those days that many of us may be trying to find the perfect gift to show our Love. Why not consider the gift of Life Insurance this Valentine's? It would be the BEST Gift you ever gave your Love! Find out how to give this unforgettable Gift NOW!

How do you feel about Life Insurance? Please share your thoughts ...

Ensuring the future of your Loved ones with life insurance is truly a selfless act. This devotion towards others is why we are so passionate about making sure everyone understands the benefits and importance of life insurance.

If you have a life insurance policy (even if not through us), I invite you to take a moment to tell us how life insurance is important to you. If you do not have a life insurance policy, I still would like to invite you to share your feelings and thoughts about life insurance.

Sharing your thoughts will help us understand what people like yourself, value most and in-turn help make a difference by educating others. We look forward to viewing what you have to say on this important subject.

Sales trainer Tom Reilly shows you how to take the negative and make it a positive. According to the Biz-Blog post at salesvantage.com. "How to Fail Forward"

--Michael Jordan said this about failure: "I've missed more than 9,000 shots in my career. I've lost almost 300 games. Twenty-six times, I've been trusted to take the game-winning shot and missed. I've failed over and over again in my life and that is why I succeed."

Wills and trusts help us to protect ourselves. These documents indicate who will make important decisions for us in the future. For this reason, understanding how wills and trusts work is extremely important. When do you need a will? When do you need a trust? What is the difference between the two? Suze Orman explains the ins and outs of this very important topic on her website and gives some critical information on how a Life Insurance Policy works with-in these documents.

With most Life Insurance websites offering people to choose their policy on line with a few clicks... Is it still a good idea to work with an agent? Absolutely!

What does an Insurance Agent do for you?

Agents have a wealth of information about the products that are available to you and which product will work best for the protection you are seeking. Since the insurance agent understands how the different policies function, they agent will customize a plan just for you.

How does this action occur? Agents will look at getting to know your situation. They may start with wanting to understand the ongoing and future financial requirements of those who depend on you. Below is a list of the most common information your Insurance Agent will ask you about:

• Your name and spouses name

• Date of birth

• How many children and their ages?

• Do you have a Life Insurance plan in place?

• What type of plans have you made for final expenses?

• Basic personal financial information

• Family income

• Other financial resources

• Possible debts

• Monthly expenditures

• Savings investments - ie: 401k, CDs, Annuities or other

• Your main objective for the insurance plan

• How your health has been?

• What medications you are taking?

• Family health history

• Personal habits or addictions

• Recreational activities

• Do you have concerns with outliving your retirement income?

To make sure that a future claim on your policy is paid out fully and immediately to your beneficiary, you should not keep anything from your agent. The insurance company uses this information to access your risk and adjust the premium for your coverage. As an example, you will pay a lower premium if you are a non-smoker. A higher premium may be charged if you have chronic illness. If information is found out at a later date, that had not been disclosed when obtaining the policy could mean your beneficiary may have a delay in receiving any of the money. So lying in order to have a policy defeats the entire propose of putting the policy in place.

Another advantage to use an insurance agent is many have professional relationships with the insurance underwriters (the people who approve your application and set the rates). This in turn means if there is any question about something on your application, the agent can shop around for you to make sure you qualify for an insurance plan before you apply.

To get matched with a local agent for yourself, fill out the request form for a FREE quote and you will be on your way to getting this expert guidance about your insurance options.