Senior couple checking recipe on internet before cook

5 Things You Didn’t Know Life Insurance Could Do

Permanent life insurance provides lifelong protection, as long as you pay the premiums. Because it is designed to last a lifetime, permanent life insurance generally accumulates cash value. That means there are some important living benefits to permanent life insurance, benefits you can take advantage of to fund life’s possibilities.

Here are five things you probably didn’t know you could do with permanent life insurance.

Senior couple checking recipe on internet before cook
Portrait of senior graphic designer.

Keeping Your Small Business in Business Through a Disability

If you own a business, you know how it feels to live for that business. You also rely on it to support you and your family. So, what would happen if you suddenly became ill or injured and could no longer work? You need to think about the what-ifs.

The fact is, your loved ones may not have the skills or desire to run the business, and your co-owners may not welcome the idea of an unintended partner. Also, imagine the scenario where it is one of your co-owners who becomes permanently disabled and you’re faced with those choices.

That’s where a disability buy-sell plan comes in to play. This is an agreement among owners to buy out a co-owner’s share of the business in the event of a permanent disability. Here are four options for funding that agreement:

Portrait of senior graphic designer. Valerie King_Family_004
Detail of a girl working with her tablet

4 Mistakes You’re Making When It Comes to Protecting Your Paycheck

Figuring out if you need to protect your paycheck—really, your ability to earn an income—with disability insurance is pretty easy. If you have a job and you rely on your paycheck to meet your monthly bills and financial obligations, you need it.

In essence, disability insurance is there if you suffer an injury or illness and can’t work for an extended period of time. It will replace a portion of your income until you’re able to return to work again.

But most people who are working don’t have this basic protection for the long term, and often it’s because they assume they don’t need it. Here are four common mistakes people make when it comes to understanding disability insurance and its importance in protecting your ability to earn an income.

Detail of a girl working with her tablet
Start planning your LIFE today Close