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Why everyone should have a life insurance policy outside of work.




Our website is located here: https://www.wahbroker.org/  

 Suzie and I got into the conversation about Life Insurance the other day. It has had a big impact on our lives. When I was in my 20s, I received a check from my father's passing. Suzie received her check in her 30s when her father passed. These policies were from outside of the workplace and in my father's case he added policies through the years as part of his financial planning. 



If you have access to an employer group life insurance then purchase it as it is usually very affordable for a modest amount. Unless you plan on working there the rest of your life without your employer ever changing benefits then look to secure outside life insurance policies. It gives you flexibility and when you get older you may not be able to purchase an insurance plan due to injury or illness. 

Life insurance is a family tool. Most people are familiar with a Term Policy. It is like renting an apartment. You pay a certain amount until the period of time is up and then you have to set a new price if you want to continue to be there.  It is an inexpensive way to cover bills so that the ones left behind are not going through financial trama to match their emotional state. 

Where as a term policy is like renting an apartment, a whole life policy is like buying a home. You have additional tools available to you like building cash value or taking loans out on it. When you purchase when you are young then it is remarkably affordable. 

Not everyone is comfortable with this Whole Life however we have personally used Suzie's policy with great success when we moved to cover the thousands of dollars of fees with our new apartment. We have also know new businesses that have been funded by loans from whole life policies. 

You may have heard the words Mortgage Protection. This is a term policy used to cover a person's mortgage amount. Some will have decrease value term insurance. While the payments using this method are lower so is the payout so be watchful of this feature. We prefer to have the full amount and the policy owner being the named insured so they have the option of were the funds go. 

Life Insurance Exchange is what we use so that shoppers have a wide selection of companies and types of products available at their fingertips. We use a quote on the fly so that you can answer a couple of questions and compare A rated companies with whatever offer that you have before you. 


If you have questions then don't hesitate to contact us. We answer questions all the time. We can be found at facebook and even have a regular podcast Suzilla. 



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Location: 413 N Mission St, Wenatchee, WA 98801, USA

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