Life Insurance Infographic
The question of what kind, and how much life insurance to carry can be complicated, especially when your needs can change. The life insurance infographic illustrates why it’s important to understand the features and costs of the different types and to periodically review your coverage.
Determining the right life insurance coverage for your needs is an important decision.”
See Also: Disability Insurance Infographic
The two main categories of products the Life Insurance infographic illustrates are Term Insurance and Permanent Insurance.
Term Insurance
Term insurance us designed to address temporary needs and buys some protection for a specified period of time or “term.” Buying term insurance to protect your mortgage is an example of this type of coverage.
Permanent Insurance
Permanent insurance is generally used for permanent needs. The life insurance infographic illustrates how proper planning will help to ensure that your survivors have enough money to pay off debts, pay the daily bills, funeral expenses, taxes on investments, real estate costs, and other estate planning needs. Most permanent policies can be split into two categories: those that have a cash value and those that do not. The cash value reflects the money that a policy holder puts into a policy in excess of the actual cost of insurance.
To help with your planning, explore the Insurance Planning calculators in FreshPlan.
Infographic Features
- Communicate complex concepts with vibrant, sharable, easy-to-understand infographics
- Personalized for individual Advisors
- Current and timely for client communications
- One of many infographics included in FreshPlan software
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