Do You Have Enough Life Insurance

Do you have enough life insurance for your family? If you aren’t sure, multiply your current salary by the number of years you would like to support your family when you’re gone. Experts suggest having enough coverage to replace at least 10 years of your salary, but 10 years may not be enough coverage for everyone. Alloy Wealth offers insurance services that include personal insurance, liability insurance, and life insurance. We customize insurance plans to the individual and have access to nearly every carrier and every kind of insurance policy. We compare features and premiums before making recommendations because we think of insurance as an important financial tool and not just a way to provide a death benefit to loved ones.

Insurance has come a long way over time. Annuities can create income in retirement. Permanent life insurance policies allow you to build a cash value and withdraw cash to supplement your retirement income or pay for emergency expenses. There’s insurance for long-term care expenses and disability, and insurance that allows for tax-free wealth distribution to heirs. When we customize your insurance plan, our goal will be to make sure you have the right insurance and the right coverage to fully protect your family and your finances.   

Another appealing feature with many insurance policies are the tax benefits they provide. Whole life insurance is tax-deferred which means your money will grow faster because it will only be taxed when you cash out the policy. The death benefit from a whole life insurance policy will not go through the probate process and will not be subject to estate tax. Call us at 800-689-3935 if you have questions about insurance or if you’d like to schedule an appointment with one of our team members.