Current News: Why Tax Time is a Good Time to Consider Life Insurance?
Decisions about life insurance and taxes are weighty matters and you might prefer not to tackle both at the same time. But there are compelling reasons why tax time is the best time to do so. Tax season is a good time of year to consider your options for improving your quality of life and now with the extension of deadlines due to the COVID-19 pandemic, you would be well-advised to take this opportunity to review your planning.
When qualifying for a tax refund, many people use the extra funds to improve their homes, purchase a better vehicle or add to their long-term savings. However, one affordable way to enhance your financial security and to protect your family’s quality of life is to review your life insurance options with a licensed agent.
Life insurance is something that can be customized to your needs and to your lifestyle. A good life insurance policy can be used in the short-term to cover a mortgage, it can be established to protect the interests of a special-needs child who will need financial support after you are gone, or it can be used as an effective savings vehicle for the longterm.
About 70 percent of Americans consider life insurance a necessity for themselves; yet, about 40 percent of Americans have no life insurance to speak of to help protect their quality of life or that of their family. Consider sitting down with a life insurance professional and discussing your options. (Source: GantDaily.com)
Life Insurance and taxes are just a starting point in our conversations with out clients at The Ziff Agency. We take a whole-person, whole-life approach to make sure that all aspects of your financial plans fit together for optimal results.
Is it time for you to review what you currently have in place and consider how to improve it?
Please contact a Ziff Agency professional directly for a consultation.