A key component in financial planning
There’s a popular country song that says everyone wants to go to heaven, but nobody wants to go now. Few people are comfortable thinking of their own mortality. Because it’s a sensitive or uncomfortable topic for many, all too often people put off making important planning decisions.
At Nulty Insurance, we take a no-nonsense approach to the topic because we know that a good life insurance policy is a key component in financial planning and building your financial safety net. In addition to affording you great peace of mind, life insurance offers several important benefits:
- Money that pays for your funeral expenses so that your family isn’t burdened with unexpected expenses at a difficult time
- Replacement income that helps your loved ones maintain their current lifestyle by covering a mortgage, paying outstanding debts, protecting a spouse or a business partner, and providing resources for your children’s education
- Money to pay inheritance taxes
- Donations to charitable organizations that you support
You can even use your life insurance policy as an investment tool that forces you to save money for the future. It just depends on the type of policy you buy.
We help you explore your life insurance options
There’s no shortage of people trying to sell you a life insurance policy – by phone, by TV ads, by mailers, and by online clickbait. We think it’s far too important a decision to leave to strangers or to make in haste. At Nulty Insurance, our goal isn’t to sell policies, it’s to help our neighbors and, in doing so, foster long-term relationships.
We start by talking to you about your financial goals and unique circumstances. We guide you through the options, telling you the pros and cons of each, so that you can make an informed decision.
There are many plan variations, but essentially, there are two primary types of insurance that these variations fall into:
- Permanent insurance, which includes whole life, universal life, and a few other options; and
- Term life, considered a “pure” type of life insurance. As long as you pay your premium, you receive benefits upon your death.
Permanent life is seen as an investment vehicle that accumulates value over time. It typically costs more than term life policies, but you can get a cash return on your investment before death. That makes the policy useful for retirement. Term life is generally more affordable, with coverage at a fixed rate of payments for a fixed period of time. It can be an affordable option for young families or if you want coverage for a short time.
Many people tell us that they don’t need Life Insurance because they have a policy with their employer. It can make good sense to have a supplemental stand-alone personal policy because if you change jobs, you lose your coverage.
As with all insurance programs, our goal is to find the right solutions for your unique circumstance and budget.
Reach out to us!
We love helping our neighbors, and we do it in a way that’s comfortable, friendly, and even fun. The bottom line is that we’re here to help, like we have been for more than seventy years, and we’re using all our industry and technological resources to make that help as easy, efficient, and effective for you as possible.
We have many clients who have been with us over multiple generations. We invite you to find out why! Give us a call at 877-830-3099 or take a minute to fill out a free quote form. We’d love to meet you!