When you list the financial assets on your balance sheet, you might immediately think of your house, vehicles, retirement funds, or financial investments. Life insurance is another essential element in your financial plan and offers benefits that no other assets will. Beyond the familiar death benefit, life insurance has several valuable advantages that can both expand and protect your financial security.
Life insurance provides:
protection against the financial risk of dying too soon,
planning for life stage needs,
protection against rising health expenses,
safe and profitable long-term investment, and