​No one likes thinking about life insurance, but purchasing a policy means your loved ones will not find themselves in a difficult financial situation if you were to die unexpectedly.

​Life insurance can be an effective tool to make certain and protect your family's financial future. It has been acknowledged universally as a method by which the breadwinner can substitute risk and uncertainty with timely aid for the family in case of their unfortunate death.

​Should you buy term life or whole life insurance is a long standing debate in the finance and insurance industry. If you do an internet search, you will find a plethora of articles arguing why one product is better than the other. Some insurance and financial professionals lean more to the term life side and view whole life as a flawed product. However upon closer analysis, you will learn how it can be structured to be a very powerful instrument in helping you achieve your financial goals. A balanced view of both is required in order to make the best financial decision for your situation. 

​The thought that your children could pre decease you is something no parent wants to consider. Unfortunately, it is a reality that many parents had to confront in their lives. To prepare for this unexpected tragedy, many parents purchase life insurance on their children. Others look to purchase policies on their children as a good investment by getting them insured at a young age and lock in low rates. Before doing so, there are many factors to consider to ensure you are making a wise decision. 

​Why would anyone in his or her right mind use permanent life insurance to supplement retirement income, especially when they have a 401k or 403b plan and/or IRA's?

​There are a few reasons.