What is Life Insurance?

• A safeguard for your loved ones when you pass away
•  A tax-free and probate-free lump sum to your designated beneficiary upon your passing A protection plan against financial deficit for your family

The type of Life Insurance you need, and how much you need, is determined by working with one of our agents at KRS!

Types of Life Insurance:

• Whole life, term life, and universal life
• Each type has differences in costs, benefits, and coverage

Things to keep in mind with Life Insurance: 

•  Many people may not have the coverage they think A previous agent may have misled them while the facts of the contract say differently
• Many people do not review their coverage annually and have an outdated beneficiary listed
•  Many people do not have a plan in place until it is too late
• Age, gender, and health conditions all factor into what products are available and the cost of the premium

Do you have young children? Do you own a home? Do you have outstanding debt? If you were to pass away, would your spouse be impacted by the loss of your income or will a loved one be left to pay the cost of your final expenses (funeral, burial, cremation)? Have you ever created or contributed to a Go Fund Me account for the sudden loss of a friend or relative who did not have a plan in place?

If you said ‘Yes’ to any of these questions, look into some form of Life Insurance coverage!

How do I know I need Life Insurance in Retirement? 

People don’t think they need coverage if…

• house is paid
• low to no debt
• kids are grown

People don’t think about…

• how will the loss of their income affect their spouse?
• how will their family come up with the money to pay the costs of your funeral, burial, or cremation?
•  how they can use Life Insurance tax benefits to help with estate planning
• how to leave a legacy to their grandchildren

What if I have Life Insurance through my employer? 

Many people have coverage through their employer. It’s very important to get private coverage outside of your employee benefits.

People don’t realize…

•  if they lose their job, retire, or quit, they’re more than likely to give up their coverage
• the premiums are much higher the older they are and the more health challenges they have
• the importance of reviewing their current coverage

At KRS, we help customize a tailor-made plan, specific to you and your family’s needs. We shop around to find you the right coverage at the best price. Schedule your free consultation today!