What Happens When You’re Gone?
No one likes to think about the day they leave this earth. However, if you have a family relying on your income for support, it’s your responsibility to ensure they’re cared for in the event that you pass on.
Your life insurance should cover the expenses of your family from the time you pass until the day you’d expected to retire; this means you may need 10 or 20 times your annual salary in life insurance.
Deciding how much life insurance to purchase (and where to purchase it) can be daunting. That’s why, at Larson Wealth Management, we help families compare life insurance strategies and determine the best policy.
Our Life Insurance Options
Whether you currently hold no life insurance or you’re unsure whether you’re getting the best life insurance deal, talking with one of our financial planners can help you discover better life insurance options.
There are a variety of factors to consider when selecting life insurance, including:
- Your current salary
- Your family’s growing needs
- Death-related costs and taxes
- When you’ll want coverage
If you shop for life insurance without this information, you may pay more than necessary in premiums or purchase coverage that is too low.
You strategize your vacation plans, retirement savings, and career path. Don’t neglect important insurance strategies to protect your family.
Some areas we advise include:
- Whether to purchase term or permanent life insurance
- How much insurance to purchase
- Term riders
- Disability waivers
- Combination of benefits
- And more
Life Insurance Benefits
Life insurance isn’t about you, it’s about securing the financial safety and well-being of your family, business and loved ones.
Benefits of Life Insurance Strategies include:
- Replacing your income for loved ones you support
- Cover funeral and burial costs (which now average at $7,000-$10,000)
- Help pay off any outstanding debts
- Plan ahead for your child’s education
- Help keep your business afloat in the event of a partner’s death
- And more…
Types of Life Insurance
Life insurance comes in all sorts of shapes and sizes. Below is a short list of some common forms:
- Term Life
- Whole Life
- Guaranteed Universal Life
- Variable Life
- Equity Indexed Life
- Guaranteed Issue Life
- Accidental Death Insurance
- Simplified Issue Life Insurance
Generally, whole and term life insurance strategies are the most common. Our advisors can help determine the best fit for you and your family based upon your situation and goals.
Why Choose Larson Wealth Management
We work for you
Rather than working for the sale, our financial planners work for your best interest.
Don Larson founded Larson Wealth Management to provide honest, quality financial advice in Tempe, Arizona. Today, Don continues to manage Larson Wealth Management, prioritizing his clients’ needs above all others.
If we can find you lower-cost life insurance options, we will. If we believe you need less coverage than you currently hold, we’ll tell you. If you need more coverage, we’ll explain why, so that you can make an informed decision about your insurance strategies.
Above all, we’re here for your family. We want you to know you’ve protected those you love if the unexpected happens.
Our clients come from many backgrounds
A 32-year-old single mom needs different life insurance than a 50-year-old grandfather.
A young couple might be able to combine their life insurance policies for extra savings, or may choose to hold separate policies with additional features on each.
Every individual’s budget is different. Every family’s needs are different. Our advisors recognize this and work to fully understand your situation before building your insurance strategies.
The financial planners at Larson Wealth Management have experience with a wide variety of individuals and situations. No matter your financial needs, our financial planners can help you determine the best life insurance options for you and your family.
We’re trusted in the Tempe community
Larson Wealth Management began in Tempe over 15 years ago. Since then, we’ve built a reputation for honest, dependable financial advice in Tempe.
Our local, experienced financial advisors are available locally to meet face-to-face whenever you have questions or concerns. Additionally, we limit each of our financial advisors to just 100 clients: when you work with us, you’ll receive in-depth advice tailored to your situation.
Don’t Wait Until its Too Late, Get Started Today…
If you’d like to learn more about different life insurance strategies, receive advice on selecting a policy, or have a professional examine your current policy, simply give us a call at (480) 345-4414. We look forward to working with you!