Let's face it. Some things are NOT worth dying for. And a large life insurance payout is not one of them. But what if you could use life insurance to live a better life? To not only retire more comfortably, but achieve your dreams?
In this book, you'll read stories about families who did just that. Even confirmed bachelors and bachelorettes who did just that. And along the way come to understand in easy to understand language the technical aspects of life insurance to help you make this difficult decision today. Written by a real life insurance agent, you'll gain decades of perspective to see why life insurance is very much a tool best used for living by those of us wanting to live fuller, happier lives. TABLE OF CONTENTS: Introduction: Happily Ever After?
1. Story Time Examples! (Spoiler Alert: Everyone in These Stories Lives Because No One Wants to Hear ANOTHER Story About Someone Dying to Use Their Life Insurance!)
The Martinez Family Moves Across the Country to A Dream Job with a Universal Life Insurance Policy
The Li Family Survives Breast Cancer with an Protection Indexed Universal Life Insurance Policy
The Patels' Repair their Home with an Accumulation Indexed Universal Life Policy
Benjamin Brown, a Bachelor with no Beneficiaries, Uses a Whole Life Policy to Enjoy His Life
Why the Kelly Family Chose to Convert their Term Policy
The Abara Family Saves for the Future with a Term Life Insurance Policy
Jane Suzuki Preserves Protects Her Fortune
Joseph Kohen Helps His Grandchildren
2. Understanding Exactly What Permanent Insurance Is: The Life Long and Long Life Option
Whole Life Insurance
Guaranteed Death Benefit
Cash Value Component
Different Types
Universal Life Insurance
Traditional UL
Indexed UL
Guaranteed Universal Life
Protection Indexed Universal Life
Accumulation Indexed Universal Life
3. Understanding Exactly What Term Insurance Is: the Temporary Option
Several Kinds of Term Insurance
Level Term
Decreasing Term
4. Typical Riders
What If You Don't Die? You May Want A Return of Premium Rider
For Injuries, Sickness, Disease and Disability You May Want Living Benefits
Conversion
Long Term Care
5. How Much Coverage Do You Need? Making Sure You Are Not Overinsured or Underinsured 57
Conclusion: Everyone Can Use Life Insurance While Alive
Even Confirmed Bachelors and Bachelorettes can Use Life Insurance While They Are Alive
As an Investment
Tax Advantaged Emergency and Retirement Funding
Assisted Living (even at your own home!) and Nursing Homes When You're Old
Self Sufficient to the End
Legacy
Babies and Children Need Life Insurance Too
Death or Disability of a Child
For When They Are All Grownup: Financial Independence
Don't Forget Life Insurance for the Parents
Yes, You Do Need Life Insurance!
