Life Insurance
Life insurance provides a sense of financial security for both families and businesses. It can serve many purposes when developing a financial plan, such as addressing immediate cash needs or replacing income; however, before a client commits to purchasing an insurance policy, several factors require consideration. It's important to identify each client's needs for each insurance, and then help clients understand policy terms, conditions, and benefits. As your agent/broker, we can then guide clients to make the best purchase decision to meet coverage needs. We will guide you on your insurance and investment needs and uses, contract and policy provisions, the underwriting process, and various types of policies and coverages.
Life insurance is so much more than protection for your love ones. There are so many reasons to own life insurance. Contact us, we're here to help you.
10 Reasons To Own Life Insurance
1. Protect Your Love Ones
2. Financial Reassurance
3. Cover End-Of-Life Expense
4. Retire Debt
5. Personal Accumulation
6. Protect Your Business
7. Pay For College
8. Cash Value Accumulation
9. Estate Planning
10. Charitable Planning
Life Insurance and Mortality Risk
1st Life Cycle
Asset Accumulation Phase
The asset accumulation phase of the life cycle begins after a person completes schooling and enters the work force and typically lasts until ages 45-55. Individuals often marry, have children, purchase house(s) and cars, and make further investments in their human capital by pursuing professional or graduate education.
2nd Life Cycle
Conservation / Risk Management Phase
Which typically starts from age 45-50 until retirement (around age 65-70), earning from employment have reached their peaked, children enter and exit college, the outstanding balance on their client's mortgage shrinks substantially, and savings increase to support retirement. It is common for individuals in this phase of the life cycle to take more conservative approach to investing, since retirement is on the horizon. During the early part of tgis phase, clients becomea cutely aware of theor insurance needs.
3rd Life Cyccle
Distribution / Gifting Phase
Begins near retirement and ends at death. During this phase, the person begins to spend down the accumulated assets and may begin to transfer excess assets to family members and love ones as gifts. After the person dies, any remaining assets will be transferred to intended beneficiaries by bequest, either through a validly executed will, the probate process, or non-probate trnasfer vehicle.
Life Insurance as Death Benefit
If a person dies prior to accumulating sufficient financial assets to meet his or her finacnial planning goals, the person's family (not the deceased individual) will feel the financial impact. Life insurance can be used as a hedge against the risk of early death so that if the person dies before accumulating wealth necessary to satisfy his financial objectives, the life insurance death benefits reeived by the family will cover the cost of unfunded financial goals.
Texas Continuing Education
Certificate of Completion
Certificate on Life Insurance is essential for Agents/Brokers to counsel and offer Life insurance policies and its variants to consumers in the State of Texas. It is important for the Agent/Broker to be updated on the rules and regulations that protect consumer's best interest at all times.
Contact Us, We Are Here For You
3404 Spring Meadow Lane, Flower Mound, Texas 75028 (Main Office)
(469)265-1033 / (214)809-8552
DEAJ Insurance and Investments Consulting is currently seeking approval as a Registered Investment Adviser (RIA) with Texas State Securities Board. The information on this website pertaining to any investment product(s) or investment advise are for informational purposes only and does not constitute an offer to sell or buy any security or investment advisory services. Investment advisory services can only be provided after the firm is registered and a written advisory agreement is executed.