Fifth Tip for Getting Life Insurance In Volusia County

Fifth Tip for Getting Life Insurance In Volusia County – Have Us Help You Evaluate the Future of the Policy

Fifth Tip for Getting Life Insurance In Volusia County

When it comes to planning your retirement, a lot of agents will highly recommend that you invest in a permanent life insurance policy. In truth, this may not be the best move for you. 

The permanent life insurance policy is intended for individuals who have obtained a net worth of at least $11.7 million threshold as of 2021, in which federal estate taxes will kick in after death. 

Most individuals looking into a life insurance policy while planning for retirement should consider buying a simple term life policy with a death benefit and investing any other disposable income in tax-advantaged retirement accounts. 

Organize an Emergency Fund 

Building an emergency fund is the first way to put savings from term life insurance to work. This emergency fund should be equal to three to six months’ worth of living expenses. Having this emergency fund is crucial to help cover any big, unexpected bills that may come along.

With those potential obstacles cushioned by the emergency fund, you will now confidently be able to keep regular retirement contributions on track. Did you know that disability insurance can help protect your income (and retirement savings) if you are unable to work? 

We offer life insurance to families located in Deland, Debary, Orange City, Deltona, Port Orange, Lake Helen, Ormond Beach, and New Smyrna Beach. We are also able to protect families throughout all of Central Florida.

Thanks for reading the Fifth Tip for Getting Life Insurance In Volusia County from your friends at Joyanna Insurance.

Please learn more about us by checking out our home page today! We proudly serve all of Central Florida for Life Insurance and other useful retirement products. Hopefully, we can assist you too. Remember to follow us on Facebook!