Life Insurance - The Key Financial Component

Life Insurance as Anchor to Sound Financial Planning.

Life Insurance is an essential component for protecting your family in the event that you happen to pass before your time. Life Insurance comes in many different varieties. As your Agent, I look at your insurance needs that are unique to you and your loved ones.

As your Trusted Partner, together we will structure customized planning according to remaining working years and time horizon while adjusting for your budget. This approach will create a sustainable and appropriate insurance portfolio that will meet your insurance needs and exceed your financial expectations. I do so by taking a Long-Term approach to planning by avoiding transactional work. I do not endorse one type of coverage over the next; by sticking to tangible insurance and retirement guidelines nearly all of my clients acquire a mix of both or essentially formulate a Blended Portfolio of Term for protection and Permanent for equity - savings for retirement.

Pure Insurance or TERM Policies & Permanent or Whole Life Policies

TERM Policies

There are essentially two types of coverage: Term and Permanent. Term is simple to understand. Like its namesake, Term Policies ensure you and your family for a specified coverage amount set for a determined period of time. These policies provide the most coverage at the most affordable premiums. There is a downside, if you place a 10-year policy and pass in year 11, the policy is no longer enforce and, thus no coverage and protection will be there when your loved ones need it.

Permanent Whole Life Policies

Permanent Life Insurance or Whole Life (Cash Value) which accumulates a hybrid savings account within the portfolio to accumulate accessible savings on a tax-free basis. Many utilize these policies to Supplement Retirement Income. If structured correctly, Cash Value Whole Life Plans are accessible to policy owner with no restrictions or tax penalties, essentially complete autonomy of use of funds as a true living benefit. Custom Whole Life or Traditional Whole Life / Universal Life are all specific types of Permanent Life Insurance.

How Much Coverage Do You Need?

There are several factors that determine the proper amount of coverage you need. The most common approach is to simply buy a policy based on income replacement. You straight-line the Annual Income by the number of desired protection years. I like to walk my clientele through a process that usually suggests a minimum of 10 and maximum of 20-25 years of coverage. Many of us determine our needs unfortunately by price. I explain to my clients if you seek a policy that’s cheap, it most likely will lack value. If you seek value, then the policy will not be cheap!

My Approach

Let’s talk at your earliest convenience. I would like to work with you and your family today. Click on Blue Hyper Link below to send direct email to schedule a telephone or zoom consultation. As your New York Life Agent, I am always working and available.

There's no better time than today. Your family and certainly your future self will thank you.

Alexander Christian Swiger ~ ACS Agent CA License #0M19475 FL License #W506410

email: [email protected]

Personal Website: https://www.newyorklife.com/agent/aswiger