Intimidating accronyms effektives dating sms
I often joke that I gravitated to the financial services industry when I left active duty because it was the only place I could find as many acronyms.I know those acronyms can be intimidating for those not on the inside, but recently I was preparing for a media interview regarding life insurance, and a co-worker suggested an acronym that was downright encouraging: LIFE. Instead of scaring you off, this acronym could give you four ideas to keep in mind when reviewing your own life insurance coverage. These are usually at the forefront of a client’s mind.No big revelation here, but for most families, regular paychecks keep the financial wheels turning.If something happens to your income, would your loved ones be left in the lurch?And since term insurance can be surprisingly inexpensive, you may have a low-cost opportunity to fill the gaps as you take a close look at your LIFE.Whether it’s your mortgage, student loans, credit cards or other debts, cleaning the slate of liabilities is typically the first thing you want from your life insurance.
College is a common goal during a life insurance review, but it’s likely not your only one.
Charitable contributions, business needs and special estate planning objectives all may be part of the mix. Those four factors aren’t the only ones you should consider, but they’re a start.
For planning purposes, ,000 to ,000 is a reasonable estimate.
Barring any unforeseen movement in Washington, higher education’s elevation to a six-figure endeavor won’t be reversed.
Social Security and military survivor benefits can help, but they’re probably not enough.
I’ve also worked with couples with specific goals, such as enabling a spouse to take a few years off or go back to school.