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Life Insurance

Life Insurance Planning with Janette L. Davis, CPA

At Janette L. Davis, CPA, we understand that life insurance planning can be an intimidating process. Many people wonder if they really need life insurance and how much coverage is appropriate for their specific situation. We are here to answer those questions and guide you through the process of selecting and purchasing a life insurance policy that meets your individual needs.

What is life insurance?

Life insurance is a contract between you and an insurance company that provides a death benefit to your beneficiaries when you pass away. In exchange for paying premiums, the insurance company agrees to pay out a lump sum of money to your designated beneficiaries upon your death.

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Do I really need life insurance?

Life insurance is essential if you have loved ones who depend on you financially. If you were to pass away unexpectedly, your life insurance policy can help provide financial support for your family, pay off debts and cover final expenses. If you are the primary breadwinner for your family, life insurance can help ensure that they can continue to pay bills and maintain their standard of living after you're gone.

How much life insurance do I need?

The amount of life insurance you need depends on several factors, including your current financial situation, the number of dependents you have, and your long-term financial goals. We can help you determine the appropriate amount of coverage based on your unique needs.

How do I buy life insurance?

Purchasing life insurance can be a complicated process, and it's important to work with a professional who can guide you through the process. We can help you understand the different types of policies available, determine how much coverage you need, and help you find the best policy for your individual needs and budget.

What types of policies are there?

There are two main types of life insurance policies: term life insurance and permanent life insurance. Term life insurance provides coverage for a specific period of time, typically between 10-30 years, and is generally less expensive than permanent life insurance. Permanent life insurance provides coverage for the duration of your life and typically includes a savings component.

Should I have multiple policies?

In some cases, it may make sense to have multiple life insurance policies. For example, if you have a term life insurance policy that will expire before your financial obligations are met, you may want to consider purchasing a permanent policy to provide additional coverage. We can help you evaluate your situation and determine if multiple policies are appropriate for your needs.

What will life insurance cover?

Life insurance can cover a wide range of expenses, including final expenses, debt repayment, and providing for your dependents. Your beneficiaries can use the proceeds from your life insurance policy to cover living expenses, such as mortgage payments, car payments, and other bills.

Why should I use a professional to plan for my life insurance?

Working with a professional to plan for your life insurance needs can help ensure that you have the appropriate coverage for your individual situation. At Janette L. Davis, CPA, we have the knowledge and expertise to help you navigate the complex world of life insurance and select a policy that meets your needs and budget. Working with a professional to determine the appropriate coverage and select the right policy can help provide comfort for you and your loved ones.

Why choose Janette L. Davis, CPA?

We understand that life insurance planning can be an elaborate and emotional task, but our team is here to guide you through the process with professionalism and expertise. With years of experience in the financial industry, we have developed a reputation for educating individuals in an easy-to-understand manner so they can grasp personal finance concepts and use those to pursue their financial objectives. We believe in serving our community and are dedicated to helping individuals achieve their financial goals. By choosing Janette L. Davis, CPA, you can trust that you will receive professional advice, personalized care, and comprehensive solutions to work toward meeting all of your life insurance planning needs. Contact us today to schedule a consultation and learn how we can help you with your life insurance planning needs.

The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.

For a comprehensive review of your personal situation, always consult your legal advisor. Neither Cetera Financial Specialists LLC, Cetera Investment Advisers LLC nor any of its representatives may give legal advice.

All tax and accounting services are offered solely through Janette L. Davis, CPA, LLC.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you. | (954) 967-0969