3 life insurance types, and how to decide if you need it.

What are the different life insurance types? Do I need life insurance? These are questions that clients regularly ask us.

Throughout peak earning years, many people want to ensure that their loved ones will have resources should they pass away unexpectedly. Life insurance, or really death insurance, can be a helpful tool.

However, as people age, the probability of their death increases. Similarly, if they have been saving diligently, the sum of money that would be needed provide for the offset of income decreases. So, do you really need life insurance?

Join us as we explore term, whole, and universal life insurance. If you have questions, schedule a phone call and we would love to discuss your policies with you!

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.