Life Insurance

Andrew Rosner can help you determine the amount of life insurance and the kind of life insurane that is right for you 

Life insurance is vital for most households.

Life insurance is one of the pillars of personal finance. It’s vital for most households, but It can be confusing. Andrew Rosner can help you determine what your life insurance needs are, and help  find the best policy for you at the lowest cost.

If anyone relies on you financially, you need life insurance. It’s essential if you are a spouse or the parent of dependent children. But you may also need life insurance if you are someone’s ex-spouse, life partner, a child of dependent parents, the sibling of a dependent adult, an employee, an employer or a business partner. If you are retired or financially independent, and no one would suffer financially if you were to pass away, then you don’t need life insurance. You may, however, consider using life insurance to pay for your final expenses or as  a strategic financial tool.

Life Insurance helps compensate for the inevitable financial consequences that accompany the loss of life. It helps those left behind cover the costs of final expenses, outstanding debts and mortgages, planned educational expenses and lost income. Also, life insurance can lessen financial burdens at a time when surviving family members are dealing with the loss of a loved one. In addition, life insurance can provide valuable peace of mind for the policy holder. That is why life insurance is vital for the bread winner of a single-income household, but still important for a stay-at-home spouse.

There are two main kinds of life insurance: term and permanent. Andrew Rosner can help you determine which kind is right for you.
Term life is the simplest, the least expensive and the most widely applicable. With term life, a life insurance company insures you for a stated term—typically 10, 20 or 30 years. The premiums are guaranteed for the length of the term.
Permanent life insurance insures you  like term insurance, but also includes a savings mechanism. This mechanism, which is often referred to as “cash value,” is designed to help the policy exist into perpetuity. Whole life—the original—has an investment component much like bonds or CDs (but backed by the insurance company). Variable life offers investment options more like mutual funds. Universal life was designed as a less expensive permanent life insurance alternative with added flexibility.  There are financial planning needs, often related to business planning and/or high-net-worth estate planning, for which permanent life insurance may be the only solution.

Andrew Rosner can help you find the right life insurance policy or policies that fit into your family, retirement, business, and estate planning needs.