Beyond September, which marks Life Insurance Awareness Month, we are committed to inspiring you to protect your legacy. We feel it is an opportune time to reflect on the importance of safeguarding your family’s financial future. Whether you seek lifelong protection or coverage for a defined period, our life insurance solutions are meticulously tailored to meet your personal circumstances. Life insurance is more than just a financial arrangement; it’s a profound commitment to the financial well-being of your loved ones that your legacy will endure and thrive even in your absence. And it’s not just about what happens after you’re gone; it can also be a strategic tool for building tax-free wealth while you’re living.

Benefits of Life Insurance for Your Family

The death benefit from life insurance offers flexibility for your beneficiaries to utilize as needed. While each family’s circumstances differ, here are some common ways life insurance proceeds can be employed:

• Daily Expenses: The death benefit can serve as a financial lifeline, covering everyday costs like groceries, utilities, and transportation.
• Mortgage Protection: If you have an outstanding mortgage, life insurance ensures your family can maintain their home without the burden of mortgage payments.
• Education Fund: Many use life insurance to secure their children’s education, covering tuition fees and ensuring their children receive the desired education.
• Debt Settlement: Life insurance can settle outstanding debts, preventing them from becoming a financial burden for your loved ones.
• Legacy Preservation: Life insurance allows you to leave a lasting legacy beyond immediate expenses. It can fund long-term financial goals or cherished philanthropic endeavors.

A Comprehensive Life Insurance Strategy for Your Financial Security

Crafting a comprehensive life insurance strategy is paramount for your financial security, both in the present and the future. This strategy may involve a layered approach, combining term life insurance with various coverage periods and a specified amount of permanent life insurance. Over time, you can convert part or all of your term coverage into permanent coverage, adapting to your evolving protection requirements, depending on your plan and insurance company policies. The goal is to maintain a combination of policies that provide the appropriate coverage at different stages of your life.

The Importance of Sufficient Coverage

Emphasizing life insurance awareness is crucial. It’s more than just an investment; it acts as a safety net for financial emergencies and unexpected life-altering events. Having the appropriate amount of coverage is important. If you are unsure of how much coverage is right for you and your family, your team at Prevail can run an analysis to determine how much is appropriate for you.

Exploring Life Insurance Varieties

Life insurance comes in two primary forms:

Permanent Life Insurance:

• Whole Life Insurance: This offers lifelong coverage and accumulates cash value over time, which you can access for various purposes during your lifetime.
• Universal Life Insurance: Offers lifelong coverage but with more flexibility in premium payments and death benefit adjustments to align with your changing needs.

Term Life Insurance:

• Provides coverage for a specific term, such as 10, 15, or 20 years. It’s an excellent choice when you need coverage during periods of high financial responsibility, like while your children are young or when you are paying off a mortgage.

Is Life Insurance a Wise Investment Choice?

As individuals amass wealth and build substantial assets and investments, a pressing question often emerges with advancing age: “Is life insurance a smart investment?” This is a common query, especially for those who are leaving behind families, debt, or business interests. In certain scenarios, life insurance can serve as a robust means to shield your family and business from your final expenses and outstanding debts. Let’s explore when it might be a sound idea and when you should exercise caution.

With Prevail Strategies, you’re not just protecting your future; you’re ensuring your legacy thrives, giving your loved ones the confidence to pursue their dreams. Let us help safeguard your legacy and turn your life insurance into a financial asset that benefits both your family’s future and your present financial goals.

Prevail Contact Information:

Email: riseabove@prevailiws.com

Phone: 913-295-9500

The name “Prevail” references independent services offered by Prevail Innovative Wealth Advisors, LLC (Prevail IWA), Prevail Strategies, LLC, and Prevail Alternative Assets, LLC (PAA).

Prevail Innovative Wealth Advisors, LLC, is a federally registered investment advisor. Registration with any securities authority is not an endorsement of the services offered by the investment advisor. Fixed insurance products and services are offered through Prevail Strategies, LLC, a licensed insurance agency. Prevail Alternative Assets, LLC, was formed to provide real estate investment opportunities for high-net-worth individuals looking for diversification.

Prevail Innovative Wealth Advisors, LLC, Prevail Strategies, LLC, and Prevail Alternative Assets, LLC, are affiliated because they are under common ownership and control. Prevail Innovative Wealth Advisors, LLC, Prevail Strategies, LLC, and Prevail Alternative Assets, LLC, do not provide tax or legal advice. You should always consult your CPA or tax professional for decisions involving tax implications present and future.

For a copy of Prevail Innovative Wealth Advisors privacy policy, Disclosure Brochure (Form ADV Part 2A), and Client Relationship Summary (Form ADV Part 3), please contact your Investment Advisor Representative or call our main office at (913) 295-9500.

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