401K’S ARE NOT WHAT THEY APPEAR TO BE

Having Life Insurance through your employer is great but if you leave your job, you may not be able to take the policy with you. All most 70% of Americans work jobs 20 to 30 years believing they have life insurance that will remain enforce when they retire only to find that it does not remain enforce when they leave. Think of the amount of time wasted. Getting a policy at a younger age saves you thousands of dollars to ensure your financial future.

Most are not aware that in most states after age 45, carriers will only insure up to $40,000 per whole life policy with critical, chronic, and terminal illness riders. This is often referred to as the policy’s portability. You might be able to convert your group policy to individual life insurance if you leave, but the cost could go up significantly. If your next job doesn’t offer group life insurance, you could buy an individual policy from the open market. However, the cost of life insurance typically increases as you age, and you never know if you might develop a medical condition that could seriously raise your rates. Talk to your local agent TODAY!