Sentences with phrase «encourage purchase of life insurance»
The Government has structured this tax incentive to encourage purchase of life insurance.
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While marketing for term life insurance to a younger generation would involve highlighting that buying early can save people money in the long run, the emotional impact of discussing final expense insurance coverage, its affordability, its relative ease in terms of comparison to a traditional life insurance policy and the fact that it gives a great deal of peace of mind for someone approaching retirement and beyond are some of the key ways that a final expense agent can assist with this purchase and encourage people to take that final step of obtaining a policy.
«We're encouraged by Americans» understanding of the need for life insurance and their openness to consider purchasing it,» said Marvin Feldman, CLU, ChFC, RFC, president and CEO of Life Happlife insurance and their openness to consider purchasing it,» said Marvin Feldman, CLU, ChFC, RFC, president and CEO of Life HappLife Happens.
Most financial planners encourage their clients to purchase life insurance policies at face values of eight to 10 times their annual incomes, making policies valued at $ 100,000 or less impractical for most families.
The federal government and the IRS has, for many years, encouraged both individuals and businesses to purchase of life insurance to provide financial security.
One of the ways we encourage our clients to maximize their whole life insurance policy is to use the cash value as collateral for a life insurance loan to purchase other income producing cash flow assets, such as real estate and other investment opportunities.