Anyone who is looking to save up for retirement should also need to consider options that can ensure that their families remain financially secure. When it comes to ensuring the future livelihood of family members, getting a life insurance policy is important. A life insurance policy can help to provide funds to surviving family members for a number of things such as funeral expenses and debts. The policy proceeds can also provide the family with a source of income as well. HCR Wealth Advisors can help find a life insurance policy that will ensure a family’s well-being in the future.

 

A life insuranHCR WEALTH ADVISORSce policy is a contract with a company that offers coverage for a set period of time. During this period of time, a premium is paid which is a monthly payment for the coverage. Upon death, the policy proceeds can help provide financial support to survivors. One of the main benefits of a life insurance policy is that it is not liable for income tax. However, life insurance policy proceeds may be subject to an estate tax depending on the amount of coverage. To learn more about the tax implications of a life insurance policy, individuals should consider meeting with a representative of HCR Wealth Advisors.

There are two types of life insurance policies. One of the types of life insurance policies is term life insurance. This type of policy is valid for a certain number of years. Coverage is for a set period of time. Upon a person’s death, the policy will be terminated and the coverage will expire. The other type of life insurance policy is a permanent policy. This provides coverage for one’s entire life as long as the monthly premiums are paid. HCR Wealth Advisors can help explain the differences between the two policies and which one is best.

HCR Wealth Advisors is a firm that specializes in providing financial services to a variety of clients. The firm was founded in 1988 and has served as one of the most trusted financial planning and advisory firms in California. Today, the firm helps many individuals, entrepreneurs and high net worth individuals find the best solutions to meet their financial needs. HCR Wealth Advisors has a group of professionals who are eager to assist clients find the best ways to achieve goals such as saving up enough for retirement, saving up for college and also handling financial matters such as eliminating debt. HCR distinguishes itself from other firms by letting clients set up their investment portfolio and allow the advisors to give them feedback.

This article is for informational purposes only and should not be considered investment advice. HCR Wealth Advisors is not affiliated with this website.