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Beth A. Botti, CFP®, ChFC, CLU, CDFA™

Financial Consultant

California Insurance License #0G24537

 

612 Wheelers Farms Road, Milford, CT 06460

 

Phone:  203-877-6556 Ext. 169

Fax:      203-301-0736

Email: beth.botti@equitable.com

September/October 2018

Five Truths about Life Insurance

stop excuses tell the truth, take responsibility and have no regrets. Being responsible and taking responsibilities is better than telling lies. Say sorry is not enough! No excuse!

September is Life Insurance Awareness Month, a time like any other when we can come up with several excuses to either not own life insurance or not own enough. Here’s to setting the record straight:


Excuse:
I have plenty of time to buy it.
Truth:
Perhaps you do, but what if the unthinkable happens before you buy it? You aren’t immortal. Or what happens if you develop a medical condition that either makes you uninsurable or makes life insurance unaffordable?


Excuse:
Life Insurance is too expensive.
Truth:
The younger you are, the cheaper individual coverage is. You might also afford a term insurance
policy, especially one that allows you to convert to permanent insurance down the line. And don’t forget about employer-sponsored life insurance, which is group coverage that is typically less expensive than if you bought it on your own. Group life insurance typically ends when you leave the job.


Excuse:
I have enough insurance through my employer.
Truth:
Maybe not, unless you supplement that amount with individual life insurance coverage. You may want
enough insurance to cover three to seven years of lost income and living expenses, plus any extras such as replacing lost college savings.


Excuse:
I’m a stay-at-home spouse, so I don’t have income to replace.
Truth:
When a stay-at-home spouse becomes widowed, childcare for young children may become a financial issue. If you don’t have young children, your spouse’s income still may not be adequate to pay others to perform the tasks you did, affecting the family’s standard of living. Life insurance can help fill this gap.


Excuse:
I don’t want to buy something I don’t understand.
Truth:
That’s a legitimate concern, but you have control over it. Ask questions. If you can’t get answers that are easy to understand, talk to a financial professional who can provide them.

GE 2141123 (6/18)(Exp 6/20)

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Duly registered and licensed financial professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of Utah, LLC in UT; Equitable Network of Puerto Rico, Inc.). Equal Opportunity Employer - M/F/D/V. Equitable Advisors and its associates and affiliates do not provide tax, accounting, or legal advice or services. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Your connection to this website does not necessarily indicate that the sender is able to transact business in your state. The information in this website is not investment or securities advice and does not constitute an offer. For more information about Equitable Advisors, LLC you may visit https://equitable.com/crs to review the firm's Relationship Summary for Retail Investors and General Conflicts of Interest Disclosure.

GE-6572038.1 (4/24)(Exp. 4/26)

CFP®, and CERTIFIED FINANCIAL PLANNER™ are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.

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