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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 2021
Life Insurance - Who Needs It?
If your employer provides group life insurance as one of your benefits, you may think you don't need an individual policy. But what happens to that benefit if you leave your job? Employer-provided life insurance coverage generally ends once you're no longer employed by the company. And even if you remain with your employer throughout your career, will the amount of coverage - typically, a multiple of your salary - be enough? Purchasing a life insurance policy* on your own can ensure that your coverage will continue no matter where life takes you.
The Younger You Are
When you’re just starting out, limited funds can make it difficult to add another item to your budget. But keep in mind that the younger you are when you purchase a policy, the lower your premiums will likely be. You can choose the amount of coverage you want based on your needs.A Safety Net
Life insurance proceeds can be used to provide for your loved ones in the event of your death. Knowing they’ll have enough money to cover living expenses, college costs and pay off any debts can help relieve financial concerns.Options
Term life insurance provides coverage for a specified amount of time and pays a death benefit to your beneficiary if you die during the policy’s term. A whole life policy provides lifelong coverage and builds cash value. Universal life policies offer the opportunity to build cash values in addition to the death benefit provided. Your financial professional can explain the benefits of each type and help you choose the one that meets your needs.*Applications for life insurance are subject to underwriting. No insurance coverage exists unless a policy is issued and the required premium to put it in force is paid. Accessing cash values may result in surrender fees and charges and may require additional premium payments to maintain coverage and will reduce the death benefit and policy values. Guarantees are based on the claims-paying ability of the issuer. Riders may incur an additional premium. Rider benefits may not be available in all states. Riders that pay benefits for events other than death will likely reduce the policy’s death benefit and cash value.
GE-3588398(5/21)(Exp.5/23)
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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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