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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
July/August 2024
Do You Need Life Insurance?
If you’ve just finished college or earned a graduate degree, purchasing life insurance is probably the last thing on your mind. Not everyone needs life insurance when they’re young. But there are times when life insurance makes sense, even though you’re still in your 20s or 30s.*
You Have Debt
College loans or other significant debt that a parent, grandparent, or someone else has cosigned for can leave that person on the hook for repaying the loan if something were to happen to you. Purchasing a life insurance policy and naming the cosigner as the beneficiary allows the person to use the policy’s proceeds to pay off the loan balance.You Have Dependents
If you have a family that depends on your income or you’re a stay-at-home caregiver for a child or older relative, life insurance can ensure that loved ones have the financial resources to maintain their standard of living in the event of your death. Policy proceeds can pay child or elder care costs, higher education costs, funeral and final expenses, and outstanding debts.You Want to Leave a Legacy
Life insurance proceeds can be used to benefit a charity whose mission is important to you. Naming an organization or organizations as beneficiary(ies) of your policy will ensure the policy’s death benefit is used to support the causes you have chosen.The Youth Advantage
Buying a life insurance policy when you’re relatively young and healthy generally means your premiums will be lower than if you wait to purchase a policy when you’re older. Term life provides coverage for a specific number of years, so choose the longest term for which you’ll need coverage.Your financial and insurance professionals can help you decide if life insurance is appropriate for your situation.
*Applications for life insurance are subject to underwriting and require paid premiums for coverage. Accessing cash values may reduce the death benefit and policy values, trigger tax consequences, surrender fees, and charges, and may require additional premium payments to maintain the contract. Guarantees are based on the claims-paying ability of the issuer.
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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.
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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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