Whole Life vs 401K Plans


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The way that you invest your money in the short-run is of ultimate importance on how you and your family will be protected in the long-run.
Short Term
If you invested $100.00 per month in a 401K on your job for the entire year and passed-away in month 12, your beneficiaries would only receive what you put into the fund. $1200.00
If you invested $100.00 per month in a life insurance policy with a $150,000.00 face value, your beneficiary would receive $150,000.00 tax-free. Whether you passed 30 days or one year after the policy was enforced.
Long Term
If you needed funds from your 401K for a medical emergency, you would be subject to penalties and taxes if those funds were withdrawn before age 59 and a half.
If you acquired a life insurance policy with Living Benefits, in that same situation and you suffered a covered illness or injury, you would be entitled to 70 to 90 % of the face value after 30 days of the policy’s enforcement date* and your beneficiary would be entitled to the remainder of the face value if you were to pass away.
Make no mistake both have a cost. 401K applies penalties and whole life insurance takes time to build up cash value, but the big difference is we don’t’ know when we will need the money and to have the larger amount available in the short-term may provide the greatest protection for your family.
In addition, your 401K fund is tied to the stock market and you could rise and fall in accordance. If your policy’s face value is $150,000.00, it will remain the same no market what happens in the stock market.
Are you properly insured? Are all your children insured? Now, like never before, it is time to be sure that you and your family are properly protected.
Contact us today for a free consultation.
Ms. Sonja Cassandra Perdue, Founder
Living Benefits Insurance Quote

http://www.FamilyAmbassadorProgram.com
*Terms and conditions apply.
*Consult with a professional tax and/or legal advisor before taking any action that may have tax or legal consequences.
*This information is provided for informational purposes only. This article is not intended to provide tax, legal, or financial advice. Please consult your own professional for advice specific to your circumstances.

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