Universal life insurance policies can provide essential permanent life insurance coverage with a unique degree of flexibility that may give you the ability to adapt coverage and payments to meet changing needs.  If you are looking for flexibility and a more aggressive life insurance product then the various Universal Life Insurance options are worth taking a close look at. 

Life insurance often is also purchased by business owners and people with real estate holdings as a cost effective tool to provide liquid funds to pay the federal estate tax levied against the estate of a deceased person, so the heirs are not forced to liquidate business, real estate or personal assets at an inopportune time.

Life insurance comes in all shapes and sizes and each have their own special benefits and distinctive methods of helping you achieve your financial goals. Your agent with Gain Financial Services will help you find the right life insurance product for your particular needs. 

How much life insurance do I need?  There are many ways to calculate this and your agent will help you to ascertain the correct amount for your individual situation.   

To give you a rough idea you might use this basic calculation which uses the formula:  Income needed per year divided by interest rate = result minus cash and liquid financial products.   Here is an illustration to help you understand the formula:

1. Pick an interest rate that you think your spouse or dependents could reliably earn with tolerable risk.   Let’s use 5% for an example. 

2. Divide the income ($80,000 by 5% or .05)  That comes to $1.6 million. 

3. Thus you need $1.6 million of cash to provide $80,000 per year.  You can subtract the amount of cash and liquid financial products from the $1.6 million and you now have a life insurance amount to work with.  

Contact Us for more information on life insurance to help protect your family's financial future.  

For more information call us today at (303) 456-7967 or toll-free at (800) 416-4481