Accessing a path to financial security

Whether you’re a parent planning for a child's education or a small business owner poised for growth, one thing’s for certain —there’s not much you can control about the future.  When you add the backdrop of a turbulent economy, it may be difficult to even think about making long-term plans for yourself, your family or your loved ones.

One key to moving forward may be securing a level of financial protection against life’s uncertainties, for however long you need it. Life insurance can help provide that protection. For many households that are juggling multiple obligations including mortgages, auto loans and educational expenses, the prospect of leaving loved ones burdened with those responsibilities can be particularly overwhelming.

All these concerns can be addressed in ways tailored to what you and your family can afford. Life insurance provides coverage at a level you choose, for a period of time you designate. For young families or single parents, term policies are an accessible path to security. And, as your financial circumstances change in the future, a term policy can be easily upgraded to permanent insurance to cover your long-term goals.   

Let’s face it. You can’t be prepared for everything. But an insurance policy might help you plan for more than you realize. 

Stefanie Richardson is a Heights resident and financial advisor for New York Life.

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Volume 3, Issue 1, Posted 11:25 PM, 10.28.2009