Life Insurance Benefits

Life insurance can help your family find peace of mind. At Fairfield Green Enterprises, I can help you find the coverage you need to protect your family or business from financial loss if you should die while you have obligations. 
Why do you need life insurance?

• To protect your family and loved ones
• To leave an inheritance 
• To pay off debts and other expenses 
• To add more financial security 

A variety of add-on benefits, also known as riders, allow you to tailor your coverage to meet your needs. At Fairfield Green Enterprises, I am here to help you to figure out what kind of life insurance is right for you.

Long Term Care

People are living longer than ever before. While there are many benefits to a longer life, you need to prepare yourself financially. It also means that your are more likely to be impacted by a chronic or terminal illness.

If you were to become chronically ill:

• Who would care for you? 
• Where would you live?
• How would you continue to participate in family life?

7 in 10 people who are age 65 will deal with a chronic illness or disability later in life. Living longer means you need protection for more than just your family. You need it for yourself.

For More Information on a Traditional Carve Out Life Insurance Product that May Benefit You

For More Information on Why Long Term Care is Imperative to You and Your Loved Ones

Why Purchasing Insurance In-Person is Most Beneficial

Studies show that only one-third of the population feels secure enough in planning for the end of their own lives or the lives of their loved ones on their own. They want insurance, but are not sure how to navigate such terrain in a world where everything has become online-focused. Close to 70% of all potential buyers prefer to purchase insurance from a knowledgeable professional face to face, but their biggest concern is not being heard by the agent or being pushed into a decision too quickly. My decades of expertise in this field guarantees an unbiased, customized experience based on your specific needs and goals while being free of pressure.   

Why Millennials are Now Interested in Whole Life Insurance

Life for anyone born after 1980 is incredibly different from previous generations. This age group is facing the daunting reality of financial uncertainty as they age – retiree healthcare benefits and pensions are becoming a thing of the past. Whole Life Insurance can provide financial protection and security where other types of insurance cannot. With a fixed premium that will unlikely change over the years, it is an investment that can pay out not just to beneficiaries but can be used to supplement retirement income down the road.

The Retirement Mountain

Think of retirement savings as a mountain. You save all your life to build that mountain of wealth. That's the accumulation stage. When you retire, you start utilizing those retirement savings. That is called the decumulation stage. The important question is: what is the difference between the left side of the mountain (accumulation) and the right side (decumulation)?

The answer is both simple and very complex. You can't make a mistake during decumulation. Think about that for a second. What is the biggest risk in climbing an actual mountain? It is not the climb, or the ascension. It is climbing down, or the descension. If you make a mistake in retirement, it can bring financial ruin.

Addressing the Risks of Retirement

There are 21 risks of retirement:

• Inflation
• Frailty
• Interest Rate
• Re-employment
• Timing
• Longevity
• Financial Elder Abuse
• Liquidity
• Employer Insolvency
• Public Policy
• Excess Withdrawal
• Health Expenses
• Sequence of Returns
• Loss of Spouse
• Long-Term Care
• Unexpected Financial Responsibility
• Market
• Forced Retirement
• Cognitive Decline
• Estate Taxation and Distribution
• Use of Housing Wealth (Where to live in your final years)

How important each risk is to you is personal and should be handled on an individual basis. Not all of these risks will bring financial ruin. However, the four biggest risks that will affect most people are:

1. Market
2. Inflation
3. Longevity
4. Health