What are You Doing With Your Tax Refund?

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Posted on 15th March 2011 by Rita in Life Insurance |TERM Life Insurance

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As I mentioned in last years post “Average Tax Refund and Life Insurance” the average tax refund was $3036. According to CNNMoney.com this has risen slightly in 2011 to $3129.

Planning ahead is key when it comes to Life Insurance. I’m still baffled at the amount of requests I receive from individuals or family members with a love one who is very ill and now see the need for Life Insurance. Naturally an illness puts people into a planning mode and wanting to prepare the best they can

 

Life Insurance is like any other insurance. You must obtain it before you need it. We are not able to call up our Insurance Agent and tell them I think I’m going to drive crazy today and possibly have an accident so I need car insurance in order to have my car replaced. Obviously a person can never be replaced… Life Insurance is about replacing the income this person provided and eliminating financial hardship.

Planning every year to use your tax refund to make the yearly payment on your Life Insurance policy is smart in many ways.

  • Save when paying your premium payment yearly as opposed to monthly
  • Using your tax refund takes the sting out of paying monthly
  • You don’t have to worry about this payment for an entire year
  • You have the comfort knowing your loved ones will be taken care of
  • Your loved ones will be Very Grateful the you cared enough to pre-plan for them
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Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
View INSTANT Term-Life Quote: www.insureyourfamily.com
If you prefer to speak with a local financial representative, call or email your request and you will be connected with a representative in your area.
Contact info: Phone: 800.541.5858 Email: rita.sollie@nclife.com or Live Chat below.

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