National Life Insurance Month – Secure Your Financial Future

Life insurance is often overlooked in financial planning despite being a key component of long-term security. National Life Insurance Month in February is an important reminder to evaluate your coverage and protect your loved ones.

Life insurance provides financial security and peace of mind for every stage of life. It helps millennials lock in low premiums, offers families protection for significant expenses, supports young professionals' financial planning, and aids small business owners with continuity and benefits. It’s a key tool to protect your future and those who depend on you.

There are two main types of life insurance: term and permanent (whole) life. Term life insurance covers a specific period, usually 10-30 years, while permanent life insurance offers lifelong protection and may build cash value over time.

Life insurance also plays a vital role in broader financial planning. Here’s how it fits into the bigger picture:

• Retirement Savings:Certain types of life insurance, like whole life or universal life, allow policyholders to build cash value over time, which you can access during retirement.
• Debt Protection:Prevents your loved ones from inheriting burdens like student loans, credit card debt, or a mortgage.
• Estate Planning:Life insurance can help cover estate taxes, ensuring that your heirs aren’t burdened financially.

Think of life insurance as the foundation of a solid financial plan. It provides protection, helps build wealth, and ensures that unexpected financial challenges don’t disrupt your long-term goals.

National Life Insurance Month highlights the importance of protection. Whether you’re a recent graduate, raising a family, or running a business, life insurance enhances your financial portfolio.

February is the perfect time to review or start a life insurance plan—a simple yet powerful way to protect your loved ones and secure their future. Call us today at 815-288-1523 to get started.

Hicks Insurance Agency & Associates, Inc.

311 S Peoria Ave

Dixon, IL 61021

Phone: 815-288-1523

www.hicksinsurance.biz