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Interest rates are at historic lows, which is great news if you’re financing a car or buying a house. Not so much when it comes to your return on fixed income investments.
For example, let’s say you want to leave your family enough money to generate an ongoing income of $30,000 per year. With long-term Treasury rates at 6 percent, a $500,000 investment would be needed. With rates at 2 percent, you would need an investment of $1,500,000. That same $500,000 investment at 2 percent interest would yield only $10,000.1
What does this mean to you? Perhaps an unexpected income shortfall for your family.
What can you do? Call me today so we can review your life insurance needs.
Other reasons to review
Just about any life event you can imagine could affect your life insurance needs, including:
Just about any life event you can imagine could affect your life insurance needs, including:
- Marriage or divorce
- A child or grandchild born or adopted
- Significant changes in your health or that of your spouse/domestic partner
- New financial responsibility, such as an aging parent or other relative
- Purchase of a home
- Job loss or change
- Refinancing your home
- Receiving an inheritance
Always review
Even when life is rolling along smoothly and with little change, you’re still wise to review your life insurance needs annually. The Life Insurance Calculator from Farmers Life® can help you do this. Once you complete the analysis, I can help you make sure you have the coverage you want to help protect your family. Don’t let a shortfall catch your family by surprise — plan for the unexpected now.
Even when life is rolling along smoothly and with little change, you’re still wise to review your life insurance needs annually. The Life Insurance Calculator from Farmers Life® can help you do this. Once you complete the analysis, I can help you make sure you have the coverage you want to help protect your family. Don’t let a shortfall catch your family by surprise — plan for the unexpected now.
One more plus: You may be eligible for discounts if you have multiple policies with Farmers — like Life and Auto or Home.2 I can tell you more when we meet.
1Examples are hypothetical and for illustrative purposes only, and are not intended to represent specific investments. Past performance is not indicative of future results. Other factors such as taxes are not reflected in the examples.
2Products and features not available in all states and may vary by state. Contact me to see if you qualify for the discount. Discounts apply to selected property and casualty coverages, perils and policy types only and may vary by state and eligibility.
This document is for informational purposes only.
Life insurance issued by Farmers New World Life Insurance Company, 3003 77th Ave. SE, Mercer Island, WA 98040.
