Business : Reasons for Life Insurance

Randy Stein

While reasons for having life insurance may vary as you progress through the stages of life, it is an important component to your financial foundation at any age. Life insurance can provide a benefit while you’re living and help provide for your family and/or business after you’re gone. Families with young children usually have a need for life insurance, but other reasons for having life insurance include:

· Owe on a mortgage or other debts –

Proceeds from a life insurance policy can help your loved ones with financial responsibilities you may have accumulated, such as a mortgage, education costs, auto payments, credit cards, etc.

· Own a business –

Life insurance proceeds can assist your spouse or business partners with maintaining financial control or transferring your assets – including your business - in the event of your death.

· Have loved ones who depend on your financial support –

In the event of your death, life insurance benefits can help your loved ones with ongoing or future financial responsibilities, such as income replacement, daily living expenses, childcare costs or financial support for aging parents.

Keep in mind that younger, healthier individuals can generally secure coverage at more affordable rates, plus buying permanent coverage can guarantee protection should you become uninsurable in the future.

Contact me to discuss how life insurance can benefit you, your family or your business. I can help you select a policy that is right for you.

Tips brought to you by Farm Bureau Financial Services. For more information about products and services, call Randy R. Stein CLU, ChFC, LUTCF at (319) 472-5231 or stop by the office at 1105 West 9th Street in Vinton.

Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services

Contact: Farm Bureau Financial Services

Randy R. Stein CLU, ChFC, LUTCF

(319) 472-5231