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The Companies We Work With
Below is a list of some of the insurance carriers we work with at Michigan Health and Life. For more information, or if you do not see a company that you are looking for,
please contact us
Below is a list of some of the insurance carriers we work with at Michigan Health and Life. For more information, or if you do not see a company that you are looking for,
please contact us
7-Reasons To Buy Michigan Life Insurance
by Mike Novelli February 25, 2010
by Mike Novelli February 25, 2010
Michigan life insurance policy accommodates those unforeseen extenuating circumstances. The underlying reason to purchase a Michigan life insurance policy is to leave a financial contingency for loved ones. Regardless of marital status, seven situations call for obtaining a Michigan life insurance policy including:
Financial obligations. Married couples often purchase a life insurance policy as a financial cushion to cover expenses in the event of tragedy. Most married couples assign each other as the life insurance’s beneficiary.
Divorce decree. Financial obligations do not change when couples divorce. As a result, life insurance may be a consideration of the divorce decree. Moreover, in cases where one ex spouse pays child support, a Michigan life insurance policy offers protection for the parents or children in the event of a misfortune.
Single parenting. A Michigan life insurance policy serves as an income replacement, if something should happen to a single parent—at least their dependents are covered.
Other dependents. Life insurance also protects other family members who are financially dependent (in example: siblings, parents, spouse) upon the household’s breadwinner. Additionally, a Michigan life insurance policy is an easy means for creating an inheritance for beneficiaries.
Estate taxes. Quite often, consumers opt for a life insurance policy to offset heir’s estate taxes. In this case, a Michigan life insurance policy would ensure that the heirs don’t have to settle for a reduced inheritance or liquidate other assets.
Final arrangements. In the event of death, a Michigan life insurance can cover funeral, burial, other estate administration costs and, remaining debts.
Forced savings. When the death benefits are not paid out, certain Michigan life insurance programs have a cash value policy, allowing the accountholder to borrow or withdraw from the plan. Even more appealing is that the interest carries a tax deferred, interest; however, not all policies carry the same benefits.
Serving: IL, MI, OH, WI
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