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  • Writer's picturejimmy ting

Buy Life Insurance in March - The Asset Management Month


Not too many people realize what a powerful asset protection vehicle life insurance can be. Many don’t understand that the investment inside of a life insurance policy grows income tax-free and may be accessed at any time with the condition that the policy doesn’t lapse. In addition, the investment options are extremely broad and may be self-directed by the policyholder.

Since March is Asset Management Month, now is the time to ensure you have the right life insurance in place. Life insurance can protect your family and estate in a number of ways, including:

Pay final expenses

The cost of a funeral and burial can easily run into the tens of thousands of dollars. Most family members don’t have this cash lying around. Life insurance ensures the family needn’t suffer financially in addition to emotionally at the loved one’s death.

Cover children’s expenses

Like most parents, you want to be sure your kids are taken care of and can afford college. For this reason, additional coverage is absolutely essential while kids are still at home.

Replace the spouse’s income

If the stay-at-home parent passes away, the living spouse will need to hire services to handle the domestic tasks such as cleaning the house, doing the laundry, cooking, and taking care of the children. This extra expense could easily wear on the single income.

Pay off debts

In addition to providing income to cover everyday living expense, the living family will need insurance to cover debts like the mortgages so that they don’t have to sell assets to stay solvent.

Pay off estate taxes

Estate taxes can be steep, so having insurance in place to pay them is essential to avoid jeopardizing assets or funds built for retirement. Permanent life insurance can benefit large estates, while ensuring the coverage remains until the end of life.

For more information about Life Insurance call JCT Insurance Agency at (626)354-2000 or email

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