Preservation Wealth Management Retirement and Income Planning Life Insurance

We help individuals and families pursue their ideal retirements.

Life Insurance Advisor in Montgomery County, PA

At Preservation Wealth Management, our life insurance advisors serve clients throughout Montgomery County, Chester County, Delaware County, Bucks County and Lehigh County, PA. Working with a life insurance consultant helps you become familiar with the options available to you if you want to utilize life insurance to pay for long-term care or leave something behind for those you love.

Types of Life Insurance

Whole life insurance is sometimes called straight life insurance. It remains active for your whole life, as long as you pay the premiums. These policies have a maturation date; once you pass the maturation date, most of these policies continue even if you no longer pay a premium.

Term life insurance lasts for a limited time while you pay the premiums.

Universal life insurance is a permanent life insurance where the premiums you pay can build up and can earn interest. You can alter the premium payments and pay more or less depending upon the policy.

Indexed Universal life insurance is universal life insurance that can grow an account value and credit interest based on the performance of an external stock index, dependent on policy provisions.

Variable universal life insurance offers the same death benefit protection as the others but part of your premium is invested directly into the stock market with grouped investments, similar to mutual funds.

Life Insurance Service

With Life insurance, you set up a life insurance policy for your survivors in the event of your death. Since this is something you do for your family, you want to get it right. Whole life insurance policies sometimes have a cash value component that you can collect after the maturation date. However, it can also be more expensive than term life insurance or universal life insurance.

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How Much Life Insurance Do You Need?

Consider the financial needs of your family. You need enough coverage to replace your income so your family can maintain their lifestyle. Life insurance should ideally cover your burial costs, as well as any debt left behind in your estate — it all comes down to choosing between temporary and permanent coverage.

Term insurance lasts for a specified period. Many families in Montgomery County choose this insurance to make sure that their spouse is covered while young children still live at home. Once the kids are out of college, you no longer need the coverage. Most term life policies include a steady premium. So you pay the same amount throughout the term of the policy.

On the other hand, some clients choose whole life or universal life policies that cover them as long as they keep paying the premiums. You might choose this policy if you remarry late in life and want to make sure your spouse will be financially secure if you pass away.

Wealth Management in Chester County

Life insurance is just one aspect of wealth management. Preservation Wealth Management advisers can help you with comprehensive wealth accumulation services. We offer retirement income strategies and tax planning services that can save you money and help you build a sizable estate. Additionally, our asset protection planning ensures that you keep the wealth you accumulate for a comfortable retirement.

Life Insurance Consultant in King of Prussia

You can utilize life insurance to pay for long-term care or safeguard your family's financial security, even if you pass away. Contact us today to make an appointment. We have helped many other families build their wealth in Montgomery County, Chester County, Delaware County, Bucks County, and Lehigh County, PA.

Ready to Take The Next Step?

For more information about any of our products and services, schedule a meeting today or register to attend a seminar.

Or give us a call at 610.768.7789.