{"id":60,"date":"2018-03-31T21:09:39","date_gmt":"2018-04-01T03:09:39","guid":{"rendered":"https:\/\/www.fidainsurancegroup.com\/blog\/?p=60"},"modified":"2018-03-31T21:09:39","modified_gmt":"2018-04-01T03:09:39","slug":"how-life-insurance-can-protect-your-beneficiaries-in-monroe-ct","status":"publish","type":"post","link":"https:\/\/www.fidainsurancegroup.com\/blog\/how-life-insurance-can-protect-your-beneficiaries-in-monroe-ct\/","title":{"rendered":"How Life Insurance Can Protect Your Beneficiaries in Monroe, CT"},"content":{"rendered":"<p>Life insurance is vital to estate planning. It lets you preserve your wealth, provide for\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"dependants\" data-scayt-lang=\"en_US\">dependants<\/span>\u00a0or your\u00a0spouse, and\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"ensures\" data-scayt-lang=\"en_US\">ensures<\/span>\u00a0there&#8217;s\u00a0money available for\u00a0taxes and debts. Keep reading to learn how to protect your beneficiaries with life insurance. Feel free to contact your\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"Fida\" data-scayt-lang=\"en_US\">Fida<\/span>\u00a0Insurance Group agent for more information on your specific situation.<\/p>\n<h2><strong>Estate Planning for Financial Dependents<\/strong><\/h2>\n<p>If you are the primary wage earner in your\u00a0household, life insurance can replace your income. This is especially\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"importatnt\" data-scayt-lang=\"en_US\">important<\/span>\u00a0if you still have a large mortgage or other debt. Even if you have a\u00a0lot of cash, it&#8217;s a good idea to get enough life insurance to cover a few years of income. This gives your spouse and children liquidity and time to make any changes needed to preserve their lifestyle or scale down.<\/p>\n<h2><strong>Estate Planning with Young Kids or Special Needs Children<\/strong><\/h2>\n<p>To protect\u00a0very young or disabled children,\u00a0life insurance is imperative. You should\u00a0consider term life insurance policy to cover children until they turn 18. For special\u00a0needs children, you may need up to a\u00a030-year term or get\u00a0whole life insurance policy to cover their needs. You can set up a trust to control the disbursement of the inheritance for disabled or young children.<\/p>\n<h2><strong>Estate Planning for Business Owners<\/strong><\/h2>\n<p>If you co-own a business, consider a buy-sell agreement that is paid for with life insurance. In this agreement, the\u00a0surviving partner uses a life insurance policy to buy out any\u00a0heirs to preserve control over the\u00a0business. This protects\u00a0your business partner against unqualified heirs becoming involved in the day-to-day operations and protects your business from insolvency.<\/p>\n<h2>Contact Us<\/h2>\n<p>Feel free to contact\u00a0<span class=\"scayt-misspell-word\" data-scayt-word=\"Fida\" data-scayt-lang=\"en_US\">Fida<\/span>\u00a0Insurance Group in Monroe, CT today\u00a0for life insurance questions or to make an appointment for a quote.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Life insurance is vital to estate planning. It lets you preserve your wealth, provide for\u00a0dependants\u00a0or your\u00a0spouse, and\u00a0ensures\u00a0there&#8217;s\u00a0money available for\u00a0taxes and debts. Keep reading to learn how to protect your beneficiaries with life insurance. Feel free to contact your\u00a0Fida\u00a0Insurance Group agent for more information on your specific situation. Estate Planning for Financial Dependents If you are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60","post","type-post","status-publish","format-standard","hentry","category-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":1,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"predecessor-version":[{"id":61,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions\/61"}],"wp:attachment":[{"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fidainsurancegroup.com\/blog\/wp-json\/wp\/v2\/tags?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}