Prepare Financially For The Unexpected (NAPSA)—Thebest financial plans are not built on stocks or bonds or savings accounts, say the experts; they are built on a solid foundation of life insurance. While every family should prepare financially in the event of the unexpected, the financial needs of a family with young children are vastly different from those of a couple of empty nesters looking forward to retirement. Changing needs is why you need a life insurance plan that is flexible and can address a wide variety of financial needs in addi- tion to providing death benefits, NA hd @ Py we Nh Life insurance policies should be flexible enough to provide for a says Andy Hutchison of Mutual of family’s changing needs over time. into universal life insurance,” want to use a short-pay option in order to pay up the life policy insurance can provide you with a until retirement or beyond. and when you pay your premiums and a way to accumulate cash.” life insurance policies is that they offer a death benefit and an option Omaha. “People should definitely look Hutchison said. “Universal life death benefit, flexibility with how Some universal life insurance policies emphasize guarantees over cash accumulation in order to provide you with additional security. For example, with guaranteed uni- sooner, or make regular payments The beauty of many universal to accumulate cash value that grows tax-free. You can use the cash value to generate an income stream during retirement. Some universal life insurance versallife insurance, you can: policies also offer a wash-loan fea- tion you need. The amount you interest-free loans from the cash * Select the amount of protec- ture, which allows you to take need will depend on factors such value without incurring a tax hit. debt and other insurance already expenses suchas college tuition or a mortgage payoff. Universal life insurance is flexible and adaptable to meet a vari- as your current expenses, income, owned. Select the time span for coverage. Guaranteed universal life insurance allows you to be covered for as little as 20 years or as long as an entire lifetime. Select the length of time you want to pay your premiums. Guaranteed universal life insur- ance lets you decide—you may The loans can be used to fund ety of needs. Be sure to shop around for a reputable insurance company and a sales professional who will work with you to make sure your needs are covered. For more information, visit www.mutualofomaha.com.
