Portland Life Insurance Planning Attorneys
Helping Our Clients Gain Peace of Mind
If you pass away unexpectedly, life Insurance is a way that you can protect your family. By making monthly payments to a life insurance company, you can ensure that the beneficiary of your life insurance will receive benefit claims that essentially replace your income after you’ve passed. At Pacific Cascade Family Law, we can help you create a legal plan to ensure your loved ones obtain the benefits from your policy.
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While anyone can get life insurance, it is typically recommended for people who have someone in their life who financially depends on them, and who wouldn’t be able to support themselves without help. A dependent often refers to children, but it can also extend to a spouse, elderly parents, siblings, or a disabled family member in your care. Generally speaking, the younger the children, the greater need for life insurance.
There are a variety of different types of life insurance plans, which is why it’s important to have a thorough understanding of all options available. For example, there are universal life, whole life and term life insurance policies. Life insurance policies can also render benefits while you’re living, and can help fund your lifestyle once you’ve retired, or are in need of extra income due to certain circumstances. For a comprehensive list of your options, speak with one of our estate planning attorneys today. We can thoroughly discuss your options and help you create a policy that would work best for your situation.
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If you are hoping to set up a life insurance policy, our attorneys can help explain your options, and ensure that you are set up with a plan that is best suited for you and your family’s needs. It’s important that your life insurance policy not add a tax burden to the named beneficiary, which is why consulting with an attorney can be invaluable.
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