Does Life Insurance Add to Your Net Worth?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

When it comes to life insurance, there are a lot of misconceptions out there. One is that life insurance doesn’t add to your net worth. This couldn’t be further from the truth! This guide will discuss how life insurance can help you increase your net worth and protect your family’s future.

Does Life Insurance Make You Richer?

One of the biggest misconceptions about life insurance is that it doesn’t make you any richer. This couldn’t be further from the truth! However, life insurance can be a great tool to help you build your wealth. Here’s how:

As you can see, life insurance can help you increase your net worth. So it’s not just a way to protect your family if you die; it’s also a tool that can help you build wealth.

Life Insurance Net Worth

Do You Need Life Insurance?

Now that we’ve dispelled some of the myths about life insurance, let’s talk about whether or not you need it. Of course, the answer to this question is different for everyone, but there are some general guidelines you can follow.

  • If you have young children, you should consider life insurance.
  • If you have a mortgage, you should consider life insurance.
  • If you have any other debts, you should consider life insurance.
  • If you’re the breadwinner of your family, you should consider life insurance.

These are just some general guidelines, but ultimately the decision of whether or not to purchase life insurance is up to you.

Next Step

Like most people, you probably think of life insurance as only necessary if you have a spouse and kids. But the truth is, life insurance can be a great way to add to your net worth and protect your family’s future – even if you’re single or don’t have any children. And thanks to the internet, it’s easier to research policies and find the right one for you. So before you put off buying life insurance any longer, contact us for a quote. We can help you find a policy that fits your needs and budget.

Does Life Insurance Add To Your Net Worth

Need Help Getting Life Insurance Coverage?

Contact us if you need help purchasing a life insurance policy. The service is free of charge.

Life Insurance Inquiry
First
Last

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

Scroll to Top