The AFI GroupOwning a business in the U.S. is an integral factor of our economy. In fact, the U.S. has 28.8 million small businesses, comprising 99.7% of all business in America.1 And while risks abound in entrepreneurship, owners can take measures to protect themselves and their companies by purchasing life insurance. Here are some essential ways that life insurance can help business owners:
The AFI GroupWhen purchasing a life insurance policy, you can opt to add on different benefits to a standard policy and expand your coverage. These riders help you customize your protection for supporting your family’s unique needs. Different life insurance riders exist on the market, and not every person needs every benefit. To help guide your options, here are some common riders to consider:
The AFI GroupSeptember is Life Insurance Awareness Month, which aims to increase awareness about the importance and helpfulness of having life insurance coverage. Over the years, life insurance has become an essential way to protect one’s financial life. In fact, 84% of people believe that the majority of people should have life insurance.1 Yet, 40% of people haven’t bought life insurance or increased their coverage because they don’t understand the options or how much they need for protection.2 In honor of the month, here are some facts about life insurance to help you better understand it’s history and coverage.
The AFI GroupOur lives inevitably change requiring us to evolve with the momentum. And for those holding life insurance policies, keeping your policy up-to-date and relevant to your life is essential. A variety of events can come our way at any moment, so remember to take steps and ensure your accounts reflect today’s needs.