Life Insurance: In Case You Live
Aug 02, 2016 11:22AM
As a local Farmers Insurance agent in Tucson, Don Cox helps clients identify the insurance coverage that best fits every individual’s needs. In this straightforward and personalized process, Cox uses his knowledge and experience to help clients better understand their coverage options for the most important policy he offers—life insurance.
Farmers’ life insurance policies can be customized to fit one’s particular needs at any stage of life—including policies that are designed to allow the insured to benefit financially while continuing to live into retirement.
In the event of living a long, healthy life, certain policies may contain a living benefit that can: provide tax-advantaged income that can be used to supplement Social Security and other retirement accounts; leave a legacy of generational wealth to beneficiaries; and continue to provide peace of mind that beneficiaries will receive a tax-free lump sum payment in the future.
When the time comes, life insurance benefits can: pay for funeral costs; help pay the bills and replace lost income; pay off outstanding debt, including credit cards and the mortgage; continue a family business; finance future needs like children’s education; or protect a spouse’s retirement plans.
“When purchasing life insurance, it is important to focus on the ‘why’ behind the decision,” says Cox. “Once we have a clear focus, we can begin to work together toward your goals.”
Don Cox has lived in Tucson since 1988 and is a graduate of the University of Arizona. When not helping clients, he enjoys spending time with his wife and daughter. For more information, call 520-789-7234, email [email protected] or visit Agents.Farmers.com/AZ/Tucson/Donald-Cox.