The Importance of Life Insurance Within a Diversified Portfolio

Led by Chris Lawson, Insuraty, Inc., is a Maryland-based provider of coordinated, business-focused services. Working closely with clients, the Insuraty, Inc., team develops HR and insurance tailored to specific workforce needs. The company emphasizes the importance of sound life insurance policies in place that enable employees to feel confident in their financial portfolio and quality of life. 

One common misconception is that life insurance only becomes important when one dies. This is far from the case, with some policies providing benefits while the beneficiary is still living to reduce debt or pay for college. 

Keep in mind it pays to start young with insurance coverage, as terms tend to be the least expensive when one is relatively healthy and with a low chance of serious illness. Some premiums can amount to as little as a dollar a day, increasing gradually as one ages.

Insuraty, Inc., brokers emphasize life insurance is also critical when planning to pass on assets such as a house, vehicle, or antiques to loved ones. Unfortunately, these inheritances are considered taxable, and the amount taken can be substantial. With a well-thought-out insurance policy in place, the death benefit can often be passed on to the beneficiary tax-free. 

Life Insurance is also critical in providing proper diversification in a portfolio, as it offers a large degree of security in case the unexpected happens in one’s life, or the market takes a downturn.