Financial decisions can be challenging for anyone, and one of the most important decisions is whether to purchase life insurance. If you live near Woodbury, MN, our team at Kriener Insurance invites you to visit us to discuss your life insurance options. We’ve been serving clients like you since 2013.
Life Insurance and Estate Planning
While it may be difficult to think about the time you will pass away, planning how to distribute your estate is a vital part of caring for your family. According to the University of Minnesota Extension, life insurance can provide the necessary funds to cover funeral and burial expenses. You can choose between term life insurance or whole life insurance to provide financial support for your family. One of our agents will be happy to explain the differences between these policy types.
If you want to access the cash value of your life insurance before your death, you can convert your policy into an annuity at retirement or if your retirement savings run low. It’s important to note that death benefits are included in the estate of the policy owner. Consulting an estate lawyer who can work alongside your insurance agent may help ensure the right coverage for your family at the time of your passing.
Contact Us Today for Your Appointment
When making long-term plans, a life insurance policy should be a significant part of those plans. Our team at Kriener Insurance can help you learn about and select the right type of insurance policy for your needs. Clients in the Woodbury, MN area trust us to provide reliable insurance solutions. Call us today to schedule an appointment, and let’s work together to find the best insurance options for you.
