Is it time for you to start the conversation?

Is it time for you to start the conversation? -

Only 49% of Americans who have financial advisors and financial plans have already discussed with their advisors by adding life insurance to their plans, according to a study conducted by Saybrus Partners Inc. in collaboration with Harris interactive.
Although almost half of the study participants say they have talked to their advisors on life insurance, 15% said that the conversation took place there over 10 years. Think of how life and the need for change in a decade. Only 40% said they talked to their financial advisor about life insurance in the past year. In addition, 47% of participants reported that their advisors have never reviewed their existing life insurance coverage.
Only 24% of participants reported that their advisors have recommended adding life insurance to their financial plans, and only 10% said that their advisors have recommended adding long term care insurance .
The investigation confirmed statistically that financial advisors often do not discuss life insurance during the financial planning process. The question I is why?
Life insurance is one of the best money creation tools ever invented. With a few cents and a drop of ink, the life insurance company creates a life insurance policy with a promise to pay at a later date. If you buy whole life insurance, it comes with an annual value of guaranteed increase in cash, which in today's market, provides security and peace of mind exceptional.
If your advisor has not talked to you about life insurance, maybe it's time for you to be proactive and start the conversation. You and your family will be glad that you did.