Hagen M. Pruemm, RICP®

CONNECT

Address:

5407 Trillium Blvd. Suite 260
Hoffman Estates, IL 60192

Phone:

(847) 551-5065

Fax/Other:

(888) 696-3428

Life Insurance

Why Life Insurance?

Cash received from a life insurance policy (the death benefit) can help your loved ones cover immediate expenses such as the mortgage or any other outstanding bills. Life insurance gives many people the peace of mind of knowing that their family's financial future is secure when they are no longer around to provide for them.

Here are some examples of why people buy life insurance:

  • To supplement their own retirement income. Life insurance can have the potential to build cash value, which can be used as an additional income source during retirement.
  • To cover immediate final expenses. During the emotional times of a loved one's passing, a final expense life insurance plan can help reduce or eliminate the financial burden on the family when they already have many other concerns.
  • To leave a legacy. If you want to leave money for a grandchild's college education or to your favorite charity, legacy planning with life insurance can help you achieve and maximize your goals.

There are many more reasons why life insurance should be an important part of your portfolio. Contact us to speak with one of our licensed professionals to find out what type of life insurance plan is right for you.

 

 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck