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Breta Grumbois, CRPC®
Vice President, Wealth Management
Fibre Financial Group
Retirement and Investment Services
Located at Fibre Federal Credit Union
822 Commerce Avenue, Longview, WA 98632
Phone: 360-414-4223
Email: bgrumbois@fibrecu.com
July/August 2024
Do You Need Life Insurance?
If you’ve just finished college or earned a graduate degree, purchasing life insurance is probably the last thing on your mind. Not everyone needs life insurance when they’re young. But there are times when life insurance makes sense, even though you’re still in your 20s or 30s.*
You Have Debt
College loans or other significant debt that a parent, grandparent, or someone else has cosigned for can leave that person on the hook for repaying the loan if something were to happen to you. Purchasing a life insurance policy and naming the cosigner as the beneficiary allows the person to use the policy’s proceeds to pay off the loan balance.You Have Dependents
If you have a family that depends on your income or you’re a stay-at-home caregiver for a child or older relative, life insurance can ensure that loved ones have the financial resources to maintain their standard of living in the event of your death. Policy proceeds can pay child or elder care costs, higher education costs, funeral and final expenses, and outstanding debts.You Want to Leave a Legacy
Life insurance proceeds can be used to benefit a charity whose mission is important to you. Naming an organization or organizations as beneficiary(ies) of your policy will ensure the policy’s death benefit is used to support the causes you have chosen.The Youth Advantage
Buying a life insurance policy when you’re relatively young and healthy generally means your premiums will be lower than if you wait to purchase a policy when you’re older. Term life provides coverage for a specific number of years, so choose the longest term for which you’ll need coverage.Your financial and insurance professionals can help you decide if life insurance is appropriate for your situation.
*Applications for life insurance are subject to underwriting and require paid premiums for coverage. Accessing cash values may reduce the death benefit and policy values, trigger tax consequences, surrender fees, and charges, and may require additional premium payments to maintain the contract. Guarantees are based on the claims-paying ability of the issuer.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Fibre Federal Credit Union and Fibre Financial Group Retirement and Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Fibre Financial Group Retirement and Investment Services, and may also be employees of Fibre Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Fibre Federal Credit Union or Fibre Financial Group Retirement and Investment Services. Securities and insurance offered through LPL or its affiliates are:
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