Term Life vs. Permanent, which is right for you?

You know you need life insurance. But how much? Which kind? And for how long? Mike and Patrick share their opinions on how to address the financial risks associated with death and whether life insurance can also be an investment.

Opinions expressed are those of Patrick Stoa and Mike Macco and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. Investing involves risk and investors may incur a profit or a loss. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.

Examples provided are hypothetical illustrations only, actual investor results will vary. Life insurance policies have exclusions and/or limitations. The cost and availability of life insurance depend on factors such as age, health and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition if a policy is surrendered prematurely, there may be surrender charges and income tax implications. Guarantees are based on the claims paying ability of the insurance company.
Recorded in Tax Year 2017