TR_March_2021

STRATEGY

LIFE INSURANCE

Permanent Life Insurance and Your Financial Plan

HOW LIFE INSURANCE CAN PLAY A ROLE IN REAL ESTATE INVESTING

by Chad Esslinger

a real estate investor, it’s highly likely that your financial portfo -

that made sense. Here’s what you should know.

estate — is to liken term life insur- ance to renting a home and perma - nent life insurance to owning a home. With term life insurance, you pay monthly or yearly premiums for a set number of years, could be 5, 10, 15, maybe 20 years, depending on your insurability. If you die during that time frame, your insurance company will pay out the death benefit to your beneficiary. However, if you don’t die during the

As

lio is impeccable. You likely are used to gauging the short- and long-term possibilities, and you probably think you have planned for every scenario. There is one cornerstone, however, that you might have overlooked: per - manent life insurance. Perhaps you’ve heard about it before, but the benefits weren’t clear or it wasn’t explained in a way

RENTINGVS. OWNING But I already have life insurance, you might be thinking. Chances are, it could be term life insurance — not permanent life insurance. What’s the difference? The easy way of looking at these options — and to bring it back to real

62 | think realty magazine :: march 2021

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