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Why You Can't Just Rely on Your Life Insurance From Work

I've been selling life insurance for over a decade and whenever I bring up Life insurance with most of my client's they immediately dismiss it. They'll say "Oh I don't need it" or "I already have it from work." A mistake I see a lot of people is holding off on it, because most people see it as an expense, rather than an asset and the rates get higher when you get older.

Depending on how long you wait, you may not even qualify if you have health issues. Get a personal policy as young as you can, so you'll lock in a low rate and give your policy more time to earn compound interest and build equity also called "cash value." You can access the "cash value" in the future to supplement your retirement and use it anyway you want. Depending on how you set it up, the earnings are also "tax-free."

The life insurance benefit you get from work is only temporary, because you only have it while you're employed and if you were to go you to heaven while employed the life insurance benefit is taxed at ordinary income $50,000 and up.

A personal policy death benefit is 100% tax free, up to the estate tax limit.

If you've been holding off on getting life insurance, I would highly recommend speaking to a licensed agent to see what type of policy suits you.

"Life insurance is the most important insurance you can get, because you are irreplaceable."

Don't wait until it's too late.

If you'll like a life insurance consultation, please contact Jimmy Cheung at


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