Life insurance has traditionally been considered as "protection against dying too soon." For a long time it was viewed as a product we purchase becasue we love our family members that will be left behind more than we love ourselves. Some forms of life insurance still accurately fit this description. There are many new types of cutting-egde life insurance products that are designed as much to be a retirement vehicle as they are protection against death.

A good example of these would be a product like indexed based universale life. An indexed based universale life policy builds a cash value over time. That cash value is tied to the performance of one or more market indexes so it can grow rapidly on a tax-deferred basis. The client has the option to redeeem that policy for its cash value and use those funds for reiterement, pay for nursing home care or pay off the Mortgage.

We have found many people carry basic term life insurance. Many agents sell term life insurance as an easy way to make a Commission since the rates are cheap. At Christopher Madden Associates we generally consider term life insurance to be woefully out of step with the times. It has its place in certain scenarios but the statistical facts are that 96% of term life insurance policies never pay a death benefit. Term life is not permanent insurance. The account never builds a cash value and the death benefit is often payable only up to a certain age. Another common scenario is the death benefit is graded and gradually decreases over time. People often either outlive the benefit all together or pass away at an age where the death benefit doesn't leave much for loved ones left behind. For most people, term life insurance is not the best option.

At Christopher Madden Associates we use cutting edge life products that provide our customers permanent life insurance protection in policies that aggressively build a cash value. These policies are as much a retirement planning vehicle as they are protection against death. Contact us today for an assesment of your current life insurance coverage. Let us show you how we can put your life payments to use in a manner that aggressively builds retirement income through the cash value account.

At Christopher Madden Associates we care about your future and the future of your family. We can show you the smart way too use life insurance as a financial legacy builder. Building a financial legacy is something many of us think can only be done with a six figure income. This is not true. All it takes to build a financial legacy is good planning and an affordable allocation of funds into the right vehicle. Call or e-mail us today for a financial analysis. Your Christopher Madden Associates advisor will put together a detailed proposal that shows you how the right life policy can change your financial landscape.