Life Insurance Awareness Month

by | Aug 26, 2021 | Business News

As we continue to witness the impact of COVID-19, we are reminded of the fragility of life and the need to prepare for the unexpected. It is imperative to address this grim reality to develop a cohesive financial strategy – not only as a sense of security, but to leave behind a legacy for the people and organizations most important to us. In recognizing Life Insurance Awareness Month, we are illustrating the ways a life insurance policy can be utilized as part of one’s financial plan:
Income Protection Life insurance provides additional income for loved ones to assist with funeral costs, final expenses, paying off any remaining debt, and replacing income to help with essential costs after passing.
Maximizing Your Legacy Many people also purchase life insurance with the intention of leaving it as an inheritance for loved ones. The policy helps maximize the assets passed along to heirs and the funds are typically given to beneficiaries tax-free. People also donate their policy to charitable organizations important to them by naming them as either owner or beneficiary.
Long-Term Care Costs Policyowners may also have the option to utilize their life insurance to assist with costs associated with long-term care through a hybrid life/LTC plan or accelerated death benefits.
To ensure your life insurance policy provides the appropriate coverage suitable for your intentions, we encourage you to connect with us at (661) 297-7566 or visit
Pierson Wealth Management is located at 28368 Constellation Rd., Ste. 396, Santa Clarita, CA 91355. Securities and advisory services offered through Cetera Advisors LLC (doing insurance business in CA as CFGA Insurance Agency LLC), member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. CA Insurance Lic# OC92500.


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