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September is Life Insurance Awareness Month
 According to the 2016 Insurance Barometer Study by Life Happens and LIMRA, 40% of people haven't bought life insurance or the right amount of life insurance because they're unsure of what type or how much to buy. Sadly, this study also found that approximately 1 in 3 households would have immediate trouble paying living expenses if the primary wage earner passed away.
If these statistics have you thinking about the financial situation your family would be in should the main provider in your family pass away, there's no better time to review your current financial situation and life insurance needs with a financial advisor than as we embark on Life Insurance Awareness Month in September.
Not only can life insurance be a way to leave money to future generations or to cover your final expenses, it can also be a critical tool to help you provide for your family. A life insurance policy will prevent a rapid drop in income if you or your spouse passes away. Having a properly funded life insurance policy can provide stability, income replacement, tax advantages, and easy distribution among heirs, as well as offer mortgage protection and college funding options. Without the added stress caused by financial burdens like mortgage and tuition payments, your family can focus on healing emotionally after the loss of a loved one.
When it comes to discussing life insurance and other investment products, the advisors at Chelsea Groton Financial Services take a holistic approach to discussing each option that could suit your needs. Based on your age, health, family and financial situation, as well as your goals for the future, they will make recommendations for the appropriate products that will help your family maintain their lifestyle should the main provider no longer be able to support the family.
If you'd like to meet with the advisors from Chelsea Groton Financial Services during Life Insurance Awareness Month, or anytime you are ready to discuss how to best protect your family in the future, please visit chelseagroton.com or call 860-572-4040.
About Chelsea Groton Financial Services
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA / SIPC. Chelsea Groton Financial Services is a trade name of Chelsea Groton Bank. Infinex and the Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
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