WORK WITH A QUALIFIED INSURANCE PLANNER NEAR NORTH PHOENIX, AZ AND THE SURROUNDING AREAS

Life insurance is an important consideration for a person of any age who provides for their loved ones financially. The financial planners at Mosaic Wealth Solutions can help you choose an insurance strategy that makes sense for your situation and aligns with your goals. Our advisors can help you determine if certain life insurance products can address your needs.

The main purpose of a permanent life insurance (whole, universal, indexed, or variable universal life) policy is to provide a death benefit. It is not a short-term savings vehicle nor is it ideal for short-term insurance needs. It is designed to be long term in nature and should be purchased only if you have the financial ability to keep it in force for a substantial period of time.

Life insurance coverage needs may change if your personal situation changes. For example, if you get married, have a child or get a promotion, you may want to increase your coverage. Make sure that these strategies and products are suitable for your long-term life insurance needs. Also, make sure you are able to continue premium payments so your policy doesn’t lapse if the market declines.

Keep in mind that taking money from your policy immediately reduces both the cash value and the death benefit payable, and can cause the need for more premiums to be paid into the policy in the future. Policy loans are made at interest, which if unpaid will compound over time. Failure to repay loans may cause your policy to lapse. If a lapse occurs, loans may subject to income taxation. You should always take care to ensure that your life insurance needs continue to be met over time subsequent to taking cash from your policy.

There are fees and charges for variable life insurance coverage, including a cost of insurance based on characteristics of the insured person, such as gender, health and age. There may also be underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs. Investing involves risks, including possible loss of principal.

All Guarantees protections are subject to the claims-paying ability of the issuing insurance company. They do not apply to the investment performance or safety of the underlying investment options.

Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from the issuing insurance company or your financial professional. Before investing, you should read the prospectus carefully and consider investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information.

Index universal life insurance is not a security, and index universal life insurance policies are not an investment in the stock market or in financial market indexes. Index Account Interest is based, in part, on index performance. Past performance of an index is not an indication of future index performance. There is no guarantee that any Excess Index Interest will be credited above the guaranteed minimum interest rate for the Index Account(s). Additionally, there is no guarantee that the company will declare an interest rate greater than the guaranteed minimum interest rate for the Basic Interest Account.