National Retirement Benefits Association

Save money, Make money, Retire early, Retire well


Life Insurance

Individuals utilize Life Insurance policies to effectively transfer the risk of financial loss to a third party due to death. Life insurance carriers take on the financial obligation to pay a specified death benefit in return for premiums paid by policy owners for a set amount of time as defined by a life insurance contract. Life insurance coverage is used in personal financial planning and estate planning, as well as business protection planning for a myriad of reasons, depending on an individual’s specific need for transferring risk. While some may choose to purchase a life insurance policy to replace income, others obtain coverage to secure a lump sum for financial goals that are not yet fully funded, such as a child’s education or retirement savings.

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