Prosperity Financial Group Logo

Everyone Hates Life Insurance, Until the Check Arrives

father walking along the road holding blonde toddler daughter's hand

Share This Post

The most disliked words in the investment and insurance world must be “Life Insurance.” 

In survey after survey, life insurance salespeople are ranked just ahead of used car salespeople and attorneys.  

Of course, they still rank significantly better than our members of Congress.

The Reality

The proceeds from a life insurance contract can be the difference between drowning in debt to feeling that someone cared enough to help them maintain a certain way of life. 

It does not matter whether the life insurance contract was a Term Contract, Whole Life, Index Life or Group Life insurance. They all pay upon death, and death is never timely, even at age 100. We all want our parents to live forever, spouses to never die and loved ones to never grieve.  

Here are 5 ways life insurance can be a powerful asset to your financial plan.

Reason #1: To maintain quality of life

First spouse passes away while everyone is working and paying bills. Suddenly, the income to the remaining spouse now drops dramatically.

Question, what happens if the remaining spouse or partner can no longer afford the mortgage or expenses? 

Now the house must be sold, everyone uprooted, etc. 

Imagine if the deceased spouse left enough money to pay off the mortgage or leave a comfortable cushion for the surviving spouse to enjoy a positive way of life.

Reason #2: To unlock the opportunities of higher education

Parent passes away before the children go to college. 

Imagine your death being the reason why your children cannot afford the college of their dreams.

Life Insurance can make all the difference here and term insurance could cost pennies on the dollar to cover college or keep your family in the same home.

Reason #3: To buy extra time in complicated situations

Surviving parent passes away with a complicated trust and investments from her marriage.  

This unwinding of the estate could take months or even years.  Life Insurance proceeds will pay out fairly quickly and give a smooth runway to handle the complications presented.

Reason #4: To keep the family peace

The parents leave real estate and/or the business to one child and want to find a way to compensate the other children. 

Life insurance proceeds can be used to balance the estate plan and not cause the potential bitter breakup of your family.

Reason #5: To make a lasting philanthropic impact

Most folks don’t have an estate tax issue where life insurance is required. But they may have a desire to leave their favorite charity money and have a positive impact upon others with their death.  Your life insurance proceeds could change lives for a charity and the premiums could be 100% tax deductible.  

There are many other examples I can give. Please speak with your Financial Advisor to find how to use the most creative and useful tool of life insurance to change lives should the need or situation arise.

For more information, please contact me at 925-314-8503 or

All my best,

Elliot Kallen

Expert Insights

Elliot Kallen Signature 5

Did you enjoy this read?

We’d love to hear from you.

To explore these topics further and discover how they impact your financial journey – reach out for a personalized conversation.

Prosperity Financial Group Logo

Allow us to help

As your Fiduciary Registered Investment Advisory firm, we’re bound by law to put your interests above our own. We’re committed to maximizing your wealth within the constraints of your values and your life goals.

Our team of qualified and experienced experts is dedicated to building a positive, long-term relationship with you.

Register for Prosperity Power Hour

Enjoy food and beverages, meet other successful professionals, improve your referral base, and win fun door prizes!

Because of the intimate nature of this event, we’re taking a very limited number of attendees per event. These seats will go fast, so grab one while you can!

Bringing a +1? Please have your guest fill out this form.