Joe Jaspers photo

Joe Jaspers, CFP®

Vice President, Wealth Management

 

Carolinas Telco Capital Advisors

Located at Carolinas Telco FCU

9813 South Blvd, Suite 101

Charlotte, NC 28273

 

Phone:     704-391-5600

Toll Free: 800-622-5305, ext. 2608

Fax:         704-556-1652

 

Email: joe.jaspers@lpl.com

July/August 2021

Life Insurance Roles

Life insurance is versatile and can play a variety of roles in a financial plan.


Tap Your Policy’s Cash Value.
You can supplement your retirement income by accessing your policy’s cash value or borrowing against it. Remember that loans and withdrawals may reduce the amount of the policy’s death benefit.


Include an Accelerated Death-Benefit Rider.
You can use the policy’s death benefits if you’re diagnosed with a terminal illness that will substantially shorten your life. Using the benefit will reduce the death benefit for your beneficiaries.


Leave a Legacy.
Life insurance can be used to benefit loved ones or to make a charitable donation to an organization that’s important to you.


Replace Lost Income.
Social Security and pension benefits typically stop at your death, potentially leaving your spouse with an income deficit. Life insurance proceeds can make up the shortfall.


Pay Final Expenses.
Life insurance proceeds can be used to pay your funeral expenses.


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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Carolinas Telco FCU and Carolinas Telco Capital Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Carolinas Telco Capital Advisors, and may also be employees of Carolinas Telco FCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, Carolinas Telco FCU or Carolinas Telco Capital Advisors. Securities and insurance offered through LPL or its affiliates are:

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