And if you own a business, you will surely need a commercial insurance policy as well. Even if you are a single Arizonian professional with no known dependents, you can still derive benefits from a tailored life insurance Glendale AZ package. And it makes common, business and financial sense for your agent to factor in a package that includes commercial covers as well.
How is this life insurance packaged tailored? One thing you can be sure of is that it is not doctored, not unless you are dealing with a registered and licensed practitioner, one who is qualified and knowledgeable enough to be selling you financial service products that are relevant to your personal and business circumstances. Not a waste of your time and money, in other words. For instance, if you are a single person with no known dependents, it would not make any financial sense to write up a policy that pays over monies to another party at the time of your death.
The purpose of this kind of policy is to provide dependents with a livable income when their loved one, as sole or main breadwinner, has departed. But you could still nominate another person as a beneficiary. This could be done for investment and/or business purposes. You could use the life policy as a form of collateral for a business loan down the line. But accredited financial advisors will always advise on the side of caution and wisdom when going down this road.
For instance, why fall back on a loan when you can derive a steady stream of income from well-selected investment instruments. Well selected in the sense that they suit your personal and business circumstances to the letter. Life also covers you for when you are no longer able to be productive.