Traditional Life Insurance vs. Guiding Light: Why You Need Both

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Traditional Life Insurance vs. Guiding Light: Why You Need Both

There comes a time in life when we all must face our mortality. It’s never an easy thing to think about, but it’s something that we all have to do.

One of the most important things you can do is make sure your loved ones are taken care of financially if something happens to you. That’s where traditional life insurance comes in. But what about your legacy? What happens to your wisdom and guidance after you’re gone? What about the things you leave behind for future generations? Guiding Light is here to help with that.

In this blog post, we’ll discuss the importance of both life insurance and Guiding Light, and why you need both in your life!

Life Insurance

It’s a question that has been asked throughout the ages: What is more important, life or money? The answer, of course, is that both are important. You need money to live, and you need life to make that money worth it. But what happens when you die? It’s a sad but true fact that each and every one of us will die one day. Life insurance is there to help your loved ones financially after you’re gone.

Types of Life Insurances

There are many different types of traditional life insurance plans, but they all essentially work in the same way. Life insurance is a contract between you and an insurance company. You pay premiums to the insurer, and in exchange, the insurer agrees to pay a sum of money to your beneficiaries if you die.

There are two main types of life insurance you can get: term life insurance and permanent life insurance.

Term life insurance is the most basic and straightforward type of life insurance. You pay premiums for a set period of time, usually 10-20 years. If you die during that time period, your beneficiaries will receive a death benefit. If you don’t die during that time period, the insurance company keeps the money. These plans can range from:

  • Decreasing term life insurance
  • Convertible term life insurance
  • Renewable term life insurance

Permanent life insurance is a bit more complex. With this type of insurance, you pay premiums for your entire life. The death benefit is also paid to your beneficiaries when you die, but unlike with term life insurance, the death benefit is not the only benefit you receive. With permanent life insurance, a portion of your premiums goes into a cash-value account. This cash value account grows tax-deferred, and you can sometimes access it while you’re alive.

Permanent life insurance can be further broken down into two subcategories: whole life insurance and universal life insurance.

  • Whole life insurance is the original permanent life insurance policy. With whole life insurance, you pay a fixed premium for the rest of your life. The death benefit and the cash value account also grow at a fixed rate.
  • Universal life insurance is a more flexible version of whole life insurance. With Universal life insurance, you can choose how much you want to pay in premiums, and the death benefit and cash value account will grow at a variable rate.


Death Benefits

The death benefit from a life insurance policy can be used for any purpose, such as paying off debts or providing financial support for your family.

Life insurance is not an investment, but it can be a valuable part of your overall financial plan. It can give you and your loved one’s peace of mind knowing that you have taken steps to help provide for them financially if something happens to you.



When deciding whether or not to purchase life insurance, there are a few things you should consider.

  • First, determine how much coverage you need.
  • Second, consider your financial goals and needs.
  • Finally, compare different life insurance policies to find the one that best meets your needs.

If you have questions about life insurance or would like help determining how much coverage you need, it’s best to speak to a financial advisor who will be able to help you understand your options and make the best decision for your situation.

Guiding Light

When it comes to life, we all want to make sure that our loved ones are taken care of after we’re gone. Traditional life insurance provides a financial cushion that helps ensure your family’s future. But life insurance doesn’t take care of everything.

What about the knowledge and wisdom you’ve accumulated over the years? That’s what Guiding Light is for. It ensures that your legacy will be passed down to future generations, regardless of your physical absence.

Guiding Light is intellectual insurance. It’s a new way to connect with your loved ones and share your stories. This interactive app allows you to create and share videos, photos, playlists, final wishes, important documents, and so much more with your loved ones, all in one place.

It’s safe and simple to use, so you can document your own life story or record family tales to be passed down for years to come.

With Guiding Light, you can be sure that your legacy will live on long after you’re gone.

Which Do You Need More?

In short:

  • Regular life insurance helps you pass down your physical wealth to future generations. It makes sure that your loved ones will be taken care of financially after you die. 
  • Guiding Light is a type of life insurance that helps you pass down your intellectual wealth to future generations. It ensures that your legacy will live on after you die. 

So, which do you need more? Of course, the answer is both! Why secure only one type of wealth? They each serve an important purpose and can complement each other perfectly.

Life insurance gives you peace of mind knowing that your loved ones will be taken care of financially if something happens to you. Guiding Light gives you the assurance that your knowledge, experiences, interests, and guidance will live on long after you’re gone.

There’s no reason to choose one over the other. They both have their own unique benefits, and they can both play an important role in your life.

If you’re looking for a complete solution that will help you take care of both your financial and intellectual wealth, look no further than Guiding Light. We can help you with both life insurance and legacy planning, ensuring that your loved ones are taken care of no matter what happens.

What are you waiting for? Get started today and leave a lasting legacy for your loved ones.

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