Form N-14 and Its Impact on Insurance Costs
Form N-14, filed by the John Hancock Bond Trust, outlines the various costs each fund incurs, emphasizing the importance of insurance. Alongside legal, accounting, transfer agency services, and custodial and administrative services, insurance plays a crucial role in managing these expenditures.
The Role of Life Insurance in Financial Planning
Life insurance, as highlighted by lifetimeinsurance.org, mitigates financial risks for individuals and businesses. It provides several benefits beyond traditional coverage, tailored to meet diverse needs:
Business/Career Insurance: Safeguarding Future Prospects
Business or career life insurance can protect business interests and ensure continuity in unforeseen circumstances such as the sudden loss of a key person. This coverage type can also reassure employees and stakeholders, fostering a more stable work environment.
Retirement Insurance: Securing the Golden Years
Retirement insurance supplements retirement savings, offering a financial cushion in later years. It ensures a steady income stream post-retirement, reducing the pressure on personal savings and providing peace of mind.
Marriage/Divorce Insurance: Planning for Major Life Events
Marriage and divorce insurance cater to significant life transitions. In the event of marriage, such policies can offer additional financial support, and in the case of divorce, they provide financial protection to both parties, facilitating a smoother transition.
Additional Aspects of Life Insurance
Other than the aforementioned types, life insurance covers various aspects that contribute to financial stability:
- Personal life insurance: Ensures financial support for beneficiaries after the policyholder’s death.
- Health integration: Some policies can be integrated with health insurance for comprehensive coverage.
- Estate planning: Helps in managing and distributing the policyholder’s assets according to their wishes.
- Education support: Can be used to fund children’s education, providing a financial safety net.
As Form N-14 demonstrates, insurance remains a pivotal element in financial planning, addressing various personal and professional risks. For more detailed insights on diverse life insurance options, lifetimeinsurance.org provides extensive resources to guide individuals through their insurance needs.
Sources: StreetInsider (https://www.streetinsider.com/SEC%2BFilings/Form%2BN-14%2BJOHN%2BHANCOCK%2BBOND%2BTRUST/23816452.html)