Life Insurance is a critical component of financial and protection planning, yet 41% of Americans don’t own any coverage. Talking to a professional life insurance agent who can answer your questions, fill in the gaps, and find solutions that fit your family’s needs and budget can be life-altering for you and your loved ones.
Even if you have coverage, do you know if it is enough to meet your needs? Is it the right product? Is it essential for you to protect your family from financial ruin? We want to help you protect what matters most to you. Life Insurance can do many things, and many product types fit different needs. However, the number one most important reason to buy life insurance is to replace your income if you leave this world too soon. You want to ensure that when you die, your family does not suffer financial hardship; beyond that, the sky is the limit with what you do with your life insurance. It can provide risk-free retirement income; tax-free death benefits can cover estate saxes and liabilities so survivors don’t have to sell assets; you can protect your business with a buy-sell agreement funded with life insurance; it can help you build a pool of capital that you can use throughout your lifetime, can help reduce debt, save for college or a major purchase, or invest in a business – the possibilities are endless.
It is essential to make sure that your life insurance keeps up with your life – many times, it slips people’s minds, and they find out too late that their life insurance isn’t performing as they expected or that the wrong beneficiary received the proceeds. These are reasons to talk to your life insurance agent:
Marriage or divorce
New children or grandchildren
A career change
A significant change in income
Starting, owning, or selling a business
Nearing retirement
Tax changes
No one wants to think about what happens when they die – but what would happen if you passed away today? Your family would have to deal not only with your loss, but what about having to work to stay in their home, be able to afford an education, and maintain their current lifestyle?
No matter what you may think –
- That you can’t afford life insurance – plans can be customized to fit every budget
- You have coverage at work – very few people have the coverage they need from their employer, and if you change jobs or quit, you could lose that coverage.
- You think you don’t need coverage because you don’t have children or a spouse. Life insurance provides living benefits that can offset long-term care or chronic illness costs. It can fund your retirement, and you can leave a legacy for a cause that is important to you.
- You are healthy, so why buy life insurance? – There is no better time to buy coverage than when you are healthy. We are all one illness or accident away from being uninsurable.
- I’m just not interested. Maybe it isn’t the right time, but understand what is available and what products you could benefit from. When the time is right, you will be educated and ready!
We are here to provide the information, education, and support you need to make the right decision for you and your family. You can rely on us for factual information from trustworthy companies to fulfill your needs. Give us a call today!
