A Life Insurance Policy will cost you more in the future
Have you been thinking of getting A Life Insurance Policy?
Buying a life insurance policy protects you and your from the potentially ruinous fiscal losses that could affect if something were to happen to you. It provides fiscal security, helps to pay off debts, helps to pay living expenses, and helps to pay any medical or final expenses.
Getting a Life insurance Policy is one of the most selfless gifts you can give to the people you will leave behind if you suddenly were to pass away.
Life insurance isn’t as complicated or expensive as most people believe. So rather than view it as an extra expense, you might want to consider what it could mean to your loved ones ifthey were to lose you — and look at it rather as being potentially helpful in a very stressful situation.
Who is life insurance really for and why?
Life insurance isn’t for you — it’s for your family
So you don’t believe that you need life insurance? You don’t buy life insurance for yourself; you buy it for the loved ones that you would leave behind.
The best time for most people to get life insurance in their twenties, because later in life a person’s health will decline with age. The longer you wait to buy a policy, the moreexpensive that policy will eventually cost. At some point you might not even be able to get insurance, you become uninsurable.
An average 20- to 30-year-old non-smoker can anticipate paying between $30 and $100 a month for a term life policy depending on the length and the face amount of coverage on the policy. That is about the same cost as a few dinners to cover your family’s fiscal stability inyour absence.
Your life insurance needs will change as you age, as you will need to consider children, marriage, divorce, work, and taking care of aging parents.
You also might want to have an insurance checkup If it’s been a while since you’ve looked over your policy and your situation has changed.
Now we’ll go over the five reasons you presumably need it, if you don’t have a Life Insurance Policy now.
1. You are going to have a baby or planning on starting a family.
A Life Insurance settlement will take help with a lot of things If you’re not there, and they rely on you for your income to live. Also you should consider it if you’re the caretaker in the home, as the spouse may need additional help with child care.
The birth of a child is generally a huge motivator to get an insurance policy. Most people get life insurance to cover the mortgage, education, and other expenses so that their family can continue to pay their bills if you should pass away. It is the perfect time to get covered now if you are planning on having children in your future.
2. Short- term family needs
Upon your death, would your partner or spouse be able to pay the rent? Coverall the bills? How about pay for your burial or cremation costs, which total between $5,000 and $20,000?
At a time of huge emotional stress, financialexpenses can pile up, especially if they are forced to move, change schools, or make other significant life changes.
A Life insurance Policy can help keep your family members from having to deal with large fiscal issues when they may be least equipped to do so.
It Can Replace Lost Income. Whether you have a 9-to-5 job, own a small business and you’re self-employed, your income can cover a substantial portion or most of all of your family’s monthly expenses.
Housing, food, utilities, auto expenses and health care cost are all part ofyour yearly budget, and indeed without your income, your family will still need to have these expensestaken care of. The death benefit from a life insurance policy can help give the finances your family will need going forward. When considering your options, you may want to think about using a life insurance calculator to help you determine how much coverage you might need.
3. Long- term family needs
Your family would be under the stress of your loss well into the future. Usually family members must make major changes with the loss of a loved one. A non-working partner might have to return to the workforce and may need to pay for childcare. Life insurance proceeds can also help cover the new expenses. It can also help to cover tuition for your child’s college. Insurance can help bring stability and normality to their lives and help them have some control over their financial future.
Again, a Life insurance Policy is not for you, it’s for them.
4. Protection for your business
For business owners, a Life Insurance Policy can help your business keep its lights on, workers paid, and merchandisers satisfied in athe event you die suddenly. There are also other ways life insurance can help abusiness stay open. Read further about how protection can be maximized in business. There are situation business. That money would go to the family and the partner can continue the business. Insurance can also be used tokeep the business open long enough to find a new owner, or to hire someone elseto run the business, if necessary.
5. Protection may not be as expensive as you assume.
Let’s address this, because it seems to be a stumbling block for a lot of people.
While the cost of getting insured depends ona lot of variables like age, overall health and type of policy, it generally costs far less than most people normally believe.
In fact, for healthy people under age 40, a 20-year term policy can be aslow as $37 per month for men and $33 for women. However, it can cost less than $30 per month, if you are under the age of 30.
Naturally, as you age, buying coverage becomes more expensive because your health usually changes and the odds of dying expectedly increases. So, lock your low rate in now while you’re youthful and healthy and save yourself from paying a much higher premium when your need increases . You also may not be able to qualify if you apply later, it happens all the time.
Not all deaths are anticipated — in fact morea dults ages 25-45 die each year from accidental deaths than by serious illness, leaving significant medical bills behind. Accidental Death Insurance is also the most affordable policy coverage available. You can always ask to have your policy be part Life and part Accidental Death coverage.
Unfortunately, by the time someone is diagnosed witha serious illness,it’s frequently too late to get a Life Insurance Policy. You can help make sure your family is able to stay in their home and not dip into savings to pay bills by having a Life Insurance policy.
6. It can help your loved ones payoff debt.
Certain types of debts do not go awaywhen you die, which means your loved ones may have to use money from your estate or other means to cover them.
Life insurance can help them pay for any debt you leave behind,including credit card debt, business debt, personal or educational loans, taxes, and mortgage debt. At a time when your loved ones are formerly dealing with your loss, a policy can help ease some of the financial burdens they may witness after your passing.
Conclusion:
We here at Aware Insurance can help you to get the insurance coverage that you need. We are contracted with some of the largest Insurance companies in the U.S. We have a system which will go out and find you the best rate possible. If you’re extremely busy, we have insurance policies that you can get approved for the same day. We have policies which we can setyou up with a no cost exam that will lower your rate, or if you don’t want someone coming to see you we can set you up with a non-med policy, no examination and again, we can do that over the phone and internet by answering a few simple questions.
Reach out to us, we’re here to be of service to you andyour family.
Sincerely,
Willie Ware
Ph: 855-223-3023
