Most people I come across often times inform me that they already have life insurance through their
company they work for or that their spouse already has life insurance. The thing that they don't often know is how much life insurance they have, what kind of life insurance they have and for how long that life insurance will last them. Just knowing you have life insurance isn't quite enough. We are talking about the security of your assets in the future and more importantly your families security. With so much at stake why is it that we don't put more importance on something that can have a radical impact on your future? I think the reason lies within the fact that people don't want to buy things that don't give them something tangible or instant gratification or possession of the item. But people who have life insurance and are well educated know how important it is and know what they have, what they don't have and know why they need life insurance and always will.
company they work for or that their spouse already has life insurance. The thing that they don't often know is how much life insurance they have, what kind of life insurance they have and for how long that life insurance will last them. Just knowing you have life insurance isn't quite enough. We are talking about the security of your assets in the future and more importantly your families security. With so much at stake why is it that we don't put more importance on something that can have a radical impact on your future? I think the reason lies within the fact that people don't want to buy things that don't give them something tangible or instant gratification or possession of the item. But people who have life insurance and are well educated know how important it is and know what they have, what they don't have and know why they need life insurance and always will.
Because term life insurance is generally the most popular I will briefly cover it and the reason I believe you need it and should want it. Term life insurance is insurance that you choose for a specific amount of time to be covered, typically 10, 20 or 30 years. You also choose how much coverage you want. This is where people should recognize that your needs are different than Joe next door. If Joe has a mortgage twice the amount of yours and has thousands of dollars of debt, he will most likely need more "face amount" coverage than you. The face amount is the amount of money that you are insured for and the amount that would be paid out in the event of your death. Uh the "d" word. This is one of the reasons most people avoid life insurance and don't give it too much thought or time, because it reminds us that we all will inevitably die at some point. People put themselves in a, "that won't happen to me" category. One where they know that they won't get cancer, or have a severe and life threatening accident, because they just won't. But we never know what is around the corner and we should be prepared no matter what surprise we are faced with. It is better to be prepared for the worst than to be surprised by the worst. That's essentially what life insurance is for, preparation. Preparation for uncertainty and the unknown.
Sift through the obituaries one day and you will undoubtedly see the phrase, "in lieu of flowers". As an agent this breaks my heart. This shows me that the family of the deceased was not prepared for this unfortunate and tragic event. It tells me that they need financial help because they did not plan ahead. Instead of receiving beautiful flowers and not worrying too much about anything except saying goodbye to their loved ones, they have to look ahead and reach out for financial help because they are in a dire situation. One where their home and family security could be at stake. Even though none of us want to think about tragedy it is a completely logical thing that could happen to anyone at any time.
I believe life insurance is more necessary than even auto or homeowners insurance. Instead of covering just your house, or damages to your vehicle, life insurance covers yours assets, mortgage, debt, future income and most importantly your family. Remember that each person needs the right amount of coverage for them, so if your agent suggests a face amount without asking questions about income, mortgage, debt, future plans for college or anything related to those, you might want to sit down with someone who is looking at your situations and putting your interests before their commission.
Don't forget to post some comments suggesting future topics and hope on over to my Facebook page to connect and contact me with any insurance related questions.
Sift through the obituaries one day and you will undoubtedly see the phrase, "in lieu of flowers". As an agent this breaks my heart. This shows me that the family of the deceased was not prepared for this unfortunate and tragic event. It tells me that they need financial help because they did not plan ahead. Instead of receiving beautiful flowers and not worrying too much about anything except saying goodbye to their loved ones, they have to look ahead and reach out for financial help because they are in a dire situation. One where their home and family security could be at stake. Even though none of us want to think about tragedy it is a completely logical thing that could happen to anyone at any time.
I believe life insurance is more necessary than even auto or homeowners insurance. Instead of covering just your house, or damages to your vehicle, life insurance covers yours assets, mortgage, debt, future income and most importantly your family. Remember that each person needs the right amount of coverage for them, so if your agent suggests a face amount without asking questions about income, mortgage, debt, future plans for college or anything related to those, you might want to sit down with someone who is looking at your situations and putting your interests before their commission.
Don't forget to post some comments suggesting future topics and hope on over to my Facebook page to connect and contact me with any insurance related questions.
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