Quality of Life Insurance Overview

Quality of Life Insurance Overview

Traditional life insurance is designed to provide security for your loved ones in the event of your premature death... but what if you could get life insuran...
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Parents Underestimated Value of Life Insurance

Parents Underestimated Value of Life Insurance

While it might seem reasonable to assume that becoming a parent would be enough to trigger a person’s interest in life insurance, a recent MetLife study finds that this is not always the case. In fact, the study finds that most individuals consider life insurance when they get married, but do not reconsider it, or purchase it in greater amounts, when they become parents. As a result, many parents either do not have life insurance, or they have it in inadequate amounts. This study is analyzed in a recent U.S. News & World Report.

Different families have different needs, different aspirations, and different financial situations, so there is no one-size-fits-all life insurance solution.  However, all parents are alike in their passion for protecting their families, especially the children, and for ensuring that they leave behind a rich legacy. For that reason, considering the benefits offered by life insurance is something all families should make time for.

The U.S. News & World Report story makes a similar argument. In fact, the article says that thinking about life insurance belongs on any new parent’s to-do list, alongside nursery preparation and “stocking up on diapers.”

The article also makes note of the many reasons why parents often neglect to properly consider life insurance. Sometimes it is due to perceived financial strain, and in other instances it stems from inconvenience, as a life insurance policy typically requires a brief physical check-up. Also common, the article says, is a simple desire to avoid thinking about something as harrowing as an untimely demise.

Despite these causes,  life insurance offers too many potential benefits to ignore it completely.  Life insurance offers protection and peace of mind, and preparation for events that are otherwise unthinkable. “Yourinsurance411  agrees that parents should make life insurance an item on their to-do list.”  CLICK HERE - TERM INSURANCE for more information

Parents Underestimated Value of Life Insurance

What is purpose of life insurance

What is purpose of life insurance

It might not be for you but here are a number of reasons.

Your life insurance can be a sound financial investment and planning tool.

In the event of death, your life insurance policy can serve as replacement for some lost income so that your family and loved ones do not endure financial hardship.

A life insurance policy can pay for your final costs and expenses.  Burial costs, estate planning, attorney and administration fees, debts, and medical expenses all contribute to high costs at time of death.

What is purpose of life insurance

Your decision to purchase life insurance gives loved ones the peace of mind that these financial burdens do not become lasting monetary hardship.

Your life insurance can also be an inheritance to your heirs, even if you have no assets at time of death.

Your life insurance policy can also act as a savings account in some instances, which can be withdrawn or borrowed at your request.

Your life insurance can also be used to make a planned charitable contribution at the time of your death.

What is purpose of life insurance

Your decision to purchase life insurance should not be taken lightly.  If you have questions on how to buy life insurance or questions regarding the process to buy life insurance, click on – Your Life Insurance 411

Because you care.

We can always take care of it later ~~ Life Insurance

“We can always take care of it later.”

That’s what my client, we will call him Tom, said to me once.

For that matter, many prospects have said that to me.

But let me tell you about Tom.  He was 32 years old and engaged to be married to Kelly.  Tom and Kelly were very busy, like we all are, and we finally set an appointment to take care of their life insurance.

They decided to purchase a $25,000 whole life policy as well as a $125,000 term policy to cover their mortgage.  As we completed the applications Tom decided to wait on the $125,000 term policy.  Tom said, “We can get that later.”

The $25,000 whole life policy was issued.  Upon delivery of the policy I asked again, “You want to get the mortgage insurance policy started?”  Tom said, “No we will do it after the wedding.”   They were to be married in 3 months.

Then it happened.  About a month later I received the call from Kelly.  Earlier that day there was a news report of an explosion at a nearby factory - the factory where Tom worked.  Kelly’s call was to tell me Tom had died in the explosion.

We can always take care of it later

Needless to say, I was shocked.  Yes, the $25,000 policy was paid to Kelly.  But what made things even more painful was Kelly’s comment to me, “I wish we would have purchased that other policy when you urged us to.”  She ended up losing the house.

Can you afford to take care of it later?  Click here.  Because you care.

We can always take care of it later