Do you have Life Insurance?

If your answer is yes, good for you! You are a step ahead of the game.  If you said no, listen up!

Here are the biggest objections to discussions on life insurance:

  1.     I have it through work!
  2.     I really don’t have the money right now!
  3.     I’m not dying anytime soon, I will get it later!
  4.     I’m too young, I don’t have anything to protect!

Here’s the problem with these 3 objections:

1. Life insurance through your work is a great additional plan, but shouldn’t be your main life insurance policy.  Do you plan to work at your current job until you die? Most likely you would like to retire and relax a bit, right? And what happens if you decide to change jobs, get downsized, or fired? Bye, bye life insurance. 

Whether you have life insurance or not, think about this:  When someone close to you dies do you ever wonder or care about how much they paid monthly or annually for insurance? Isn’t your biggest worry, how you will survive without them?

2. If you wait until you have the money for life insurance, it will be too late. Planning ahead will allow you to protect your family in case something happens to you. If you don’t have the money now for life insurance, how will those you leave behind afford life without you, let alone insurance for themselves?

The younger you start planning ahead and purchasing life insurance, the cheaper it is to you. There are term life policies to cover mortgages or loans and whole life policies that will ensure your family is taken care of if something should happen to you.

3. Okay, so you don’t plan on dying anytime soon, that’s great! Neither do I, but in the (off) chance that you are in a car accident or something catastrophic happens to you today, how will your family survive? If you are married with children, have a mortgage, maybe some student loans, etc., how will all of those bills get paid without you and your income? Death can tear apart families physically and financially. 

Example: A family – Husband and wife with two kids.  Husband has a great job, making enough to support the family so that the wife can stay home, raise the kids, and manage the household.  They have a decent savings account, but no life insurance.  On the way home from work today the husband was killed in a car accident.  The wife will now have to get a job to support her children, she will have to pay for a babysitter, and hire help to clean the house because she will no longer have time after picking up 2 jobs to cover all the bills.

 So now let me ask you this:  Is it fair that these children lose both parents?  They lost Dad to a car accident and in turn lost Mom to her 2 jobs. 

The purpose of life insurance is to ensure that your family is able to continue life as if you were still alive. With a life insurance policy, the mom might not have had to go back to work, or at least she would have only needed 1 job to support the family. She would’ve been able to see the kids after school, go to their sporting events, etc. They would’ve had a better quality of life.  Wouldn’t you want that for your family?

Now this brings up the next objection:

4.  Still young? Start now. Within the next 5-10 years you will most likely fall in love and start that family described above. Start now, because you don’t want your new car, fancy apartment, student loans, etc. to fall back on your parents or another family member. Start now, if for no other reason than to protect those that you love. Maybe you don’t have any bills, maybe you don’t want to get married or have a family. But there aren’t many people that wouldn’t want to protect the financial stability of their parents or a friend, whoever their beneficiary is. You would be hard pressed to find anyone that shouldn’t have life insurance. And if you truly have no financial worries, then now is the time to invest in life insurance because you may not always be financially set.

Think about it. And when you’re ready to take steps to protect your future, your family, or simply cover your bills, call us, we can help.  We can get you the coverage you need for a price you can afford.