Best Place to Get Life Insurance Quotes
Best Place to Get Life Insurance Quotes
Compare Free Life Insurance Quotes HERE
In general, people want to do the right thing and never want to imagine their loved ones suffering a financial hardship, so why do so many procrastinate and delay planning? Here are some reasons and responses:
“I’m in good health. I have plenty of time.” Accidents happen and sudden illnesses occur. None of us wants to think about dying. If you’re young, you feel invincible. We all hope to live long and healthy lives, but look around and you know it that something unexpected can happen. An illness could make you uninsurable. No one has a crystal ball to know when something will happen you just have to prepare in advance.
“I’m single. I don’t need life insurance.” Certainly, you may not have a loved one that relies on your income, but you may in the future. Health can change, so getting covered now is wise. Also, the younger you are when you first purchase life insurance, the lower the annual premium.
“I can’t afford it.” Certainly, it’s a commitment, but your loved ones are worth it. If you sat down and looked at what you spend on coffee, eating out for lunch/dinner, going to the movies, or other entertainment, you might be surprised that cutting back a little would allow you to afford life insurance.
Perhaps, the main reason for procrastination is that no one wants to think about dying and hence the delays. How often have you said, “I’ll take care of that tomorrow.” But, what if tomorrow doesn’t come?. It will never feel good to think about dying, but you’ll feel really great after you’ve met with a professional, purchased life insurance, and know that your loved ones will have some level of protection should something happen to you.
A large majority (84 percent) of Americans believe life insurance is a smart way to care for their family’s future and 48 percent say it has been an important part of their family’s plan for generations.
However, it is a difficult topic to discuss.
Of those with living parents, only 42 percent of Americans have talked with their parents about life insurance and estate planning and 14 percent are planning to initiate a conversation.
Why Buy Life Insurance? Best Place to Get Life Insurance Quotes
Life insurance takes the pressure off of your family by helping with costs that arise as the result of a death, including:
• Funeral Costs
• Ongoing Mortgage Payments
• Medical Bills
• And More
A comprehensive life insurance policy will allow your family to move forward comfortably after you die. They will be able to avoid debt and added financial challenges, especially at a time in their lives that is already traumatic.
Additionally, a life insurance payout is tax-free, maximizing how much can be accrued and used to help when family members need financial assistance most.
When is a Good Time to Buy Life Insurance?
There is no better time than now to buy life insurance. You do not need to be married, starting a family, or thinking about retiring. In fact, the younger you are, the more affordable the life insurance policy you can buy. Your insurability decreases as you age, as you become a bigger and bigger risk to insurance companies, especially if you are on medications or have a history of health issues.
Nobody wants to lose a loved one, but we all must accept that deaths will occur along the way. Illnesses, accidents, and tragedies happen, and the best we can do is hope for the best while preparing for the worst.
What Life Insurance Policies Can Offer -Best Place to Get Life Insurance Quotes
Many benefits and coverage levels exist. While the concept of life insurance is fairly straightforward – providing financial assistance to families after the death of a loved one – the many types of life insurance options available can make the subject less approachable and more confusing. We are here to clearly explain life insurance, and help you make better decisions to protect yourself and your family.
When it comes to life insurance, offerings include:
• Term Life Insurance – This might be the most common kind of life insurance that consumers hear about. It is usually the lowest cost and covers a set period, referred to as a term. Typically, a term may be a single year or could run as long as 10, 20, or 30 years. The significant benefit of term life insurance is that it will provide for the family of the deceased, covering burial expenses as well as future mortgage payments and lost income.
• Whole Life Insurance – Also known as permanent life insurance, whole life insurance locks in benefits for protecting your family, and it has a cash value accessible in an emergency. You can normally buy whole life insurance between 45 and 85 years of age without a medical exam or too many questions. It is also useful for those on a tight budget or fixed income.
• Universal Life Insurance – Very similar to Whole Life as it builds cash value. One of the benefits of this plan is that it has flexible premiums and benefit amounts, so you can adapt it as your needs change. It is possible to build cash value on a tax-deferred basis, which might be useful for building something like retirement or a college fund.
• Level Term Insurance– This is a term life insurance that locks in the premium and death benefit for a specified period of time, 5. 10. 15. 20, even 30 years or longer. The policy guarantees a specified amount that will not change during a specific period.
• Key Person Life Insurance – Also known as key man insurance, key woman insurance, and business life insurance, this plan is a policy that a company can purchase on the life of a mission-critical businessperson, such as the owner or a top executive. It provides that the beneficiary can be the business, the insured’s family or both to help curb the loss of an irreplaceable employee or executive.
Best Place to Get Life Insurance Quotes
Whatever your health or lifestyle, age or stage, you have choices when it comes to life insurance plans.
You may be looking to “top up” or simply be looking for a fast and affordable option for life insurance, as a first-time buyer.
Compare Life Insurance Quotes HERE
