Many people dislike the topic of life insurance because it does not answer the question of “What’s in it for me?” People widely assume only those who are left behind will see the benefits after their death.
Oh, how the times have changed. COVID is making all of us more acutely aware of our mortality. Never has there been a more perfect storm that justifies spending an hour or two to review and carefully consider what you have in place for your life insurance. – No matter who you are, we all fall into one of the following categories:
- You have life insurance through your work, bank or union
- You have life insurance inherited from your parents as a kid
- You have life insurance that you set up many, many years ago and forgot that you have it
- You had life insurance but it expired and lapsed or renewed at much higher rates
- You have NO life insurance at all
Every single one of these categories is risky – especially the last one! Here’s why:
- Life Insurance Coverage through your job: Is your job secure and guaranteed for the rest of your life? For most of us, no job is secure. And eventually, you will want to retire, right? Very few companies will continue to pay for your life insurance once you no longer work for them. Thus, your risk for a lapse in coverage is VERY high
- Life insurance you had as a kid is great because you could be paying rates locked in as a child – or maybe the policy is paid in full. Awesome! But that policy is not enough to pay off your mortgage or provide income to your family after you are gone. And it likely will not allow for long-term care to be paid for.
- Life Insurance was set up years or even decades ago? You need to review it! 60% of Americans will suffer a chronic illness and a simple change to your policy can add this coverage for pennies on the dollar.
- No life insurance in place, the last cases – expired, lapsed or none at all – well, you just need to speak to us and get back on track before it’s too late!
Here’s some startling stats:
- The cost of a private room in a nursing care averages $102,200 per year.
- In the United States, 60 percent of adults have a chronic disease and 40 percent have multiple chronic diseases.
- One-third of all deaths in the United States are caused by heart disease, stroke, and cardiovascular diseases.
- The average funeral costs in the US is $12,000 and it’s increasing due to COVID.
By speaking to a licensed life broker TODAY, we can show you how to use life insurance to take care of YOU while you are alive – and also your family later. Contact us today – request your review here: https://tcsib.com/life-insurance-quote/ or if you want to save time, fill out your informational questionnaire here to get your new policy started: https://forms.gle/kybp1zVBYcZnDPLK8
post written by: Brian Schilling, Insurance Broker, proudly licensed to transact insurance in California, Oregon, Washington, Nevada, Arizona, Texas and Michigan. – firstname.lastname@example.org