Education Is Key
In America, most people believe having a Group life policy with their job is enough. American insurers issued a total of $7,358,413 million worth of group policies in 2019. This is a 0.4% annual decrease since 2009! The number of Americans participating in even group policies is decreasing.
Currently, millions of Americans are either underinsured, or don't have any coverage, causing an epidemic of Americans struggling to meet their financial needs, forcing them to use fundraising sites for help. It isn't uncommon for fundraisers to sit for months before even half of the funds are raised; that is time most people don't have when swift action is needed.
Having insurance coverage ensures that any claims submitted will be paid out within 10 business days, eliminating ineffective fundraising. For this reason, providing my clients with education on how life insurance works is at the forefront of my mission.
Multiple Solutions Provided
Most of us have been improperly informed on how life insurance can truly benefit us. I understand talking about life insurance is an uncomfortable topic for many because when we think of life insurance, death comes to mind.
However, it is called life insurance for a reason: it serves as an aid to cover insurable needs while we are still living. Life insurance is not merely to be utilized when we pass away. If life insurance was merely created to cover our funerals, it would be named 'Funeral and Burial Insurance'.
Making a sound decision about what type of insurance you need begins with knowing a little bit about you. Click below to answer a few questions to get started and then schedule your free consultation.
Why Do I Need Insurance?
Is the income you provide vital to your household's survival? Have you considered the struggles that will ensue if your income is lost? There are some people who have enough financial cushion to cover their insurable needs without insurance. Many people do not. If you are unable to cover any major expenses without going into serious debt, life insurance may be for you.
How To Use Life Insurance
Life insurance is used for more than just death. Life insurance can be used for any insurable need in our lives. It can be used to cover debts, pay for expenses (such as college tuition), and be used for tax-free retirement income in addition to covering your final expenses.
Types of Insurance
There are many different types of insurances that are designed to provide many different solutions. Generally, the types of insurances are Term, Whole Life, and Final Expense. Annuities are also in the insurance category. Each person has unique needs. It is best to consult with an advisor to find the right insurance that best suits your needs.
Protect Your Mortgage With Life Insurance
If you find yourself unable to cover your mortgage due to illness or death, your insurance can pay it for you.
Pay Off Debt With Life Insurance
It is possible to borrow against your life insurance policy to pay off debts. Consulting with the right insurance professional is key to discover how this life-saving feature can work for you.
How Do I Get Started?
The first step is to schedule a consultation with a licensed professional to discuss your options and filter out which type of life insurance is best for your situations and goals.
I Am Ready To Learn More!
Having the right type of insurance can provide much needed ease of mind, and eliminate the stress of looming 'what-ifs'. Click below to schedule a free consultation to find the right solution for you.