082721 Have you been putting off buying life insurance?

Now might be the time to get it done.

TEXAS, USA — Just when we would like to be carefree again,

the pandemic is weighing on our thoughts. Recently, 15% of

people surveyed said they’re likely to purchase life insurance

due to the impact of COVID-19.

Maybe this will be the reminder many people need. Stats say

almost half of us have put off getting coverage that we know

we need. One survey showed that more than half of us think a

life policy is going to cost three times as much as it really does.

And women are far less likely to have coverage than men.

“Today life insurance ownership for women is 47%, much lower

than the 58% of men who have coverage," according to a 2021

Insurance Barometer Study from LIMRA.

If you are considering getting life insurance coverage,

now might be a good time

During the worst of the health crisis, many insurers restricted new

policies, like not offering them to the oldest applicants, changing

which underlying conditions they would accept and delaying

approval if you had traveled internationally or been exposed to

someone who had COVID-19.

Well, the majority of insurers have reportedly lifted those special

restrictions. And maybe the insurance companies missed all of

us applicants. Lifequotes.com reports that life insurance rates

have now fallen to an all-time low.

So, if you still need to get it done, do it. And even if you have

life insurance, many who have policies are considered under insured.

Now might be a good time to make sure your coverage is adequate.

How do you know how much life insurance you need?

Each person’s situation is different, but there are some generally

accepted suggestions for determining your life insurance needs.

Nerd Wallet published a article that answers the question of how

much you might need. It also includes a life insurance calculator.

Once you know how much you might require, you can find out how

much that coverage might cost.

Author: Jason Wheeler

Published: 8:22 PM CDT July 5, 2021

https://www.wfaa.com/article/money/business/right-on-the-money/life-insurance-time-to-buy/287-b08c8ca5-f518-4b40-933c-315aa2e4a258

Got Insurance?

Hayden Childs

Alabama Licensed Agent

(205) 269-1382

shcmail34@yahoo.com

"I Still Make House Calls"

Comments

022823 The 9 Benefits of Whole Life Insurance...

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083121 Do You Know the Whole Life Story?

Change comes at us from every angle as people update and upgrade everything from their diets to their devices, seemingly every day. When we enter adulthood as a young professional, we never imagine that we are only a couple dozen phones or a handful of trendy diets from marriage, parenthood or even retirement. Diets and devices can be great, but not all change is good, right? At every stage of life, financially confident people know that they can embrace the good and safeguard against the not-so-good with solutions designed to do just that. Enter: whole life insurance. Not just your parents’ insurance, whole life can actually benefit you no matter where you are in life. THE BEGINNING: YOUNG PROFESSIONALS When we’re young and focused on our dreams, we rarely consider the possibility of an unexpected, devastating change. What would happen if you died prematurely? It may be unsettling to think about, as it would be very painf...

080822 Less Common Life Insurance Needs

On top of the most common reasons for buying life insurance, It can help cover some less common needs. These could include… *Insuring Children Buying a policy on a child can ensure that the family will financially Survive the loss of the child, but keep in mind that such a loss is Fairly unlikely. It can also ensure the child’s ability to qualify for life Insurance in the future. That could be helpful in the case of a health Diagnosis that might make it harder to pass the underwriting process. *Replacing Retirement Benefits Life insurance is often marketed as income replacement for an Insured person during their working years, but some retirees may Choose to keep theirs after leaving work. It can be used to replace The loss of any retirement income for their spouse or any dependents. *Investment Permanent life insurance can provide you with a potential income Source. You can access your cash value once it has buil...

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