091421 Why is life insurance worth it?

Life insurance is absolutely essential if there’s someone you care

about who would suffer if you and your financial contributions

were no longer in the picture.

This could include a spouse, children, disabled family members,

aging parents or anyone else who depends on your earnings to

make ends meet.

There are several different types of life insurance. But what they

all have in common is that they pay cash to your loved ones in the

event you pass away. This lets you’re nearest and dearest remain

on firm financial ground even though your earnings have stopped.

From the mortgage to child care costs to the weekly grocery haul,

you already know that life comes with many expenses. We all do

so much to take care of our loved ones in the here and now, but

many people don’t consider how those left behind would manage

if the unthinkable were to happen.

Over the years, we’ve heard from countless people who were

extremely grateful to have a financial lifeline in the form of life

insurance. And we’ve sadly also heard from those who didn’t

have life insurance to rely on when a breadwinner passed away.

https://lifehappens.org/life-insurance-101/why-is-life-insurance-worth-it/

Comments

022823 The 9 Benefits of Whole Life Insurance...

(1) Provide for Loved Ones… It’s the basic need everyone thinks about. You have a young family. You are the major breadwinner. Something happens to you. How is Your family supposed to make ends meet? It’s a form of protection. Peace of mind. (2) Key Man Insurance… You and your partner own a business. It’s grown. Many employees Depend on you. If something happens to your partner, it’s likely their Spouse or family will inherit their share of the business. Cash would Be a lot more useful to them. Life insurance on both partners can Provide the cash to buy out heirs and keep the business intact. (3) Emergency Loans… Hopefully your client lives a long life. The whole life policy accumulates Cash value, eventually growing to the full face value, or beyond. Many Policies allow you to borrow money against the cash value. You would pay interest. (4) Funding Estate Taxes… Your client owns a farm. It’s your major asset. It’s illiqui

081022 Is Life Insurance Worth It?

The decision to buy life insurance is personal. So many of the insurance calculations depend on your circumstances, Financial situation and future plans. Even individuals who don’t currently have dependents, a business, Or significant debt may want to look into getting life insurance. That’s because the cost will go up as you age, which means that right Now is likely the cheapest time for you to buy a policy. Even the best planners can’t predict the financial fallout of your demise. Carrying some life insurance can provide a layer of financial protection For your beneficiaries. Thinking through the potential financial issues that could arise after your Death can help you answer the big questions: when, and how much Life insurance you should buy, if any. - Emily Guy Birken https://www.thebalance.com/who-needs-life-insurance-2645793#toc-why-buy-life-insurance Hayden Childs Alabama Licensed Agent (205) 269-1382 www.haydench

050922 How Much Does Life Insurance Cost?

The cost of life insurance varies significantly depending on several different factors. One of the biggest cost factors will be the type of life insurance you buy. For example, a term life insurance policy is significantly less expensive than a Whole life insurance policy for the same amount of coverage. Here are some of the most common factors affecting life insurance rates… Age… The younger you are when you buy a policy the less you’ll pay. That’s because your chance of death is smaller. Sex… Females have a life expectancy that is nearly five years longer than males, according to the National Center for Health Statistics. This means that men generally pay more for life insurance than women (except in Montana where insurers must provide gender neutral life insurance rates). Health… Your health has a major impact on your life insurance rates. The insurer will evaluate your past and current medical conditions in order to

Hayden at got insurance?

Search This Blog