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 built up to a

Certain level. Some policies also allow for an accelerated death benefit,

Which allows you to access the death benefit while you're still alive in

Case of a triggering event. That could include being diagnosed with a

Terminal illness, needing extreme medical intervention, or needing

Nursing home care.

- 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.haydenchilds.net

“The grief is bad enough,

Don’t leave the burden

To your family!”

https://www.rememberingalife.com/

Comments

112325 What I Am An Agent...

Hello, I’m Hayden Childs I am based in North Alabama. I reside in Lauderdale County, Florence, ALabama. I am an Independent Life Insurance Agent… That means I work for YOU to find YOU the best deal in coverage available. I am thankful to be in an industry that is a Blessing to people. You may be asking yourself … Hayden, why are you an insurance agent? That one is easy … I am doing this because I want to be a blessing to people. I care deeply about helping people meet their final expense and other insurance needs. I am a Christian businessman, and I conduct my business in an ethical and professional manner. I Believe in Life Insurance … If you have personal coverage, you know what I am talking about. In YOUR time of need YOU don't have to wonder, "Where is the money coming from?" For YOUR final expenses. YOU know because YOU made a responsible choice ...

052022 quotes about life insurance...

Fun is like life insurance. the older you get, the more it costs. - Kim Hubbard I don’t call it "Life Insurance," I call it "Love Insurance." We buy it because we want to leave a legacy for those we love. - Farshad Asl If a child, a spouse, or a parent depends on you and your income, you need life insurance. - Suze Orman Every month that you send a check to the life insurance company, you're making a bet with them. Don't worry, one day you'll win. - Nitya Prakash www.haydenchildsatgotinsurance.blogspot.com

032123 Tips to Avoid Delays in Your Life Insurance Claim...

1. Make Sure Your Beneficiaries are Current. I received a call from a client recently concerning her mother-in-law Who had passed. The primary beneficiary pre deceased the insured. No contingent beneficiary was named therefore this held up claim Payment. Policy-owners can name anyone as a beneficiary, from their spouse, Or ex-spouse, to children, siblings, parents, business partners, A charitable organization or a trust. Policy-owners may also designate a contingent beneficiary. This person or entity is a secondary recipient of the life insurance Policy payout. The contingent beneficiary will receive the death benefit if the primary Beneficiary dies or cannot be found before the policy pays out. Beneficiary designations need to be very clear and follow the Requirements of the life insurance policy. 2. Do Not Name a Minor. When an insured lists a minor as a beneficiary, a life insurance claim...

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