When should you consider getting life insurance?
You may be thinking: Should I sign up for a life insurance policy?
While we would bet that after weighing the pros and cons the answer will be a resounding YES!, you may be struggling with the financial decision to add yet *another* monthly payment. Below are a few things to consider that may influence your decision to sign up or to wait.
*Tip: For the average young healthy person, when you think you don’t need life insurance may actually be the best time to sign up. The insurance carrier sees your age and health status as low risk and therefore offers much lower rates, making it more affordable, and allowing you to carry those same rates for decades.
Some things to consider…
Family & Personal Finances
If I hadn’t come home yesterday…
Could my family maintain their lifestyle?
Do I have unpaid college tuition, car or personal loans, or any other debts?
Significant Life Event
Am I recently married?
Did I have a child?
Have I purchased a home?
Business Owners & Key Employees
How would my business continue without me?
Do executives have incentive to stay?
Is there a succession plan in place?
If you would like to discuss your insurance needs with an insurance specialist, please contact us today.
You may also be interested in:
While it’s easy to focus on treating symptoms once they arise, a proactive approach centered on preventive care can make a significant difference in your health and well-being during the colder months. Here are some key strategies to help you stay healthy this winter.