Purchase Life Insurance Now
It is something that no one likes to think about — their own death. It is a reality of life, however, and one that must be faced head on, especially if you have people who depend on you for their financial support. Purchasing life insurance is one of the best ways to ease an already emotional and traumatic period of time in your loved ones’ lives. Here are five reasons why purchasing life insurance is important.
Rates will be more affordable
Most young people in their 20s and early 30s do not really consider the necessity of life insurance. This is particularly true if you are healthy, active, and do not have a family. By purchasing insurance now — when you are at your peak of health — you will not only ensure that your burial and service expenses are paid in the event that the unthinkable happens, but you will also lock in lower rates.
You leave your family with valuable resources
In many cases, the death of a loved one comes suddenly, when it is least expected. It is easy to get caught up in the busyness of everyday life and put the purchase of life insurance off for another day. All too often, though, a death occurs, leaving loved ones behind who are not only grappling with the emotional turmoil caused by such an event, but also the financial pressures as well. Financial options such as fundraising sites put a great deal of pressure on your family at a time when their emotional resources are already dangerously low. In addition, having to promote a fundraising event takes a great deal of time that could better be used taking care of themselves or other family members that need support.
Life insurance is flexible
Life insurance is not a one-size-fits-all product. Insurance agents realize that people have many different needs when it comes to purchasing insurance, and life insurance is no exception. With so many different variables, life insurance products such as whole, term, and universal life insurance can often be crafted to better meet the particular needs of person. Speak to your insurance agent directly to determine which type of insurance is best for you.
Coverage at work probably isn’t enough
If your employer offers you life insurance, you can consider yourself pretty lucky. You also might be breathing a sigh of relief that could leave you thinking that you have sufficient coverage in the event of your untimely passing when, in reality, you do not. While life insurance obtained through your employer can provide a good foundation, you likely need more — especially if you have expenses and responsibilities such as a mortgage, children, or aging parents you must care for.
Plans are affordable
Perhaps it is because some other forms of insurance can cost more than you expect that there is often the perception that life insurance is pricey. In reality, though, life insurance is affordable for most people. In fact, many people qualify for rates that are less than $50 a month. Some people might even be able to obtain coverage for under $20 per month. Your individual rates will vary depending on a number of factors such as age, gender, and health.
Landeche Insurance Agency provides a full range of insurance options to meet the varied needs of today. Contact us to obtain a life insurance quote and get started finding the right life insurance plan to meet your unique needs.