The Magic of Life Insurance

LIFE

Life insurance isn’t fancy, its not a shiny car or a brand-new house, but it has its place in this world.  Insurance helps protect against life’s uncertainties.  You have to think to yourself, if the primary wage earner passes away, will you have trouble paying living expenses?  If you’re married, have a family/children, or own a business, then you are worrying about money constantly.  If the unthinkable happens are you going to be prepared?  A majority of people need life insurance and if you’re not sure if you fall in that category, consider these questions.

How much money do you have in savings?  If you were to disappear, would your family be financially stable? (Think mortgage, college, general living expenses) Don’t forget, funerals are not cheap.  Nothing adds insult to injury more than having to drain your life savings after losing a loved one.  Permanent life insurance also has benefits that can be used during your lifetime, you can get more out of it then just a death benefit.  Life insurance is an extremely important, undervalued asset, your excuse for not buying life insurance now will sound ridiculous after you need it.  Call today and find a policy that works for you.

DISABILITY

Disability insurance is often overlooked, you insure your car, your house, and even your life.  However, people forget their most valuable asset, your income.  Your ability to make a living is extremely important and disability will help pay a portion of your income if you can’t work for an extended period of time due to injury or illness.  When you’re young, you’re invincible and when people hear disability their minds drift to injury.  What people don’t realize is that illnesses like cancer, heart attacks, and diabetes are the cause of most disabilities.  More than one in four 20-year-olds will experience a disability for 90 days or more before they reach 67, according to the Social Security Administration.  If you were to suffer an injury or illness that lasted one year, it could wipe out 10 years’ worth of saving.  Everyone has the mindset “it won’t happen to me,” but if it does the consequences are harsh. 

"If you work for a living, and have no disability insurance, you effectively have no financial plan."  (Jane Bryant Quinn, Newsweek Economist, 1991)

Looking at it from another perspective, if your employer offered you a choice of two different payscales, which one would you take?

                             Pays While Healthy                   Pays if Sick or Hurt

Payscale A             $102,000/yr                                $ -0-

Payscale B             $100,000/yr                                $60,000/yr

 

 Find a fit for you, give us a call today.