Making sure you provide for your loved ones after you’re gone is a truly selfless act. Each year on Valentine’s Day, we’re encouraged to show our love for those who are important to us. For that reason, the insurance industry has chosen February as a month to focus on the importance of life insurance. Here a few things to consider.
Workplace policies are generally only effective as long as you are a full-time employee with that company. A career change, going back to school, an extended illness, and a recovery from an injury or retirement can reduce or eliminate workplace policies.
Life insurance can be far less expensive than you might think; we see term policies for $10 per month, so there are policies for every budget.
Life insurance policies today can include coverage for many different life events such as chronic and critical illness that could help pay for home healthcare or long-term care if needed.
The best time to buy life insurance is always right now. It’s important to always have the coverage you need because you never know what changes life may bring.
Review your current policy with your agent to be sure it continues to meet your needs. With changes in the cost of living, $100,000 in the year 2000 won’t have the purchasing power of $100,000 in 2040.
What does life insurance really do? It provides food for the table and a roof over the heads of kids who have lost a parent; college educations and better opportunities in life; the little extras like ice cream cones, movie tickets and prom dresses; and retirement income for a spouse left behind.
Life insurance gives families time to grieve. In all, it’s an investment you make for those you love.
by Jeri Moberly | Feb 14, 2017
Author: Jeri Moberly
Source: TulsaWorld.com
Retrieved from: www.tulsaworld.com