August is Life Insurance Awareness Month!
Life Insurance... Everyone knows somebody who has had a loved one die unexpectedly. We all have many stories of famlies who've been forced to change their lifestyle dramatically because of the unexpected loss of a breadwinner or a homemaker spouse/partner.
All one needs to do is to think about what YOUR family would do if you suddenly were not there. If you were the breadwinner, how would your spouse/partner and children deal with the loss of your income on top of the loss of you? If you are a homemaker or "Stay at Home Parent", how would your spouse/partner deal with the loss and replace all that you do? Just google the average cost of full time childcare and housekeepers in your area...how much per year would it cost to replace YOU? What about paying the mortgage or rent? What about all those plans you had for your children as they grow up?
Whether you're 25 years old and single or older with a family, there is a policy for you. With the array of products available on the market today, there is no situation we cannot insure for, no budget we cannot work around.
Do this exercize; take a ledger and write down every nickle you spend throughout the month whether it's cash, credit or check and write down what you spent it on whether it's a soda and a candy bar when you stop for gas (shockingly, LOTS of people spend more than they know on items like this) or "impulse" items at the checkout stand at Target or the market. Do this for one month then total things up.... turn the light on!, illuminate your spending habits and take measures to stop the things you see that are unnecessary. I promise you, you'll see that you can afford to allocate something toward your retirement and your Life Insurance.....the two most important things you can save for starting ASAP!
By buying Life Insurance when you're young and healthy ensures you will be getting the best "rating" which leads to the least expensive premiums for the life of your policy. It's amazing to see how much of an estate you can build using Life Insurance products. There are products today that pay more interest than any bank with no downside market risk like the stock market has. The Indexed Universal Life Products of today are paying a minimum "guaranteed" interest rate of 2% with no downside risk of loss of your principal and any interest earned should the stockmarket crash. The historical data shows that over the decades, the "average" has resulted in overall earnings of approximately 9%! Those that lost in the market is because of the risk inherant in the stockmarket.
Contact me for a quote or to discuss what may be the best way for you to move forward and get on track with Life Insurance!