What is life insurance?
Life insurance are funds you save for your family in the event of your death. You make a contract with an insurance company, which promises to provide an amount of money (the death benefit) to your family (beneficiaries) upon your death. In return, you pay your premiums, periodic payments to the insurance company. In addition, life insurance can be used as a means of investment or saving.
Why is it important for me?
Life insurance is always important for anyone, but if you have a spouse, if you're a parent, if you have an aging loved one who depends on your income, if your retirement savings are not enough to insure your future, if you have a sizeable estate, if you own a business, if you have bills, a car loan or a mortgage, if your family depends on your income to live, if your income is necessary to maintain the family household and if your dependents may have financial problems if you die, life insurance is necessary for you. The policy's death benefit can fund your dependents' needs for a long time after you're gone.
Am I making the right decision?
By buying life insurance, you're making a long-term commitment. That is why it is very important that you know exactly what you're buying and get the right advice from the people who know about life insurance. Before buying any policy, ask yourself these questions:
- If I were to die, what would my children, spouse or dependents need in order to continue living according to the lifestyle you have provided for them?
- Do I need income for my retirement?
- Do I need to accumulate funds for education?
- Do I need an alternative way to pay estate taxes?
- How much will I be able to pay for a policy?
- Am I buying a safe policy?
Doing some homework is a good idea. Read, ask, and learn about it before you make your decision.
When should I buy Life Insurance?
To more accurately determine your family´s life insurance needs, it is important to take into consideration what your life stage is and understand what your responsibilities might mean in financial terms, should an unforeseen event occur.
Getting Married
A great moment in your life: there are two of you now. It is time to plan for your other half's wellbeing, should anything happen to you. Regardless of how dependent on your income your spouse may be, it is important to provide for the future should you pass away first.
For more information on the kind of insurance you need and how much insurance is right for you if you are getting married, please call 1-800-445-6758 or contact us.
Starting a Family
Now there's a baby on the way. A child that will depend on you and your income for many years to come. It is your intention to always be there for your child, but that may not be the case. Therefore, it is crucial to secure the little one's future, should anything happen to you.
For more information on the kind of insurance you need and how much insurance is right for you if you are starting a family, please call 1-800-445-6758 or contact us.
Home Owner
The house you've always dreamt of is now yours. Your family now has the tranquility of owning a home. Yet, there is mortgage to pay and that responsibility will fall on your loved ones should anything happen to you. It is time to secure your family's home and financial future.
For more information on the kind of insurance you need and how much insurance is right for you if you are buying a home or recently bought one, please call 1-800-445-6758 or contact us.
Planning for College
Have you planned for your children's education? You can insure their future if something should happen to you, by protecting their college expenses.
For more information on the kind of insurance you need and how much insurance is right for you if you are planning your children's education, please call 1-800-445-6758 or contact us.
Retired Person
If you have reached the stage in your life where you want to retire, you need to think about insurance because you still have financial decisions to make. You don't want to leave your loved ones with financial burdens such as your funeral expenses.
For more information on the kind of insurance you need and how much insurance is right for you if you are retiring, please call 1-800-445-6758 or contact us.