Life Insurance. I Know - You're getting this vision of some pushy insurance salesman
knocking on your door trying to sell you a policy that covers you for accidents only,
and you're left with the uncertainty of what you're actually getting - well with
all the disclaimers, you really won't know until it's time to collect, right??? We
at Mr. Insurance prefer to call what we offer "LIFE ASSURANCE" because it is assuring
you that your life is covered in the event of death and that what your life is insured
for, will be paid out to your estate or policy owner. How many of you actually have
coverage in place? I know of lots of my friends, who are in their 20's and 30's and
even 40's who don't have coverage because 1) they don't know anything about (lack
of education) and 2) they don't think they need it and see it as an extra cost. How
little they know... like anything, the earlier you start, the cheaper it is...
Following are 5 important reasons why YOU should have "life assurance" and why those
around you too should invest in this:
REASON 1 - HELLO? Do you have any bills, like maybe a mortgage?? This alone is a
pertinent reason to have life assurance... it means that should you die, this major
bill will be paid off and not left to your survivors to deal with!
REASON 2 - Young, fit and healthy? No ailments? Then this is the best time to get
life assurance! Your premium will be small and if you take out a policy that allows
you to keep the same premium until the age of 65, you will have considerable savings...
the earlier you start, the better. And then if you develop any health issues throughout
your life, it doesn't matter, because you already have coverage in place!
REASON 3 - Are you married? Do you care about your spouse? Then is it not thoughtful
to make sure that your spouse does not have to worry about money should you pass
before they do and vice versa? I know a couple who cancelled their life insurance
and then 6 months later he was diagnosed as having stomach cancer, and died 18 months
later... leaving behind a wife and two children still at home and a mortgage... and
no monetary relief for his family. Is this what you want to put your partner through?
REASON 4 - Want to leave a legacy for your future grandchildren? What better way
then ensuring your estate will actually have some legacy to pass on! You can elect
in your will to have the proceeds of your life assurance paid directly to your estate
and then as per your will, divvy up the proceeds.
REASON 5 - Peace of mind... yours that is. If you can't afford health insurance or
any other insurance, you can afford life insurance... and should you develop a terminal
disease... your life insurance will pay out a lump sum upon confirmation of this,
allowing you to fulfill any dreams you have not achieved or to get your affairs in
order.
There are many more reasons I could go into here, but you get the gist… just like
you wouldn’t risk not having your car insured or your house or contents… how can
you not insure your number one asset… yourself?
