Every February is Insure Your Love Month for life insurance. During this month we ask our clients to think about what their death would mean financially to their families. Many of our clients underestimated what their income means to their family. For some clients they fell they have enough coverage through work. However, have you check out how much life insurance you need. A life insurance needs calculator is linked below. In addition to not knowing how much life insurance they need, they can overestimated the cost. Using Valentine’s Day as an example, the average money spent on Valentine’s Day gifts is $134. Life insurance could cost you as little as 150 for the year. What better gift than a gift of financial security for Valentine’s Day?
I have life insurance through work.
One of the most consistent arguments we here for not having life insurance is that you have it through work. One issue with having life insurance through work is, do you have enough? For insurance, a typical benefit through work might be one year’s salary or a flat 100,000. However, would that be enough to pay the bills and set any children up for their future? Would your family have to move to a new home due to the loss of your income? In addition, most people do not think about their own insurability. What would happen if you leave that job and your life insurance benefits stay. Being a little bit older, maybe having some health problems, would you be able to find an affordable life insurance policy. Getting life insurance at a young age can give you a low rate that will stay with you for the life of the policy.
I pay too much for insurance as it is.
True life insurance can be an increased cost. It can also possibly help you save money. In some cases a life insurance policy can give you a multi-policy discount saving your money on both your home and auto insurance. Some life insurance policies can also help you plan for retirement. A whole life policy can help you accumulate cash value as well as a death benefit. In conclusion we can help you with your life insurance questions and needs. We hope that everyone takes the time to think about their life insurance needs during Insure Your Love Month. You can reach us by 412-344-2800 or via our client center below.
Life Insurance Calculator: https://lifehappens.org/life-insurance-101/how-much-life-insurance-do-i-need/
Client Center: https://icpitt.com/client-center/
