Lets face it. Life Insurance and insurance in general for that matter can be a dry topic that most people do not want to deal with and it often is put on the back burner of priorities. The only issue with the back burner is that when a sudden change in your plans occurs such as a pre-mature death or illness, there will be no salvation or refuge, only regret for not doing the right thing sooner. I frequently repeat this phrase to people and it is even in my e-mail signature: "The decision to purchase life insurance will never be too important or too urgent until it is too late". To me that makes complete sense.
Statistically, only 1 in 6 people have ever been educated on or approached in the subject of life insurance which tells me that many families out there will not recover easily if say the breadwinner of their household passes away unexpectedly and they are struggling to come up with funeral expenses, pay their mortgage and pay off their debt. All you need to do is watch the news where they constantly broadcast scenarios such a father of four who was killed in a car wreck and their family or church has set up a fund-raiser to pay for his final expenses and help the family through the difficult time. A simple life insurance policy would have solved all of that for as low as $10-$20 monthly.
What is Term Life Insurance?
Statistically, only 1 in 6 people have ever been educated on or approached in the subject of life insurance which tells me that many families out there will not recover easily if say the breadwinner of their household passes away unexpectedly and they are struggling to come up with funeral expenses, pay their mortgage and pay off their debt. All you need to do is watch the news where they constantly broadcast scenarios such a father of four who was killed in a car wreck and their family or church has set up a fund-raiser to pay for his final expenses and help the family through the difficult time. A simple life insurance policy would have solved all of that for as low as $10-$20 monthly.
What is Term Life Insurance?
Term Life insurance policies generally offer the greatest amount of coverage for the lowest initial cost – they are the most straightforward form of coverage. If you have shorter-term needs and limited money to spend on insurance, a Term Life insurance policy may be the best fit for you.
Policyholders generally pay a premium on a monthly or annual basis for the length of that term. Proceeds help to cover financial responsibilities that decrease or end over time, like mortgages or car loans, should something happen to the insured. With Term Life policies, premiums can increase at the end of the fixed-term period.
Term Life insurance policies are typically used to help provide additional Life insurance coverage during child-raising years, to help pay for short-term debts, help pay off a mortgage, or fund a college education should something unexpected happen
In my Future Blogs, I will get into further detail on other types of life insurance as there are many. Ifyou read this far, I appreciate your taking time to learn the basics about one of the most important products I protect my customer's lives with.
Please contact me at my Farmers Insurance Agency to discuss any type of insurance you have questions with including Home, Auto, Life and Business Insurance.
Sincerely,
Jeff Milber
https://www.facebook.com/pages/Jeff-Milber-Farmers-Agency/667812869993388?ref=hl
http://www.farmersagent.com/jmilber
Policyholders generally pay a premium on a monthly or annual basis for the length of that term. Proceeds help to cover financial responsibilities that decrease or end over time, like mortgages or car loans, should something happen to the insured. With Term Life policies, premiums can increase at the end of the fixed-term period.
Term Life insurance policies are typically used to help provide additional Life insurance coverage during child-raising years, to help pay for short-term debts, help pay off a mortgage, or fund a college education should something unexpected happen
In my Future Blogs, I will get into further detail on other types of life insurance as there are many. Ifyou read this far, I appreciate your taking time to learn the basics about one of the most important products I protect my customer's lives with.
Please contact me at my Farmers Insurance Agency to discuss any type of insurance you have questions with including Home, Auto, Life and Business Insurance.
Sincerely,
Jeff Milber
https://www.facebook.com/pages/Jeff-Milber-Farmers-Agency/667812869993388?ref=hl
http://www.farmersagent.com/jmilber
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