September is the month dedicated to Life Insurance Awareness. Although it probably isn’t a subject you want to think about, being prepared for your family’s sake will ease the burden should you pass.
At iSCHURING, we can offer life insurance as an add-on to your home or auto policy. Just give us a call so we can go over the details and find which carrier will work best for you.
Life insurance can be purchased “whole” or in “terms” – “term” life insurance refers to a specific amount of time in which you are insured. This is often during your employment and will help your family should you expire during your working years. There are more details to consider, like the fact that “term” coverage doesn’t hold cash value until you expire, where as “whole” has the potential to accumulate value. For more on this, you will want to contact us to have an agent talk over the specifics and what would work best for you.
The earlier you purchase this type of insurance, the better. Shopping and securing life insurance while you are young and healthy will earn you great coverage at a smaller cost than if you were to shop in your senior years. Yes new father that hasn’t turned thirty yet, we are talking to you! You may be surprised at the low cost of life insurance, so please give us a call so we can at least give you some numbers to consider!
It is important to be aware of all of the details – and even caveats to certain policies. For example, payout may not be granted in the event of suicide or dangerous activity, such as sky diving. You will want to know the conditions of your policy before choosing which to go with.
When thinking about your beneficiary, consider having more than one. Named secondary beneficiaries will help exponentially if you and your primary both pass. Remember, the primary goal of life insurance isn’t for you, but to offer your family stability in the unfortunate event that you pass and are no longer able to provide for them.
With questions or to get started, give us a call!
iSCHURING’s Resource Center is meant to provide an overview of the topic, rather than an in-depth review. When deciding how this information applies to your specific situation, we recommend discussing with an iSCHURING licensed insurance agent. Any information provided at iSCHURING may also need to be reviewed by an attorney or tax consultant to determine the best course of action for your unique situation. No information may be copied, reprinted or otherwise reproduced without the expressed written consent of iSCHURING.com.
