With the ongoing surge of the COVID-19, many people think about getting life insurance to protect their loved ones from mishaps. The problem is, the implementation of social distancing made it so hard to procure an insurance policy and most insurance companies are being careful in insuring people with serious medical issues. Especially with the changes made to the life insurance coverage due to the global pandemic. Here are some key points to consider when getting life insurance.
According to this article by Forbes, people in their twenties have a YOLO or “you only live once” approach to life. Organizing brunches or planning their next getaway, millennials are too engrossed in being ‘at the moment’ and unfazed about what the future may bring. That said, It’s a good thing to teach young people about life insurance as early as now to help secure their future. If you know anyone who needs help, here’s what they need to know.
Life insurance is a concept many people know of, but do not fully grasp. A nationwide study revealed that of all the respondents, 57% owned life insurance policies but only 28% had a clear understanding of what it is about. Here you will learn why getting a life insurance policy is important, and how it can actually protect your family.
A strong financial foundation for young adults begins with having life insurance. Young people tend to put off having any type of insurance for several reasons such as low income or having debts. Thus, not having the urgent need to stay protected. What they don't realize from a clear view is that life insurance may fill various financial needs. But does having it while young make sense?
Here are some reasons to get any type of insurance while in your 20's or 30's:
One can never foresee what may happen tomorrow. However, there is no problem with anticipating or looking at the worst-case scenario. Below are five reasons why you should consider getting life insurance in preparing for your future.
We all know the main benefits of having life insurance: financial security for your family on your untimely passing. Life insurance will make sure that your family will still be able to make ends meet like your daily expenses, payment for mortgages, an investment for your child’s college education, and etc.
However, insurance companies have different policies from one another and you might not be sure if your payment plan really suits your needs. Here’s where an independent life insurance agent will help.
In the second quarter of 2019, the average life insurance sales in the U.S. went static. From 2018’s 4% drop to this year’s 5% decrease, according to U.S. Retail Individual Life Insurance Sales Survey, LIMRA.
Let us go through the different reasons or challenges Life Insurance companies have encountered over the years. Here are four reasons why life insurance sales declined in 2019.
All people seek for their purpose in life, and how each can live it to the fullest. Some people are born with their dreams and goals in mind. They are set to achieve their life goals no matter what. Due to this, wanting to become effective only comes second despite its importance. Here are four reasons why you need to be effective in life:
Many people are good at controlling other people. But ironically, the most difficult person to control is one's self. Why is that so?
One might get tired of making his or her "New Year's Resolution." The resolutions that he made five years ago are the same resolutions that he has been making for the last five years. That's because he lacks one important thing which is - willpower!
If you are managing addictions or maintaining discipline, here are few of the major guidelines in developing and maintaining willpower:
If you have pets at home which you give as much love and attention as that of a baby, then you can consider yourself a fur-parent. Owning one does not mean you’re instantly a fur-parent. There are so many self-proclaimed fur parents who don't know what responsible fur-parenting entails. For you to be an expert in this department, there are ways that you need to follow.