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.
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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.
Working a full-time job and dealing with all the hustle and bustle of everyday life can be stressful. One of the main factors why people lose touch of their life is because of the increasing culture of "workaholism"; letting people spend less time with their families and themselves in the process. Getting yourself all perked up and loose once in a while can do wonders for your work-life balance - making you more pumped up to take on the days in the office.
Here are a few things to help you find that balance: Life insurance is a risk management tool that secures your immediate family or other beneficiaries by the time of your death. It can also serve as an instrument to safeguard your life after retirement.
Many insurance agents encourage millennials or people in their 30s or 40s to purchase at least 10-year term insurance policy as a form of life investment. With much convincing, people still need valuable situations on why they should buy a coverage. Financial planning gets more and more complicated as you get older. Moreover, these days, financial planning is not as simple as before. There are just too many financial products out there and so it is easy for you to get overwhelmed and confused by the sheer amount of information out there. Your financial responsibilities further compound your confusion.
Should anything bad happen, a stay-at-home parent can benefit from life insurance. For example, the life policy can help the other working parent take a leave from work. It can also cover the cost of education, child care, daily transportation, and home maintenance.
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