- For a potentially lower premium. Your life insurance premium is based, in part, on your age. So the sooner you act, the sooner you may be able to take advantage of a lower premium.
- Because your health may change. Somewhere down the road, failing health could prevent you from qualifying for life insurance. The time to buy life insurance is while you are in good health.
- In case of a job change. Life insurance through your employer may be insufficient for your needs, and could be gone if you were to leave or lose your job. And a new position doesn’t always come with life insurance benefits.
- Because people count on you. You may not know what the future will bring, but you can choose to ask about financial protection. In the event of your death, help make sure your loved ones are financially protected.
- In response to a recent life event. Marriage, the birth or adoption of a child, divorce, a new home or retirement can all trigger the need for life insurance to protect your loved ones’ financial future.
- For living expenses and to pay off debts. Proceeds from a life insurance policy can be used to help pay funeral expenses, make mortgage or rent payments, cover child care, pay off outstanding credit card or loan debt, provide care for an elderly or disabled relative and more.
- Your business may require it. Business owners are often required to purchase life insurance in order to protect partners and creditors, and to ensure the business is able to continue.
- To stay ahead of changing tax laws or regulations. Some life insurance policies offer tax advantages that are subject to change as new tax legislation arises. By purchasing life insurance now, you may be in a position to be grandfathered in as changes occur.
- You have personal experience. Perhaps you know someone who’s lost a loved one and have seen firsthand how life insurance can add security in a difficult time. On the other hand, maybe you’ve seen just the opposite and are determined to make sure your family is taken care of.
- Coverage may not be as expensive as you think. Most people overestimate the cost of life insurance.
Contact Thomas Muntean of American Family Insurance at 440.832.9257 to find a plan that fits you.