State Farmģ Agent
Many people realize the
need for life insurance but keep putting it off until it is
too late. You may think that life insurance is confusing,
expensive and complicated. You may think you donít know
enough to make the right decisions for you and your loved
ones. Postponing this decision leaves you and your family
Assumption #1: Iíll always be able to buy life
insurance. You could develop a health condition that
makes you uninsurable or could make life insurance too
costly for you.
Assumption #2: Iíll get life insurance later
when Iím older or have a family. Life insurance may be
needed at all stages of life. Whether married or single,
male or female, with or without children, you may have
financial obligations that need to be met. Life insurance
provides financial security for you and your loved ones.
Assumption #3: My family and I are covered by
the group insurance at work. To meet the future needs of
your family, you need to have 7 to 10 times your annual
income. Most group term insurance amounts offered by
employers wonít meet this need. And, when you donít work for
that employer any longer, you usually lose that coverage.
Assumption #4: My husband has life insurance
so I donít need it. Women often live longer than men but
not always. There are countless stories of men who had to
shoulder the family financial burden along with the
emotional burden after their wife passed away.
Assumption #5: My family can cover funeral and
burial expenses. Burying a spouse or loved one is the
most stressful time in a familyís life. Having life
insurance can reduce financial concerns for the family.
Take the time now to
review your needs and provide adequately for yourself and
your family. For more information, contact an insurance