Most people know that life insurance can be an invaluable resource, in the event of an untimely death. Not only are funeral and burial expenses prohibitive these days; most families would struggle to survive on only one income. Yet, many people resist enrolling in a life insurance plan because they view the premiums as yet another monthly expense. Most of us don’t enjoy paying bills, especially for something that seems a bit abstract.
We have a bit of good news: Life insurance is actually more affordable than you probably believe and yes, you can afford a policy!
Can you afford not to insure yourself? What would happen to your loved ones, if they lost you today? Would they be able to pay the mortgage, keep food on the table, and keep the lights on? What about school tuition or other financial obligations? When you look at it this way, most families can’t afford to skip life insurance.
Premiums are probably much lower than you imagine. The Life Insurance Research Marketing Association recently polled American households on their perceptions of this type of insurance. What they found was interesting: When asked to estimate the cost of a $250,000 life insurance policy for a healthy 30-year-old, many respondents vastly overestimated the average monthly premium. In fact, the median guess was more than double the actual cost of such a policy!
The bottom line is, you’re probably imagining that the cost of life insurance is far greater than it actually would be.
There are several ways to avoid monthly premiums. If you just hate the idea of adding yet another bill to your monthly obligations, we can devise creative strategies to avoid that. Perhaps your tax refund check will cover a year’s worth of premiums. Maybe a work bonus check could give the gift of security to your family. Some people even establish automatic payroll deductions, so that they don’t have to remember to write yet another check each month.
The bottom line is that you can’t really afford to skip life insurance, and a good policy is probably much more affordable than you think, anyway. So come visit us, and we’ll help you determine how much insurance you need, and can afford, and then together we’ll locate the policy that is right for you and your family.