The best time to plant a tree was twenty years ago.
The next best time is today!
Many people ask me when is the best time to get life insurance.
Three good reasons to talk about the future, today:
You have worked hard to create the life you want. Now might be a good time to talk about what would it take to preserve what you’ve created.
What is your main source of happiness? What makes you smile?
Is your family secure?
Talking about your family’s financial security is an opportunity to find and cover the gaps in your protection. Certainly you do your best to provide for their current needs, but you have a chance to be proactive about their future. Do you have a savings account or a college fund? Do your “most important things” occupy an equally important place in your budget? Have you made sure that you’re not leaving your family in debt or struggling?
It’s human nature to put off dealing with big life decisions. We all do it. But life is unpredictable.
Take a look at the life you’ve created, plan how it might unfold without you, then get back to the business of enjoying it.
The important thing is to simply begin.
Often we avoid “what if” talk because it recognizes that things could change, that there might someday be a shift in the status quo. But asking “what if?” can lead to rich and important conversations and it’s also a way of making or revising plans. The idea is to troubleshoot as much as possible now so that some of life’s most emotional times aren’t also full of questions and confusion. Chances are good that giving voice to various possibilities, then deciding on a game plan, will be a very comforting exercise, now and later.
Be flexible. If and when your life changes, your plans might need to change too.
When was the last time you have checked your protection plans? Your income might have changed. Your children may no longer be dependent, or your family may have expanded. Also, your plans for retirement might have undergone a complete retooling.
It’s a good idea to revisit your protection plans at least annually.
The good news
There is insurance available to help in each and every step, you don’t have to support the costs alone, if you can’t:
Mortgage insurance: Female, age 35 – can get $200,000 mortgage insurance for $50/mo. (protection for 30 years, and includes involuntary unemployment)
Income protection with Disability insurance – it goes to work when you can’t: Male, age 35 – can get $3,000 income per month – for $31.39/mo. (white collar, 5 years benefit period, total potential benefit $180,000)
What kind of insurance do I need?
A good protection plan will include a combination of different types of insurance: life, mortgage protection and disability income. LifeGuy will help you decide what the perfect bundle of benefits is right for your situation and budget.
The BEST news: It’s time for some payback!
You can get all your money back at the end of the insurance contract, if you didn’t use the benefits! Return of Premium (ROP) rider is available to add on your Life Insurance, Mortgage Protection or Disability Insurance, for an additional premium. The premium for the ROP rider will also be returned at the end of the contract.
Call the LifeGuy now: 239-LIFE-GUY or email Insurance@LifeGuy.com for a free financial review.