1. For a lower premium — life insurance premiums are based, in part, on your age. This means the sooner you act, the better your premium will be
2. To protect your future insurability — no one knows what the future holds and changes in your health could prevent you from qualifying for life insurance. The best time to buy a life policy is when you are young and healthy.
3. Considering a job change? — Life insurance thru your employer may be insufficient for your needs, and could go away altogether when you change jobs. Purchasing your own life policy keeps you in control.
4. Because people are counting on you — No one can predict the future, but we can all choose to purchase financial protection. In the event of unforseen circumstances, help make sure your loved ones are financially protected.
5. In response to a recent life event — Marriage, the birth of a child, divorce, a new home or retirement can all trigger the need for life insurance to protect your loved ones financial future.
6 You are vacationing soon — Before you take your next vacation, it’s a good idea to have your financial affairs in order, including life insurance.
7. Your business may require it — Some commercial bank loans or lines of credit require life insurance protection. Buy-sell agreements pertaining to business partnerships require partners to be covered under a key person policy.
8. To stay ahead of changing tax laws — Many 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 position to be grandfathered in as these changes occur.
9. You have personal experience — Perhaps you know someone who’s lost a loved on and have seen ho9w life insuracne can add security in a difficult time. On the other hand, perhaps you have seen just the opposite and are determined to make sure your family is taken care of.
10. For living expenses and to pay off debts — Proceeds from a life insurance policy can be used to help pay funeral expenses, make mortgage payments, cover child care, pay off credit cards and other debt, or provide for an elderly relative.
Some life insurance is better than none!! If you have questions, I’d love to be the one to guide you thru the many options and solutions available to you. www.philminnesagency.com
