Unlocking Peace of Mind: Addressing Your Life Insurance Worries.
When it comes to discussing life insurance and future financial plans, it’s not uncommon for you to experience anxiety and concerns. Life insurance is a difficult topic that no one wants to think about, but it plays a vital part in protecting your loved ones, now and in the distant future.
Determining the next steps to take—including navigating misconceptions you might have about life insurance—is key in choosing the right plan that fits your needs. Here are a few common concerns you might have about life insurance and our answers to them.
"I don't need life insurance."
You aren’t alone in these sentiments. It’s quite common for people to underestimate their life insurance needs until they do a thorough assessment into how it can safeguard their loved ones.
We, too, hope there will never be an occasion for you to need life insurance to care for your family in your place. But life is full of uncertainties and surprises, and a life insurance policy is one way for you to be prepared for anything that might come your way. It might be an uncomfortable topic to contemplate now, but later in life, if circumstances change, it won’t be a regret.
"I have all the life insurance I need at this stage in life."
Life is in a constant flux of change. It never settles down or sits still. It stands to reason that, at some point, you’ll likely need to rethink the level of life insurance coverage you need. It’s advisable to think about all your life insurance options available now, when you’re in good health and life insurance rates are most affordable.
"Life insurance is too expensive. I can't afford it."
Life insurance isn’t one-size-fits-all; there are different types and plans, many with flexible and cost-effective premiums that may be a better option for what you need.
While life insurance premiums might seem financially inaccessible and a luxury, the cost of not protecting your family’s financial future in the case of an emergency can be more expensive in the long run. There are life insurance options that allow flexible payments, which can accommodate future changes in your financial status.
"Isn't life insurance just a waste of my money? I'll never be able to get that money back."
Life insurance is more than just a benefit you purchase; it’s peace of mind when the most unexpected and turbulent moments of your lives happen.
Depending on the plan, it can serve as an asset accompanied by various tax advantages and as a means of paying off lingering debt, such as student loans, medical bills, and mortgages. It can also cover necessities such as childcare, household bills, and final expenses, which can be expensive without the financial buffer life insurance can provide.
Let’s explore your current circumstances and financial needs to determine whether your family would benefit from the numerous life insurance advantages.
"If anything unexpected happens to me, my spouse can find work and support our family."
We’re relieved to know your spouse can return to work and support your family if anything happens to you. With inflation and the rising cost of living, this might not be enough in the future. They might have to pay for childcare, education, medical expenses, credit card bills, home utilities, and so much more on top of your final expenses.
Life insurance can help give them the funds to navigate that difficult time without financial worries. This is a choice the two of you will need to make as a couple. It’s important to remember that life insurance can grant them a grace period to get final affairs in order, look for childcare, pay for professional development, and find the best job to support your family.
Ready to talk about life insurance?
With competitive life insurance products and cutting edge, yet user-friendly technology, Enrollment First is here to help you explore all available options for securing your legacy. To get started, call us at (866) 951-8404 to speak with a representative about our upcoming life insurance options.