As we embark on a brand new year. As we commit and - in some cases- recommit to promises we made to ourselves to "do things better" going forward, especially as we stare down a whole new set of adverse macroeconomic factors...
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Ask any insurance sales professional and they will tell you that one of the most common questions they get, especially those in the individual insurance market, is "when is the best time to get life insurance coverage?".
Now, to be fair, ideally - historically, folks would avail themselves of the various workplace options that used to be commonplace in the corporate environment.
We all had life insurance coverage at some point, whether we realized it or not. Right? we signed up for the benefits package at our place of employment and we went ahead and checked the box to include life insurance.
These are often inexpensive term policies. With the proliferation of the "gig economy" and loss of robust benefits packages at most employment ecosystems, consumers are now, more than ever, cognizant of the need to look into and get some type of life insurance coverage. One that the consumer owns and controls, regardless of their employment status.
Promises made...
As we embark on a brand new year. As we commit and - in some cases- recommit to promises we made to ourselves to "do things better" going forward, especially as we stare down a whole new set of adverse macroeconomic factors. Ones that are sure to lead to higher unemployment numbers here in the U.S. and around the world, now is the time to reach out to a qualified insurance professional to help get the guidance you need to take the steps to protect the assets that you deem most important.
What is Term life insurance?
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
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