Considering one's own mortality is not a pleasant topic, but it is a reality that we must all face. Despite this, 35% of Americans do not have life insurance to provide financial protection for their loved ones after their passing. There are many potential reasons for this, but some of the most common include:
1. "I don't have a need for life insurance."
While it is true that some individuals may not require life insurance, this is often not the case. If you have dependents who rely on your income, outstanding debts such as a mortgage, or if you want to leave money to your family or a charity, you likely need life insurance. It is rare for someone to have the funds readily available to cover all expenses and fulfill all their wishes after their death.
2. "Life insurance is too expensive."
Monthly premiums are based on non-smoking rates and can vary slightly based on underwriting. Here are some sample rates for $150,000 of coverage locked in for 15 years:
3. "Life insurance is a hassle to get."
As independent brokers, we have access to a range of life insurance companies that specialize in different areas. It is our job to find the best rate, product, and plan of benefits for our clients. Many of our life insurance companies offer electronic applications, so there is no need for paperwork.
4. "I don't know anything about life insurance and don't know where to start."
Life insurance is something that you may not realize how important it is until it is needed. It can be used to pay final expenses, replace income, pay off a mortgage, and fund college education. Contact us today to learn more and protect your family's financial future.
By setting up a meeting with us, we can discuss your personal situation and determine the best options for you and your family.
There is no obligation and this is an opportunity to review your current circumstances.
Contact our office to schedule a convenient time to meet.
Employee Benefits Group, LLC
Phone: (317) 865-9151
Fax: (317) 245-2102
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