Why don't we talk about Life Insurance?
So you see all the TV ads about life insurance. Yep I have my coverage through work or my Mom bought a policy on me when I was age 2.
Or you think why - just put me in a cardboard box. I don't want to leave a pile of money for the family to fight over!
Buying life insurance is to complicated - I don't have extra money - it's to confusing. All the high paid radio guys say buy term invest the difference.
Remember - when you have a big pile of money - it's easy to give advice on what you should do -not them.
What does Life insurance do? In the event of your death - it reduces the burden on your family of how to handle final expenses. Hospital, Funeral, Debts.
Why is it that all the TV ads only show you rates for 10 year term in Best Health? So you will at least look at their product.
Do you need Term Life insurance - sure do on a debt you have a defined length of payment on - Car & home loans. But how about over your entire life - do you know
exactly what the future may hold and your level of need? Will all your children be healthy and not require care after your gone?
Permanent life plans offer many of the benefits of term PLUS the added benefit of flexibility over your lifetime.
For myself I used the "borrowed" cash value for the downpayment on the home I presently live in. It can be an emergency fund that you have to think a little on before you
can get to it.
But I have had a policy to years - When was the last time you reviewed all the parts of the plan? People are living longer - newer plans may be better for you and your family.
Why not dig out those policies and let's review - Cost's you nothing but may provide some needed service.
Bill Quickel's - Insurance Plus Agencies Inc. 114 Court St. Pomeroy, Ohio 45769