Want to know why and for whom life insurance services are ideal for?
The conversation around life insurance tends to center around families and their financial futures—not single people. And because singles are conspicuously absent in the hundreds of blogs about life insurance, it can lead them to believe they don’t need it. This is not the case.
Life insurance is a protective measure against financial hardships befalling those closest to you. However, if you know anything about life insurance policies, you’ll know that there are certain factors that determine what kind of policy you receive.
Many people find life insurance to be complex and intimidating. while this is totally understandable, the importance of life insurance is immense to protect your loved ones from the financial barriers.
People who wait till they hit 70 before claiming their social security receive increased retirement income and benefits.
A constant increase in health care prices and the instances of diseases has made health insurance a necessity.
According to aggregate statistics, 43% of Americans don’t have life insurance as of 2019. The reasons for this range from “I don’t think I need it” and “the process is too confusing” to “I have no idea how much coverage I need.”
In case you’re wondering why you need insurance, accidents and mishaps do not come informed. 40,000 fatal car crashes occurred in 2018.
Americans owed $8.8 trillion in mortgage debt in 2018. However, according to experts, the mortgaged debt has been declining since 2013 which has helped recover the housing market after a constant decline of five years.
In addition to age, gender, smoking habits and health increasing your life insurance premium, alcohol consumption can also have a drastic effect at your insurance policy.