Sticker Shock Affects your Decision – life insurance mistake #7

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Posted on 6th July 2011 by Rita in Life Insurance Mistakes

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Sticker Shock…

The purpose of Life Insurance is to PROVIDE. It is not intended to PROVIDE with superabundance.

Most people think Life Insurance is “Too Expensive”. Probably in part because many do not understand the actual cost of insuring a life. (view: life insurance needs worksheet)

Would your household have trouble meeting expenses if the primary or secondary income earner died today?

Many reports are stating the U.S. Is at a 50 year low for life insurance ownership. In turn this means many Americans are at risk and may experience serious financial challenges.

While many loses in life can not be planned for financially, losing a loved one is very tragic, but can be planned for. Loved ones left to deal with this tragedy do not need the added stress and life changing events happen when the household funds have stopped, putting them in a financial crisis.

Making Life Insurance an essential part of your financial planning is all about replacing the income of a wage earner who has passed away.

Tips:

  • Term Life Insurance is almost always the least expensive way to obtain Life Insurance.
  • Some is better than NONE! If the amount of coverage that would be ideal for your household doesn’t fit into your budget… always, always remember Some is better than none!

Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.


Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
View INSTANT Term-Life Quote: www.insureyourfamily.com
If you prefer to speak with a local financial representative, call or email your request and you will be connected with a representative in your area.
Contact info: Phone: 800.541.5858 Email: rita.sollie@nclife.com or Live Chat below.

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