Give the Gift of Protection, Love & Legacy this Valentines: Life Insurance
February – The month of love and romance has arrived! Struggling to find that perfect gift for your partner? Make this Valentine’s Day all the more special with an ultimate act of lasting love. Celebrate your love with a gift that goes on for life. Think beyond roses, chocolates, personalized jewelry and take a step further to express your everlasting love. This year give something that shows how much you care and communicates that are you are truly concerned. Give your loved one the gift of enduring health and happiness with life insurance. The proceeds of your policy will keep your special person protected against all the odds of life even when you are not around.
Reasons that Make Life Insurance the Best Gift for Valentine’s Day
Following are a few reasons to consider the gift of Life Insurance:
Protection
A life insurance policy protects your family against financial threats, foreclosures, and medical emergencies and keeps your family financially independent even when you are no longer there. It offers financial support that allows your family to pay for college tuition or keep a family business running.
Coverage
A life insurance policy keeps the funds flowing for future expenses when your income is not available. It is important to consult a financial advisor to determine how much money your family would need to maintain the present standard of living without your income. Know your coverage needs with a financial consultant.
Legacy
Moving beyond protection and coverage, a life insurance policy also allows you to transfer your estate and assets to your inheritors privately and faster.
Five Quick Tips to Help You Make a Sound Investment
Life Insurance Makes a Crucial Coverage For Loss of Income:
It is important that everyone has a life insurance policy because life is what happens to you when you are busy making your own plans. A life insurance keeps you covered for untimely events and unexpected debts.
Your Workplace Insurance May Not Last for a Lifetime:
Your workplace insurance may not cover you and your family as much as you think it does. Evaluate your policy and calculate if the amount is adequate to cover the needs of your family throughout their life when you are not there to provide for their comfort.
Now Is the Time to Think Life Insurance:
People typically think of investing in a life insurance policy when they get married, start a new business, start a family, or face unemployment because these are major milestones in life. But it is always better to stay prepared before your financial needs come to the forefront.
Consult a Trusted Financial Advisor for a Bespoke Plan:
People normally apply for insurance online and standard policies are not tailored to suit your specific financial needs. An experienced financial advisor can help you make an informed decision and determine the right plan that is in your best interest.
Review and Verify Your Policy for Discrepancies:
Be sure to have your policy reviewed by a financial advisor for discrepancies and ask everything that you need to know in order to keep your family’s future on track.
Life Insurance Types to Consider
Puzzled on picking the right policy? Below are two options to keep your family protected from unexpected financial expenses and lead a comfortable life:
Whole Life Insurance: A whole life insurance policy is appropriate for those who are looking for a long-term solution. It keeps you loved ones protected for life provided you continue to pay the premium. A whole life insurance policy may cost you more but it comes with a variety of benefits. You can consult a financial advisor to learn more about this option.
Term Life Insurance: A term life insurance plan comes with an assured coverage for a specified time frame. It comes with the flexibility to determine the insurance term and can be easily renewed for whole life insurance. It is relatively affordable and offers maximum coverage.
Life Insurance Benefits Go Beyond Tax Benefits
The best way to show your love and affection is by ensuring that your loved ones are taken care of even when you are gone. This valentine’s spend time with your significant other reviewing your current financial plans and coverage needs. It is important that you determine your financial goals and stay prepared for disability, disease, and funeral arrangements. February is a great time to consider adding a life insurance policy for the following reasons:
Financial Security: A life insurance policy brings you lasting peace of mind and your death benefits offer long-term financial security for those you leave behind. The proceeds of your policy will help your family pay past debts, medical bills, mortgage payments, and college tuition.
Funeral Expenses: Funeral costs can be financially draining for your surviving family if you are not protected by a policy.
Unforeseen Events: An untimely death can be very difficult for your family if you leave them empty-handed. Help them overcome financial hardships and maintain their lifestyle with a whole life insurance.
Tax Benefits: Whether you opt for a term life insurance or whole life insurance, every policy comes with tax advantages for the beneficiary.
Celebrate your love by providing for the needs and comfort of your loved ones when you are not around with a life insurance. Schedule a consultation with a financial advisor today to know your options.