September is Life Insurance Awareness Month. You’ll probably see TV commercials and magazine articles from groups like LifeHappens.org talking about why this coverage is so important all month long. And you probably already know it’s important. But that doesn’t mean that you’ve got your policy set up yet!
The Life Foundation says that only 62% of people who believe they need life insurance, actually have it. And even those that have it only carry enough to replace their income for 3.6 years. If you have young children to support, that is simply not enough time! And if you're skipping life coverage all together, then you are putting your family at risk.
So why do people wait too long to purchase life insurance? Well, the Life Foundation also says that 86% of Americans say they haven't purchased it because it's "too expensive,” yet overestimate the cost by more than 2X! Did you know that life insurance can cost less than that cup of coffee you buy every day?
Life Insurance rates are based on a number of factors, including age, health conditions, and smoking status. Although the rates can vary by company, things like not smoking and purchasing when you're younger, you can save substantial money no matter what company you are with. In fact, many term life policies are less than $30 per month!
Have life insurance through work? Do you know if you can take it with you if you left your job? Would it be enough to provide for your family and pay off the mortgage?
I know I threw a lot at you. Here’s what I recommend...call the office and set up an appointment with one of our life insurance specialists. Bring information on your annual income, as well as any debts (like your mortgage). We’ll give an accurate picture of how much coverage you need as well as different ways to make it affordable. Purchasing some life insurance today is better than nothing.
Don’t wait another minute! Life insurance is the only coverage that depending on your health, could cost you more tomorrow than today. Call us today at 888-565-2212 or visit us online to set up an appointment. Bryan Insurance Agency can help you with all of your insurance needs in New Windsor, Long Island, and anywhere in New York. We can help with auto, home, business, health, and life insurance.