Protecting your largest investment

Millions of Americans home owners are at risk due to being underinsured or not insured for life insurance. When a home is purchased, it often takes two people working full time positions to be able to afford the mortgage in today’s economic climate. People often worry what would happy if they lost their job or became disabled, however, very few realize the risk that death presents for their families. As a result they inadvertently leave the financial well being of their family in jeopardy when the mortgage becomes unaffordable due to the death of a spouse. When the loss of a loved one occurs, the family home is often lost to foreclosure, the kids or uprooted from schools, or life savings are drained in an effort just to hold on financially.

“I’m young; I don’t need to worry about life insurance yet!” “I can’t afford life insurance!” “But I have a pre existing condition, what kind of insurance could I possibly be eligible for?” These are just a few of the many excuses people provide for the rationale about life insurance and the reasons they don’t have enough, or even none at all. Many, especially at a younger age aren’t able to possibly consider the possibility of dying. Often family longevity comes in and is viewed as yet another reason why should needs can be put off for later in life. However, once the commitment of a home and family has started the level of need for life insurance rises exponentially. The responsibility to the family to take care of them and allow for a quality upbringing as well as the expenses of clothing, food, and medical care is a daunting enough task. However, when the mortgage becomes unaffordable, the bank will take the home thus destroying the stability and structure of the family which creates serious problems. Still others assume it’s unaffordable or have medical conditions that make them uninsurable. They rely on the small employer sponsored plan that is often cut back or eliminated in cost cutting measures. Never will the thought of actually loosing their job, and the life insurance due to a layoff. Even without those issues, many don’t consider that life insurance rates have dropped and often can qualify for much more coverage, with a longer guaranteed term.

The truth is life insurance is affordable, necessary, and a small price to pay for the piece of mind it brings. For many, coverage will be less than the price spent in a week ordering take out.  While it may take small sacrifices from your budget, one has to ask themselves “what is more important than the financial wellbeing of my family?” Those will pre-existing medical conditions are also able to get insurance through some providers. For those who may be uninsurable, there are often plans available without medical underwriting. While it may cost more than someone with a stronger medical history, it is still a necessary step to take. But like everything else, the price increases the longer you wait. Email today to see just how easy and affordable proper coverage is!