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 happen if they lost their job(s) 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 because often the mortgage becomes unaffordable in the event a spouse dies. 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 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 couple of the many excuses people provide for the rationale about life insurance and the reasons they don’t have enough, or none at all. Many, especially at a younger age, aren’t able to consider the possibility of dying. However, once the commitment of a home and family has started the need for life insurance rises exponentially. The responsibility to the family, and to take care of them, and to allow for a quality upbringing as well as the expenses of clothing, food, and medical care make it seem fiscally difficult to add yet one more expense (such as life insurance). However, when the mortgage becomes unaffordable, the bank will take the home thus destroying the stability and structure of the family along with creating 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. People don’t often consider the very real possibility of being laid off and losing income on top of any life insurance provided by the employer. Even without these issues, many don’t consider 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!