In the United States, more than five people die every minute of every day. It's just a fact of life that many Texans don't like to talk about or think about. And quite frankly, they don't plan for it either. End of life matters are a bit of a taboo and uncomfortable subject for many people. They don't want to think about long term care, funeral expenses, or what their family will do when that statistic catches up with all of us no matter where we live.
My name is Kevin Hall, and I have been a life insurance agent for over 12 years. As a lifelong Texan, it is an honor to help everyday people secure their financial security and make sure their family is protected with some form of life insurance. While it may not be enjoyable to discuss what happens at the end of your life, I consider it my duty to have a conversation of life insurance coverage whenever possible so that your family's needs can be adequately met. We can discuss term policies, permanent insurance, cash value life insurance, or even universal life insurance if you want. The key is that we simply discuss what your actual life insurance needs are and how we can meet them. Now that we've ripped the bandaid off, let's discuss why.
Benefits Of Life Insurance
Texans from Amarillo to Brownsville and El Paso to Texarkana have many reasons to purchase some type of life insurance since it is the ONLY type of insurance policy that is guaranteed to pay a claim since we all die. Here are the top reasons Texans we encounter daily.
- Replace lost income: If you die, your policy can provide a financial cushion for your family to replace your lost income while they sort through the grieving process. This could help them pay for essential expenses such as mortgage payments, car payments, and child care.
- Pay off debts: Your insurance proceeds can be used to pay off debts, such as your mortgage, car loans, and credit card debt. This can help your family avoid financial hardship and focus on rebuilding their lives after your death.
- Cover funeral expenses: Funeral costs can be expensive, and life insurance can help your family cover these costs during a difficult time. This will give them peace of mind knowing that they won't have to worry about how to pay for your funeral. Even if you just want to cover burial expenses, it's still expensive. Make sure that your family doesn't have to worry about these costs.
- Educational expenses: Providing for your children's college expenses after you're gone will give them a leg up on starting adulthood. Along with that, if your spouse or domestic partner has been primarily a stay at home caretaker of your children, the insurance proceeds can help them jump start a new career so that they can provide for your family.
- Leaving a legacy: Life insurance can also be used to leave a legacy for your loved ones. You can choose to name your beneficiaries as you wish, and the death benefit can be used for anything they want. But you can also use the proceeds to fund a scholarship for others at a college, or maybe help endow a local charity that you have supported through the years. That legacy ability is only capped at your imagination and ability to fund it.
**My favorite reason for purchasing life insurance? Life insurance can also provide peace of mind. Knowing that your family will be financially secure if you die can give you peace of mind and allow you to focus on living your life to the fullest. Living your life and not being anxious about protecting your family is golden!
Topics To Consider For Adequate Life Insurance
If you are considering buying any type of life insurance, it is important to speak with a knowledgeable insurance agent to find the right policy for you. There are many different types of life insurance policies available, and the right policy for you will depend on your individual needs and circumstances.
Here are some of the most important factors to consider when choosing a life insurance policy:
- Amount of coverage you need: This will depend on your financial obligations and your goals for your family along with your income and assets. This is generally the biggest question that is asked of agents at Insurance for Texans. We have some easy to understand ways to help you get to this number!
- Type of policy you want: There are two main types of life insurance: term life insurance and permanent life insurance. Term insurance policies are a good option if you need coverage for a specific period of time, such as until your children are out of college. Or if your budget is tight and you need a large amount of coverage as they tend to have lower premiums. Permanent life insurance provides coverage for your entire life, and it can also build cash value over time. The flexibility of these individual policies can help you in more ways than just a death benefit. This is why working with a qualified independent agent is so important for you.
- Cost of the policy: Life insurance premiums can vary depending on the type of policy you choose, your age, your health, and other factors. And we know that the cost of the premium payments puts parameters on how a policy or set of policies is structured. As a result, it is important to work with an independent agent who can shop around and compare proposals from different insurance companies to find the right life insurance providers and plans just for you.
How To Get Started
If you are not sure which life insurance plan is right for you, it is a good idea to speak with an independent agent/broker like me at Insurance for Texans. We help you determine the right plan, and we have access to many products and companies so that it will fit your goals and budget. We can help you assess your needs and find the right policy for you. Simply click the button below to get started now!