September is Life Insurance Awareness month. You have probably seen media advertisements and articles talking about why this coverage is so important all month long. And you probably already know it’s important. But that doesn’t mean you have your policy set up yet!
Life insurance is the perfect way to make sure your family is covered financially if you aren’t able to care for them anymore. The best part is we can tailor it to your needs.
The Life Foundation says that only 62% of people who believe they need life insurance actually have it. And even those that have insurance 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 are skipping life coverage all together, then you are putting your family at risk.
Why do so many people wait too long to purchase life insurance? The Life Foundation says that 86% of Americans say they haven’t purchased their policies because it’s “too expensive”, yet studies show they overestimate the cost by more than DOUBLE!
Life Insurance rates are based on a number of factors, such as: age, health conditions and smoking status. By purchasing when you are younger and being a non-smoker, you can save a considerable amount of money. Actually, many term life policies are less than $30 a month!
We recommend calling our office at 360-452-9200 to make an appointment with our life insurance specialist, Matt Elwood. Make sure to bring information such as annual income, as well as any debts (like your mortgage). We will give you an idea of how much coverage you will need, as well as different ways to make it fit your budget. You can always drop by our office at 707 East Front Street in Port Angeles and start your conversation about life insurance.