Should Life Insurance Be on Your List of New Year’s Resolutions?

What does the start of a New Year mean to you?

For many people, the New Year means a fresh start. The beginning of the year is a chance to reconnect with friends and family. It’s an opportunity to refocus on your health and wellness goals.

And there’s no time like the start of a New Year to reflect on your financial situation, and take steps to make sure you’re safeguarding yourself and your loved ones in the months and years to come.

One of the most important choices you can make to protect your family’s financial future is to begin the search for a life insurance policy. If you already have one, there’s no time like the present to take a fresh look and see if there are any new options out there that could make things easier for yourself and those closest to you.

“What Is Life Insurance?”

To put it simply, life insurance is a type of financial protection, which provides a lump sum payment to your chosen beneficiaries in the event of your death. Life insurance coverage is highly customizable, and there are many options and policy choices available to help you take care of your affairs, and offer key financial protections to those closest to you. It’s important to get a handle on all of your options and figure out how much and what kind of life insurance is going to be the right one for you.

“Why Should I Get Life Insurance Coverage This Year?”

There are countless benefits to having life insurance coverage, and every family will use this protection in the way that will best suit their needs. There is a plan out there for you, whether your primary goal is to:

  • Leave an inheritance for your loved ones
  • Help your family replace a loss of income
  • Provide for your spouse, parents, or other relatives
  • Pay for school tuition, home or vehicle payments, or other ongoing expenses
  • Cover your debts
  • Pay for burial and funeral costs
  • Help curb the costs of estate administration and probate
  • Leave a charitable contribution to an organization or group that means a lot to you

And there are plenty of reasons to get started finding the right coverage sooner, rather than later.

For example, many individuals who get started with life insurance when they’re younger tend to pay lower premiums, which helps them save money in the short term and the long. The younger you are when you get started with your life insurance policy, the sooner you can lock in an affordable, fixed rate, which could last you for decades. On the flip side, if you put off finding a policy, you’re more likely to develop a serious health condition, which could drive your costs up.

“Is Life Insurance Really Right for Me?”

Remember that life insurance is truly for everyone. It’s not just for parents or for the “breadwinner” of a family.

Instead, life insurance coverage can go a long way towards helping your loved ones keep some financial stability in the event of a loss. It can help defray some of the costs of medical debt, or cover the expenses of a burial or funeral. There are many different, helpful uses for life insurance payments.

In short, life insurance coverage is about providing some real help for your family and friends when they may need it. Keep in mind that the average funeral costs between $7,000 and $10,000—and that, according to reports, four in ten households without any life insurance would have immediate trouble paying living expenses if their primary wage earner died.

And that’s not all. The 2018 Insurance Barometer Study, from Life Happens and LIMRA, also tells us that:

  • 90 percent of people believe that a family’s primary wage earner needs life insurance
  • 35 percent of households would feel the financial impact of losing a primary wage earner in just one month or less
  • One in five people who already have life insurance say they do not have enough
  • Two in five millennials say that they wish their spouse/partner had more life insurance

“How Do I Get Started?”

Are you ready to add getting life insurance to your list of important New Year’s resolutions? If you’re ready to get started—or even if you’re still on the fence—we’ve got some great news.

There are many different tools and resources out there to help you navigate the life insurance marketplace, and getting coverage is often a lot less expensive than many people think. In fact, according to the Insurance Barometer Study, 44 percent of millennial shoppers tend to overestimate the price of life insurance by as much as five times the actual amount.

So finding a life insurance policy is much easier and affordable than you might think—  especially if you’ve got the Enrollment Specialists and Matt Peebles on your side.

Matt is one of the leading health and life insurance consultants in the country, with hundreds of satisfied clients in his portfolio. He’s here and ready to be your go-to resource for all things life insurance, in 2019 and beyond.

Here at the Enrollment Specialists, we know that life insurance policies need to uniquely match their buyers—they can’t be cookie cutter. As your life insurance consultant, Matt will take the time to sit down and truly get to know you, and what makes you unique. From there, he can help you customize the life insurance policy that will work best for you and your loved ones, using every tool at his disposal to make sure you’re fully satisfied with every element of your policy. The whole process will be quick and easy, and all of Matt’s services come at absolutely no additional cost to you.

And with Matt on your side, you can confidently say “I Got A Guy” for all things life insurance. He’ll be your resource, your advocate, and your one-stop-shop for all things life insurance, for the entire life of your policy. That means there will be no need to deal with frustrating chat rooms or anonymous call centers or maze-like websites. Instead, fast, accurate, personalized advice will always be just a quick phone call or email away.

Ready to make this the year that you finally get a handle on life insurance? Drop us a line today to get the conversation started.

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