It’s December, which means it’s time to start getting ready for Valentine’s Day after the chaos of Christmas and New Years settles down. This holiday means a lot of things to a lot of different people. Maybe you’re working up the nerve to ask someone out on a date. Maybe you’re shopping for flowers and chocolates as a gift for your significant other or spouse. Maybe you’re just taking advantage of a holiday dedicated to love and letting your friends and family know how much you care about them! Whichever way you choose to celebrate Valentine’s Day this year, there are hundreds of different ways to show your appreciation for your loved ones.
However, not all of those expressions of love are quite so sentimental. There are more practical ways to show your love for someone, be it your partner, your children, or any other family members.
A life insurance policy that will provide for your loved ones if something ever happens to you is one of them! What could be more loving than making preparations to protect the people in your life? This Valentine’s Day, show your love with life insurance!
Do I Really Need Life Insurance?
Just about anyone can benefit from life insurance– there’s no such thing as being too old or too young. Setting up a policy when you’re young can be a great way to get a good premium, even if you don’t currently have a partner or children who would need your life insurance payout to support themselves, and it’s possible for people well into their 80s or 90s to get a life insurance policy too, even with a past health crisis!
While supporting family members is the most common reason for getting life insurance, you can still benefit even if you don’t have anyone that would require that support. Life insurance payouts can be used to cover end-of-life expenses like hospital bills or funeral costs, and you can even arrange for a posthumous donation to your favorite charity!
Will I Qualify for Life Insurance?
It is possible for nearly anyone to set up a life insurance policy, regardless of age, health, or situation. Some companies will request that you undergo a physical exam before setting up your policy so that they can get a better idea of your current physical state.
How Much Will My Life Insurance Cost?
When deciding what your life insurance premiums will be, insurance companies consider several different things about you to try and determine your life expectancy, such as age and health. Older and unhealthier people typically are charged more for their life insurance, whereas younger and healthier people are charged less.
Why Type of Life Insurance Should I Get?
Two of the main types of life insurance are whole life insurance (or permanent life insurance) and term life insurance. Term life insurance covers you for a preset period of time, for instance, 10 to 30 years, whereas permanent life insurance lasts your entire life.
There is also such a thing as final expense insurance, which is just intended to cover your end-of-life costs, mortgage life insurance, which pays off your mortgage if you die before paying it off, and accidental death and dismemberment insurance, which covers you if you die in an accident like a car crash, or if you lose a limb or your sight or hearing.
There are several other different kinds of insurance, and an experienced insurance agent can help you navigate all of the options and decide what is the best choice for you and your family.
There’s no better way to show your love to the people in your life than by ensuring that they’ll be taken care of no matter what.
If you’re interested in learning more about life insurance options this February, contact YMI here with your questions. We’ll be happy to help you!
