01 May It’s a Great Time to Talk About Life Insurance
Now is a great time to think about life insurance because May 2 is Life Insurance Day. Life Insurance Day has been around since 1760 when life insurance policies first started being sold. Life insurance is one of the best investments you can make to ensure your family’s wellbeing. None of us knows the future, and especially in times as uncertain as these, you want to be assured your family won’t suffer financially if you were to pass away.
According to LIMRA (Life Insurance Marketing and Research Association), about 60% percent of people in the U.S. are covered by life insurance and 20% who are insured think they may be underinsured. That’s a pretty sizable chunk of the population with inadequate life insurance or none at all. If you’re among them, we encourage you to give us a call. Even if in the end you decide purchasing or updating a life insurance plan isn’t a good idea at this time, it doesn’t hurt to get all the facts!
Now is also a good time to talk to us about life insurance because rates right now are excellent. You may be surprised at how much you’re overestimating the cost of life insurance. LIMRA studies have shown that many people think life insurance costs more than it really does. Younger people especially have been shown to believe it’s as much as 5x the true cost.
All the different options for life insurance can be a bit confusing, but we’re here to help you figure out what will work best for your family. To learn more you can read our life insurance FAQs blog here: https://spiveyinsurancegroup.com/blog/need-life-insurance-answers-faqs/ We’re always here to answer any insurance questions you may have!
At Spivey Insurance, we’re here to help you understand all of your options to protect your family. Call us at 704-821-4460 or connect with us on Twitter, Facebook, Instagram, YouTube, LinkedIn or Pinterest.