Many American adults have some form ofby their employer. This can vary in amount, with one to two times the annual salary of the employee being common.
However, this baseline level of protection is often insufficient, particularly for younger people who still have years – if not decades – of earning potential (and the bills that come with old age).
So unless you have a robust coverage plan through your job you probably need it. And if you haven’t any life insurance from your employer, then you must act quickly.
Consider speaking to a life insurance expert today who can provide you with a free quote so you know exactly what to expect.
3 signs you should get life insurance now
Whether you have twice your annual salary from your job — or no life insurance at all — here are three signs you should get life insurance now.
you have a family
You may not need life insurance if you are single and no one is counting on you. But if you’re married and have children (or single and have children), then most financial advisors agree that you should have comprehensive life insurance.
This goes double if you are the only breadwinner in the household. You don’t want to leave your family with bills to pay and no way to pay them. A significant life insurance payout to youcan avoid this result. And if you act fast, you could end up paying a than if you would wait later.
Work with a life insurance expert now who can tailor a policy to suit your needs.
you are young
When it comes to life insurance, there is no time like the present. This form of insurance becomes more and more expensive as you get older. So if you are young, you should act now.
Many young adults think they don’t need life insurance until later in life. But that’s not true. There are several– with cost at the top of the list.
So act now – while rates are low and before health issues arise that could hurt your chances of getting a low rate.
you have debts
How many years do you have left to pay off yours?? What is with your and ?
If you have significant debt, you should take out life insurance. If you don’t do this, some (if not all) of your debts will be passed on to other family members after your death.
Granted, some of this can be avoided (for example, if your family decides to move and sell your house). However, the advantage of robust life insurance is that it can maintain the standard of living of your beneficiaries.
Consider what you owe now — and what you owe in the future — and back into a life insurance coverage amount that protects your loved ones.
The final result
Thatare diverse and important. If you fall into one or more of the above categories, then get started today. A life insurance expert can help you create an inexpensive and reliable protection plan.