Did you know that September is Life Insurance Awareness Month? Each year at this time, the non-profit organization Life Happens reminds Americans about the importance of including Life Insurance in their financial plans– and we couldn’t agree more!According to the 2019 Insurance Barometer Study (Life Happens/LIMRA), only 57 percent of American households have life insurance – yet 40 percent of those without it say they would immediately struggle to pay living expenses if their primary wage earner died. In other words, most people understand the need for life insurance. So why are so many households underinsured?
Below are some common misconceptions about life insurance:
Myth: I don’t need life insurance.
Truth: Life insurance has many, many uses – uses that most people could benefit from. It can cover bills, pay for funeral costs, replace income in a household, serve as an inheritance for a loved one, fund education goals for a child, provide an important and sizable donation to a charitable organization and so much more.
Myth: I can always get it later.
Truth: Famous last words, and too often untrue. Age and health can make it tough to get the coverage you want. You may develop a condition that makes you uninsurable – or worse, you may fall victim to a tragic accident.
Myth: I’m too young.
Truth: No one’s too young for life insurance. In fact, the younger and healthier you are, the easier it is to lock in coverage at a great rate – and stay covered. It’s called insurability.
Do you have enough coverage? When was the last time you checked?
No one really wants to think about life insurance, but it doesn’t have to be hard (or boring). Give us a call at 401-846-9629 and we will make the process as easy and pleasant as possible. Ensuring that your loved ones will be well cared for in the future will give you the comfort of knowing that you have done your best for them.
Just as we at Dwyer Insurance will always do our BEST for YOU!