Insurance can provide an excellent opportunity
for you to meet many of your goals while still protecting
the financial security of your loved ones. All life
insurance policies have some things in common-you make
payments, called premiums, to the insurance company. When
you die, the insurance company pays a death benefit to your
beneficiaries. Often, this death benefit is received income
tax-free.
Permanent life insurance,
however, can also provide a living benefit. When you pay
your premium, part of it goes into a cash reserve and
accumulates tax-deferred. You can generally access this cash
reserve at any time, for any purpose. It can be used for
things like education expenses, retirement income, and many
other needs. It also remains in force during the insured's
entire lifetime, provided premiums are paid as specified in
the policy.
Insurance. Doesn't it just
conjure up some insurance salesman knocking on your door
trying to sell you a policy that covers you for accidents
only, for a small amount and costs you the earth? No? It
doesn't too me either because those days are long
gone!
I prefer to call it "Life
Assurance" anyway, because it is assuring you that your life
is convered in the event of death and that what your life is
insured for, will be paid out to your estate or policy
owner.
But how many of you
actually have this cover in place? I know of lots of my
friends, who are in their 20's who don't have the cover
because 1) they don't know anything about (lack of
education) and 2) they don't think they need it and see it
as an extra cost. How little they know... like anything, the
earlier you start, the cheaper it is...
Following are ( 5 )
important reasons why YOU should have life assurance and why
those around you too should invest in this:
Reason
1
Do you have any bills, like maybe a mortgage??
This alone is a pertinent reason to have life assurance...
it means that should you die, this major bill will be paid
off and not left to your survivors to deal with or your
family in the street!
Reason
2
Young, fit and healthy? No ailments? Then this
is the best time to get life assurance! Your premium will be
small and if you take out a policy that allows you to keep
the same premium until the age of 65, you will have
considerable savings... the earlier you start, the better.
And then if you develop any health issues throughout your
life, it doesn't matter, because you already have the cover
in place!
Reason
3
Are you married? Do you care about your
spouse? Then is it not thoughtful to make sure that your
spouse does not have to worry about money should you pass
before they do and vice versa? I know a couple who cancelled
their insurance and then 6 months later he was diagnosed as
having stomach cancer, and died 18 months later... leaving
behind a wife and two children still at home and a
mortgage... and no monetery relief for his family. Is this
what you want to put your partner through?
Reason
4
Want to leave a legacy for your future grand
children? What better way then ensuring your estate will
actually have some legacy to pass on! You can elect in your
will to have the proceeds of your life assurance paid
directly to your estate and then as per your will, divy up
the proceeds.
Reason
5
Peace of mind... yours that is. If you can't
afford health insurance or any other insurance, you can
afford life insurance... and should you develop a terminal
disease... your life insurance will pay out a lump sum upon
confirmation of this, allowing you to fulfil any dreams you
have not achieved or to get your affairs in
order.
There are many more
reasons I could go into here, but you get the gist... just
like you wouldn't risk not having your car insured or your
house or contents... how can you not insure your number one
asset...
yourself?
United Financial
Group
(888) 201-1533 - Main
(334)
651-0345 - Fax
Customerservice@unitedfinancialgroup.info
