We can all agree that food, water and shelter are the most important elements needed in order to sustain life. What comes next on that list? It’s life insurance. A policy isn’t a luxury item to be purchased only if surplus cash is available; it’s a vital protection for those you love.

If you haven’t yet opted for a life insurance policy, make this the day you do. Here’s a sampling of instances where life insurance makes a huge difference:

Homeowner – If you pass away, a life insurance policy can cover your mortgage. This would allow your family to remain in the home and eliminate stress caused by having to move due to financial strain.

Loans – If you are a cosigner on a loan, who is going to assume your portion of debt if something happens to you? A simple life insurance policy would allow this financial burden to be fulfilled.

Business Owner – Many businesses carry debt or the legal responsibly to buy shares back from the deceased partner’s estate. Unless you want to be business partners with their heirs, life insurance is used to fund the buy-sell agreement. The business would then use life insurance proceeds to buy the shares back from the deceased partners estate. This is a win-win for both sides.

Breadwinner -You are the sole provider for your family. If something happens to you, where does that leave them? If you opt for life insurance, income protection can ensure the lifestyle they are accustom to.

Stay at Home parent – The job of a stay at home parent carries with it an intangible value; after all, that person raises the next generation. Many households forget that there is a financial value this person brings to the table. If they were not able to take care of the children, clean, cook, or perform all the duties they currently do, it would have to be outsourced. By taking out a life insurance policy, quality child care can allow you to keep the same working hours and thus provide the same lifestyle for your family.

Guardian of a Special Needs Child – Special needs children may remain with a guardian over the course of a lifetime. When the guardian passes away first, having the policy in place that will ensure a high standard of care can make a huge difference.

Divorced parent – Child support that continues even after you’re gone? -It’s possible with life insurance. Show your child that even if something happens to you, you will still continue to support them.

Have questions for what type of protection is best for your financial needs? It’s important to talk with a knowledgeable life insurance agent. Contact Abbey Bowersox, CLU at W3 Insurance for a free review and quote: 727-522-7777 x150.

Take Valentine’s gifting to a new level this year with the ultimate present: life insurance. Chocolate says: You’re sweet. Roses declare: Our relationship is beautiful. Life insurance promises: I’ll take care of you even if I’m gone. Which is the most meaningful option?

We’re here to help you make this February the month your loved ones find peace of mind. Read below as we answer some of the most frequently asked questions regarding the purchase of life insurance:

• How do I know which type of life insurance is right for me? Learn the difference between term life insurance, which locks in your rate for the just the duration of the term and whole or universal life options that accrue cash value. One size of life insurance does not fit all, and that’s why the advice of an experienced advisor is so helpful.
• Do I need life insurance if I’m single? YES. Others may not be depending on your income, but if something were to happen to you, your family will incur the expense of final arrangements. Also, it’s advantageous to lock in your insurability while you are healthy and qualify for favorable rates.
• I’m young and healthy, so why do I need a life policy? Congratulations – it’s the perfect time for you to apply! The healthier you are when you request life insurance, the lower your cost is likely to be. There’s a common saying that life insurance isn’t for the living – it’s for those they leave behind.
• My health isn’t the best – should I still seek to purchase life insurance? Of course! And if your health conditions improve, your rate may as well. For example, if you are a smoker and are 30 pounds overweight at the time of policy purchase, you may be able to seek a re-evaluated rate if your health changes for the better in the future.

Take the next step by contacting Abbey J. Bowersox CLU, your W3 Insurance life insurance advisor, at 727-522-7777 x150. She specializes in finding the right policy for each client.

Keep the flowers. Buy the chocolates. And inside the card, tuck a printout of a life insurance policy with the message:

Let’s face it. Most people put off buying life insurance for any number of reasons—if they even understand it. Take a look at this list—do any of these scenarios sound like you?

1. It’s too expensive. In the ever-burgeoning budget of a young family, things like day care, car payments and possibly student loans eat up a good chunk of money each month. Many people think that life insurance is just outside those “necessities” when money’s tight. However, consider these two points: life insurance is often not nearly as expensive as you might think, especially when you can get a good policy for less than the cost of a daily cup of coffee at the local café, and well, if money’s tight now, what if something happens to you?
2. That’s the stuff for babies and old people, right? People of a certain age remember Ed McMahon telling them their grandparents couldn’t be turned down for any reason and figure that’s the target demographic for life insurance. Or, you might have been offered a small permanent insurance policy for your newborn, attractively presented with a cherubic infant on the envelope. The truth of the matter is that these are very specific insurance products—just as there are many insurance products for adults in their working years.
3. I’m strong and healthy! You eat right, you stay active, and everyone admires how grounded and centered you are. You passed your last physical with flying colors! That’s GREAT! But you’re neither immortal nor indestructible. It’s not even that something could happen to you – though it could – as much as that when you’re at your strongest and healthiest, there’s no better time to get a policy to protect your loved ones. If you fall seriously ill or suffer significant injury later, it will make it tougher to get that kind of policy, if any at all.
4. I have life insurance through my job. Many people are offered life insurance as part of their employee benefit coverage. Often, it’s the first time they encounter life insurance and have no idea that a $50,000 policy, or one or two times their salary, isn’t as much as they think it is. It sounds like a lot of money until you figure that it has to cover some or all of the expenses for your loved ones in your absence. Plus, if you leave the job, it’s typically the type of insurance that doesn’t “move on” with you.
5. I don’t have kids. Sure, kids are a big reason why some people get life insurance. But that’s not the only litmus for needing protection. If there is anyone in your life who would suffer financially from your loss—your spouse or live-in partner, a sibling, even your parents—a life insurance policy goes a long way in making sure everyone’s still OK even if something happens to you.
6. Life insurance—it’s on my list … eventually. There’s no deadline on life insurance, no mandate from the government on purchasing it. Your parents may have never talked to you about its importance, and it’s certainly not the most invigorating topic for conversation. But don’t let your “eventually” turn into your loved ones’ “if only.”

Source: https://www.lifehappens.org/blog/6-reasons-people-dont-buy-life-insurance-and-why-theyre-wrong/