Do you remember all the gifts you have given or received during the holidays? Probably not. Gift cards, sweaters and iPhones can only go so far in life. If you still have some last minute presents to buy, stop shopping for forgettable items and give something outside the (gift) box. Though you may not find it at the top of any list, the gift of life insurance can be the most beneficial present a person can receive. It will not get lost in a pile or returned to the store. It is something actually needed and will be something one never forgets.
Economic hardships and strict budgets, especially during the holiday season, are easy excuses to delay the purchase of life insurance. While we are starting to see a decline in the number of uninsured families, there are still more than 95 million Americans who aren’t protected by life insurance.[i] The financial commitment does not provide any immediate gratification or any tangible entertainment. The fact of the matter is, the true blessing of life insurance comes when a family remains to be taken care of when a provider passes away. Through life insurance, income is replaced to pay for bills, a family business, a home, a car, children’s education and other unforeseen costs. Alleviating financial stress on the already hard journey of losing a loved one is priceless. Protecting your family’s financial future is a gift that keeps on giving.
Guidance as a gift
If you already have a life insurance policy, then consider starting your children or grandchildren in the right direction financially. The younger in age for a life insurance client, the lower the premium and the longer it can grow. Starting life insurance early also minimizes the risks that come with age. For example, due to injury or illness developed later in life, some people are unable to obtain life insurance.
While gifting life insurance to your kids or grandkids may not have the excited reaction we all love, it will give them a financially sound foundation for them to stand on when they’re ready. In due time, the gift will have them wondering what they would have ever done without you.
Why life insurance?
It’s timeless: Unlike every other present you’ve given or received, some life insurance continues to grow in value over time. As nontraditional as a gift like this may seem, the investment you made in your family will continue for generations.
It’s affordable: According to LIFE Happens, 8 in 10 Americans overestimate the true cost of life insurance. Did you know that a life insurance policy could be purchased for as low as $13/month? Insurance agents are prepared to work with you and your budget to create a policy that works best for you and your family.
It’s practical: No matter where a person is in life, this growing base of insurance can always benefit.
It’s a relief: Whether you have a family you provide for today, future families in mind, or business partners to protect, you can rest easy knowing that you’ve offered an incredible gift for anyone who depends on you.
Life insurance will keep the times beyond holidays happy and ensure you can always provide for your family.
[i] 2015 Insurance Barometer Study, LIMRA and Life Happens