Who Handles Your Life Insurance?

You work hard to make sure you have Auto and Homeowners insurance; however have you reviewed your Life insurance needs lately for you and your family?

This coverage is crucial to have in place for you and your family’s protection. The need is very real. I have personally handled many claims for an unexpected death of a loved one, and I can tell you when the check is delivered to the beneficiaries, it’s a huge help during a family crisis. Think about these statistics for a minute: 1 in 4 people feel they need more life insurance. 8 in 10 Americans say family is most important to them, but only half have life insurance (55%) to protect them. 85% of consumers agree that most people need life insurance, yet only 62% say they have it. 8 in 10 Americans overestimate the true cost of life insurance. 1 in 3 households would have immediate trouble paying living expenses if the primary wage earner died. 6 in 10 married households with children have an average life insurance gap of nearly $200,000. Think about these questions: How would your family’s day-to-day life be impacted if the unthinkable happened to you? How long can your family live without your paycheck? Would they have to move? How would your children attend college without your paycheck? Have you co-signed any student loans? Do you have enough Life insurance to cover your debts? Would your family have to take out a loan to pay for final expenses? If you’re a business owner, how would your business continue, and do you and/or your partners have life insurance protection to cover your business arrangements (i.e. Key Man or Buy/Sell)? Do you want to give an inheritance/estate gift to a favorite charitable organization, church, or other organization?

You see, all of the above needs can be satisfied with Life insurance! If you have Life insurance, that’s great and I applaud you for having that important coverage in place! Have you reviewed that policy lately to make sure you understand how much and how long that coverage will be there? Your needs may have changed since you bought the policy, or it may be performing differently than what you assume so I recommend performing an annual checkup on these policies to make sure they are adequate in coverage and length of time based upon your personal needs. I would be happy to give you a no-obligation review of your current program, and if desired, we can check our markets to see how it compares. We write all types of Life insurance from Level Term, Whole Life, Universal Life, Indexed Life insurance, and beyond with numerous top rated life insurance companies.

I would be happy to discuss your Life insurance needs and concerns with you at any time, give you my recommendations and options, and then you can make an informed decision to have a solid Life insurance plan for you and your family protection!

We write not just Life insurance, but also all types of Annuities/IRA’s for savings/retirement needs, Disability Income (wage protection) if you become sick/injured, and Long Term Care insurance to cover nursing home care, assisted living, and home health care needs after your primary insurance coverage stops paying benefits. I will cover these topics in future blogs. We provide this insurance in the entire State of Michigan, predominantly in the tri-county area in communities such as Benton Harbor, St. Joseph, Coloma, Watervliet, Stevensville, Bridgman, New Buffalo, and beyond.

Please give Life insurance serious consideration. I can tell you that your family will undoubtedly appreciate the financial assistance when your untimely passing occurs.

Have a great day, and be healthy!

-Cory Flaugh