Is Life Insurance In Your Top 10 List of New Year's Resolutions?
It’s time to start thinking about New Year’s Resolutions, have you considered adding life insurance to your list? The top 10 resolutions (see below) contain well-intentioned endeavors; however, a most notable exclusion is to make certain your life insurance program is adequate to meet your families’ needs. Financial security should be at the top of most individuals’ list of New Year’s Resolutions. After all, it is the start of a fresh calendar year, what better time to review your annual finances?
According to the University of Scranton Journal of Clinical Psychology the Top 10 New Year’s Resolutions for 2014 are listed below. Let’s look at these resolutions and see their relationship to life insurance:
Lose weight - The second question I ask people when offering a life insurance quote is what is your height and weight? Has there been a weight change of 10 pounds or more in the past 12 months? Your build will have an impact in the rating class offered when applying for life insurance.
Getting organized – Perform a review of your financial needs along with your assets and perform an Assess My Needs calculation to determine if you have an adequate amount of life insurance.
Spend less and save more – Are you spending too much on life insurance? Get an instant quote to compare your life insurance premiums. Can you save more with permanent life insurance by combining life insurance protection along with cash values for future financial needs?
Enjoy life to the fullest - Wouldn’t you want your family to be able to enjoy their life to the fullest if you were to pass? You can fulfill this desire with adequate life insurance planning.
Staying fit and healthy – Life insurance premiums are favorably impacted by the healthiness and fitness of individuals through healthy lifestyle credits earned with some carriers.
Learn something exciting – There are a multitude of life insurance products that can be tailored to meet one’s life insurance needs. Visit our Learning Center to educate yourself today
Quit Smoking - Tobacco use is one of the most impact factors in determining your life insurance cost. Many life insurance carriers require up to 5 yrs. of non-tobacco use to qualify for their lowest premium rating class. Most carriers require 12 months of tobacco free use for a non-smoker rating class. Exceptions could include occasional cigar use.
Help others in their dreams – Your family may have children intending on attending college to pursue their career goals which can be accomplished by assuring their dreams can be fulfilled by having adequate life insurance on your life to cover expenses associated with a college education.
Fall in love – Individuals who fall in love and consider getting married should consider purchasing life insurance to protect their loved one. Could your intended future spouse survive on just their income?
Spend more time with family – Spending time with the family reinforces the need of being adequately insured with life insurance to insure the family unit can maintain the lifestyle they have been accustomed to. Make sure their financial futures are protected.
As you can see, life insurance has a connection with the most popular New Year’s Resolutions last year. Let’s make becoming adequately insured with life insurance one of your top 10 New Year’s Resolutions in 2015. The New Year is just around the corner, let’s get started today!
About the author: Ken Buccico holds a LUTC designation and has been in the life insurance business for 39 years. His wealth of experience empowers clients to make best possible decision regarding a life insurance policy. To explore the best life insurance option, contact Ken at 1-800-651-1953 or KBuccico@Pivot.com.