A Good Night Sleep During the Holidays with Life Insurance

Raising a Family

What’s the best way to get a good night sleep during the holidays? Plain and simple, make sure your life insurance is in order. It’s interesting that many newly married couples don’t own any life insurance. The thought doesn’t come into play until the children arrive. All of a sudden, you have this other “person” you have to take care of and you start to think of your own mortality.

The irony is that if younger couples would investigate this sooner than later, they would see that it’s very easy to get basic coverage and because they’re younger, they would pay less for the premiums. Planning at a younger age allows you to have a wider range of options. Many times, couples will look for the least expensive way to get the greatest coverage. Clearly, term life insurance is the best solution for this approach. But, you’d be surprised that at that younger age, if you’re willing to just spend a little more money, you could have a permanent policy that will give you much more flexibility later on in your life.

Like auto insurance, term life insurance is a use-it-or-lose-it product. Hopefully you never have to use it! But the fact is most insured with term life, have a tendency to forget about it, then find themselves scrambling later in life once the term is on the verge of expiring. Why not take this concern off the table from day one and consider a permanent policy?

It’s hard to believe but according to LIMRA, the life insurance and market research association, less than half of middle market consumers ages 25 to 64 have individual life insurance coverage. Yet, 44% of those without life coverage say they need it.

The holidays are a time to reflect and think about family. Take a deep breath and look into the new year. Life insurance is the perfect way to start the new year off right. So don’t wait for the risk to be so great that you feel pressured into getting coverage. Consider the savings for getting insured earlier in life instead of later. 

About the author: Mark Yurkovic has been in the life insurance business for over 12 years, and holds CLTC, LUTCF, and CES designations. He enjoys building remote control boats, and playing instruments including the piano, guitar, banjo, and mandolin. Mark would love to discuss life insurance options and work towards finding the best policy fit for your family. You can contact Mark at 1-800-651-1953 or MYurkovic@Pivot.com