[et_pb_column type=”4_4″][et_pb_text admin_label=”Text”]THE AVERAGE GO-FUND ME CAMPAIGN RAISES $3571*.
Yet this is where many people goto to fund financial loss in a tragedy.
Here are some statistics :
- Funerals regularly run in the range of a couple of thousand dollars.
- The National Funeral Directors Association states the average funeral cost in the United States is between $8,000 and $10,000.***
- The average 50-year old in America has less than $125,000 saved to cover their ENTIRE RETIREMENT.+
- Out-of-pocket healthcare premiums and expenses typically cost $10,000 per year; covering 20 years of retirement, that is over $200,000.+
- The average annual cost of semiprivate assisted living is $48,000.*
- 7 out of 10 working Americans reported that it would only take a month for them to feel financial struggle at the loss of their paycheck.**
- IF YOU DO NOT HAVE LIFE INSURANCE, DO YOUR FAMILY AND THOSE YOU LEAVE BEHIND A FAVOR. BUY LIFE INSURANCE.
- IT’S CHEAP, IT’S EASY TO GET, YOU CAN GET A FREE QUICK QUOTE RIGHT HERE:
Why I Don’t Want to Buy Life Insurance
If you’re like most people, it’s not that you don’t appreciate the value of life insurance. Many people believe they need more coverage. You
probably wouldn’t mind owning additional life insurance. It’s just that you don’t want to buy it. Thinking about buying life insurance, talking about
buying life insurance, discussing the reasons for buying life insurance–all of this makes many people feel uncomfortable. Here are just some of the reasons why you may be putting off buying the life insurance
you know you need.
I don’t have enough time:
You’ll get around to buying life insurance, but not today. With all the things you’ve got to do, buying life insurance can come off as a low priority–just one more thing you ought to do. Plus, the whole idea of discussing life insurance isn’t a whole lot of fun. Who wouldn’t rather take the dogs for a walk on the beach, attend a child’s softball game, or spend those
precious few hours of free time in the evening visiting with friends?
Nonetheless, buying life insurance is an important task that should be addressed. Life insurance can help ensure that your family will have
enough money to meet their financial obligations in the event of your death.
The subject is boring and morbid
If you don’t like to think about death, you’re not alone. Death is an unpleasant subject, and life insurance raises issues of our mortality. Some people say that the very thought of starting the life insurance buying process makes them feel stressed out. There’s no great appeal to contemplating our mortality. It’s a subject we’d rather ignore than address. The result can be inertia or denial. It doesn’t have to be that way. People who do act on their life insurance needs tend to focus on the positive aspects: the idea of meeting their responsibilities to provide for, and care for, their loved ones. They think of it as contingency planning, protecting their families against the uncertainties of life. They also recognize that life insurance is really about life and love, about helping to ensure a positive quality of life for their spouse and children if they die prematurely.
I don’t know where to start
If you don’t have a clue about which type of policy is right for you, or how much life insurance you need, join the club. Few of us truly understand life
insurance: why we need it, what type of policy is best, how much we need, when and how benefits are paid, how benefits may be taxed, and more. That’s okay. It’s not your job to know everything about life insurance.
That’s the job of an insurance professional. Thinking you need to have all of the answers about which type of life insurance is best for you is sort of
like needing surgery and thinking you need to know which type of scalpel to use. That’s the surgeon’s job. In the same respect, the right insurance professional can guide you through the process of selecting the
policy that best suits your needs, budget, and objectives, and can answer your questions.
Life insurance isn’t a high priority compared with the other expenses I
have For many underinsured people, it’s not so much that they don’t want the life insurance they need; it’s just difficult to find the extra dollars to pay for it.
People who do act on their life insurance needs tend to focus on the
positive aspects: the idea of meeting their responsibilities to provide for, and care for, their loved ones.
Five reasons to buy life insurance
• To provide continuing income for your family members
• To pay off debts you leave behind
• To pay final expenses and taxes
• To provide an estate for your loved ones
• To leave money to charity
Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not
specific to any individual’s circumstances.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer to avoid penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax and legal professional based on his or her circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. Fee-based financial planning and investment advisory services are offered by GFS Financial Advisors, LLC a Registered Investment Advisor in the State of Pennsylvania. GFS Financial Advisors, LLC and Galade Financial Services Inc. are affiliated companies. Insurance products and services are offered through Galade Financial Services Inc. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer to avoid penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax and legal professional based on his or her circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. This communication is strictly intended for individuals residing in the state(s) of PA.