WHY LIFE INSURANCE IS THE BEST INVESTMENT IN YOUR 20’S

WHY LIFE INSURANCE IS THE BEST INVESTMENT IN YOUR 20’S

Most people associate life insurance to death. This is the first thing that comes into their mind. The young people, because they are young thinks and believe they need not worry about how much time they left (which probably will not come any sooner), they don’t consider getting one for now. Their priorities are different.

But what they don’t realize today is the best day to start protecting their future. Here are the benefits of investing in life insurance early or in your 20’s.

  1. Insurance premium is cheaper

Insurance companies price premiums depend on the age. The younger you are, the better because it is cheaper. Depending on the policy those who are in their 40’s will be paying double as compared to those who are in their 20’s.

  1. You have a bigger budget

In your 20’s you don’t have many responsibilities. Time will come, your money will go to bills, children’s expenses, mortgage and others. You should take advantage of this time to invest your money into something that is worthy.

  1. You are healthier

When you are young, you are a lot healthier. Healthier people have a big chance of life insurance approval. As you get older there are big chances of acquiring the disease. Insurance companies conduct medical examination that may lead to rating or rejecting your insurance application.

  1. Your money will earn more

Today, there are a lot of insurance policies with investment components. The key to investing is to start early and do it consistently. Starting early means longer time to make your interest accumulate over a certain period of time. You are accumulating savings on top of what your insurance plan provides you with.

The decision is in your hands. You can spend your money on what you desire like high-end cell phone and other gadgets or get a life insurance that can get your hard earned money worth as early as now.

Your future depends on what you do today. If it is important to you , you will find a way. If not, you will find an excuse.

The secret of success is to stop wishing and start doing.

 

To know more about life insurance, schedule a FREE and NO OBLIGATION consultation NOW. Email me at billones.arnold@gobrighterlife.com

Disclaimer: This website reflects only the views and opinions of the author and is not part of any official communication tools of any life insurance and investment company. The views and opinions on this website do not necessarily reflect those of the company, the management, the advisor/agents and the employees of any insurance or investment company.

 

What are the Risks of Being Uninsured?

A lot of people see life insurance as an added expense because they don’t easily see the value, unlike if you buy an expensive gadget like a cell phone where you can immediately experience what you pay for. But what they don’t see is the potential cost of not buying a life insurance – the hidden bargain of coverage.

So what are the risks of being uninsured?

  1. Critical illness

Hospital bills, laboratory expenses, other hospital procedures, and medicines will surely drain whatever savings you may have in case you acquire one dreaded disease like cancer, kidney failure, and others. Some life insurance policies have a rider called critical illness benefits that cover this kind of situation. Depending on the policy the insured can immediately receive a lump sum amount of money that can help with the medical expenses.

  1. Disability

There are a lot of uncertainties in this world. We don’t know when but there are risks of not being able to work and earn your paycheck due to illness or injuries. Coverage from life insurance for disability can surely help the loved ones start something to earn a living.

  1. Income protection

Another life uncertainty is unexpected death. Life insurance can prevent a financial catastrophe for the loved ones left behind, especially if they depend on you for income. The coverage can be used to start a business or make an investment to cover the lost income.

  1. Education expenses

Sending children to school is one of the parent’s biggest concerns. If they don’t prepare early, they will have a hard time coping with the continuous increase in tuition fee. Today’s life insurance has investment portion that can be used for children’s education.

  1. Estate tax

The estate tax is mostly imposed on assets left to heirs. However, if the heir doesn’t have the means to pay the estate tax for a limited period he/she might lose it. Proceeds from life insurance can be used to pay for the estate tax to make sure that your heir will get their inheritance.

  1. Enjoy the benefits while you are still alive.

Contrary to what most people know and believe, that life insurance is only beneficial after the death of the insured, fund value from life insurance can be used for different purposes such as down payment for your dream car or your dream house, other projects like repair of your house. You can also use for your dream vacation or simply use for your retirement.

 

To know more about life insurance, schedule a FREE and NO OBLIGATION consultation NOW. Email me at billones.arnold@gobrighterlife.com

Disclaimer: This website reflects only the views and opinions of the author and is not part of any official communication tools of any life insurance and investment company. The views and opinions on this website do not necessarily reflect those of the company, the management, the advisor/agents and the employees of any insurance or investment company.