For generations, some have viewed life insurance as a form of gambling. The wager is the insured’s premium payments against the face value of the policy. While life insurance obviously isn’t gambling, here are some reasons it is a good bet.
Death is Inevitable
Well, let’s get the obvious out of the way. We are all going to die someday. As long as the premiums are kept in good standing, a permanent life insurance policy will pay benefits.
You are Getting a Large Amount of Protection for a Relatively Small Price
A relatively small monthly life insurance premium can provide many, many times its value in protection.
Permanent Insurance Can Build Value
Not only does a permanent life insurance policy provide protection in the event of the insured’s death, but it can also build value that can be used in emergencies or for opportunities.
Life Insurance Has Additional Benefits
A life insurance policy can also have other beneficial provisions. It could pay multiples of the death benefit should death occur by accident. There may be loss of limbs provisions and payments may be waived should the insured become disabled. Insuring a life may just be the start.
There are a Choice of Life Insurance Programs
Your independent life insurance agent will discuss your current life situation with you and your priorities in protecting your family financially. They can craft a custom life insurance program to fit your needs. It could include term insurance, life insurance, or a combination of products to suit your needs. They can create a program that is affordable.
Peace of Mind Is a Bonus
Along with the above, life insurance is a good bet in part because of the peace of mind it can buy you. You can take comfort in knowing that even in a worst-case scenario, your family is financially protected.
Our independent agents have access to a wide range of insurance companies to shop and compare rates and coverage. Even if you have some health issues or have a high-risk career, they can find a provider to meet your needs. Of course, the final choice is yours.
Contact one of our independent life insurance agents and learn why life insurance can be such a good bet. We look forward to assisting you.