Contributed by Kathy Post of Post Insurance & Financial, Inc.
Port St. Lucie, FL - These are unsettling times. Over the past year, almost every pillar of our financial security has been shaken, one by one. The bursting of the real estate bubble, the precipitous decline in the stock market, a rapid spike in job losses. Now more than ever, Americans are searching for ways to maintain basic financial security.
One source of financial security still stands strong, however, and that's life insurance. It continues to do what it was designed to do - serve as the foundation of your family's financial security. Because of this, the nonprofit LIFE Foundation coordinates Life Insurance Awareness Month each September.
If you own a term life policy, the death benefit it would pay if you died tomorrow is unchanged from last week, last month or even last year. If you own a whole life policy, your death benefit is also guaranteed, and over the past year your cash values have actually grown, not declined. In this tumultuous economy, you can take comfort in knowing that life insurance - whatever type you own or intend to buy - can provide some certainty and stability at a time when both are in short supply.
Almost everyone knows they need life insurance, but almost no one wants to buy it. That's understandable. No one likes to think about dying, so we procrastinate, make excuses, or hope that we'll be one of the lucky ones that lives a long life. But what if you're not one of the lucky ones? What if you haven't planned properly? The amount of life insurance you own is likely to determine whether those you love will have a financially secure future or be confronted with years of financial hardship.
Rates for life insurance are near historic lows. Life insurance rates remain near historic lows. In fact, the cost of basic term life insurance has fallen by nearly 50 percent over the past decade. So if your family's budget is tight and your health status hasn't changed much since the time you last purchased coverage, you may want to apply for a new policy. If you do, make sure not to drop your current coverage until the new policy is in force.
The LIFE Foundation's website is the leading source of objective information about life insurance. We encourage you to spend a few minutes learning more and trying their interactive tools like their
Life Insurance Needs Calculator. If you determine that you have a need for coverage, we strongly urge you to contact us or your insurance professional who can help you safeguard your family's financial future.
This article has been created by the LIFE Foundation and provided as a courtesy of Agent/Owner
Kathy Post of
Post Insurance & Financial, Inc. Founded in 1979, Post Insurance is a Trusted Choice agency serving St. Lucie County for almost 30 years. They are a team of professionals who understand the complexities of insurance but explain it to customers in 'plain old English.' They offer home, auto, business, and life insurance and are located in St. Lucie West. The agency is open from Monday through Friday, 8:30 - 5:00, but customers can request quotes 24/7 on their website at www.InsurewithPost.com.
This article is for informational purposes only and is not intended to replace your policy contract language. For information on your specific insurance needs or situations, please contact your insurance agent or Post Insurance at 772-878-8184 or info@insurewithpost.com.
Source:
http://www.lifehappens.org/liam/