Montgomery County MD Life Insurance: Six Reasons that Holds You Back From Buying Life Insurance

Foresight Insurance is an independent “local” insurance agency that would give you an independent advantage for all your insurance needs.

With an independent insurance agent, you have choices. Independent agents are not tied to any one insurance company. One of the advantages of using an independent agent is that he or she works to satisfy your needs. You are using an expert for an important financial decision and most important, your agent is local and ready to take action to help yoru immediate needs, especially when you need them most…at the time of your claim.

On this post, we like to talk to you about Montgomery County MD Life Insurance: Six Reasons that Holds You Back From Buying Life Insurance

What are the real reasons holding you back from getting life insurance*? Are you like the majority of Americans who don’t have it, but say that they know they need it?

study from Life Happens and the financial and insurance organization LIMRA shows that while 85 percent of study respondents agree that most people need life insurance, only 59 percent say they have life insurance.

Does this ring true for you? If so, maybe it’s because of one of these reasons.

1. It’s too expensive. Cost is the number one reason people don’t have life insurance. The same study shows that consumers tend to overestimate the price of life insurance. For instance, when asked how much a $250,000 term life insurance policy would be for a healthy 30-year-old, the median estimate was $500 annually—more than three times the actual cost. Life insurance is probably more affordable than you think—and there are lots of ways to bring the price into your comfort zone.

2. I have a health condition. The good news is that having a health condition doesn’t automatically disqualify you from getting life insurance. If you overcame a serious condition in the past or if you are managing a condition with the help of a medical professional, you can still be covered.

3. I don’t have any kids. There are many reasons people with no children still need life insurance. Just a few include providing for a financially dependent spouse or another family member, having the money to pay for a funeral or being able to pay off a loan that has a cosigner. Life insurance can also help you leave a gift to a religious, educational or charitable organization near and dear to your heart.

When you purchase life insurance, consider adding a Guaranteed Insurability Option rider** which lets you increase your protection in the future, when you may have children or other reasons to increase coverage. By purchasing the Guaranteed Insurability Option rider with your initial Erie Family Life policy, you’ll be able to increase your life insurance coverage over time without having to answer medical underwriting questions.

4. I don’t work outside of the home. If you stay home to care for kids or other family members, it may take hiring someone to replace all that you do. And that could be pricey, so definitely consider buying life insurance as a way to cover those additional expenses.

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Source: https://www.erieinsurance.com/blog/ultimate-guide-to-auto-insurance

As an independent insurance agent since 2008, Michael Cruz has been providing personal services for the local community in English and Spanish. He understands the importance of customer service and the comprehensive advice that they need to help them make the right decisions.

Michael believes on long-term relationships by educating his customer while protecting all their assets.

Give Michael a call today at 301–985–2667

Foresight Insurance Provides Auto/Car Insurance, Home Insurance, and Business/Commercial Insurance to All of Maryland, Including Rockville, Bethesda, and Gaithersburg.