The Number One Way to Use Money as an Expression of Love

If you are married (or have a partner that you live with) and / or have children, term life insurance can be the protection that means the difference between your family thriving economically and being abruptly thrusted into a financial hole that they struggle to escape.?

According to an Investopedia article by Mark P. Cussen entitled Top 5 Reasons Why People Go Bankrupt, 78% of Americans live paycheck to paycheck. Cussen explains that many of the hefty expenses that create such strife are mortgages and living expenses, the rising cost of goods and services, and even debt.?

Now think about it. If you are a part of the 78% Americans in our disappearing middle class, are you able to cover the thousands of dollars to cover anyone else’ final expenses, mortgage or debt if they pass away? The average cost of funerals are between $12,000 and $20,000 dollars right now. But that doesn’t include what’s leftover cost-wise for your family if you pass away.

If something happens to you leaving your spouse and children without you, that means that the paycheck you bring home suddenly vanishes. How do the bills get paid? What happens to the rent or mortgage payment that is due? Will your family have to move and how much might that cost them? What about your children’s expenses (clothing, food, medical care, school fees, activities, even their own life insurance policy)? Do you have other debt, like student loans??

These expenses are what make a term life insurance policy so necessary. You see, term life insurance is just like its name, a life insurance policy that lasts for a certain term period, for example 4, 10, 20 or even 30 years.?

The cost per thousand dollars of term protection is so much less expensive than a whole life, which allows you to get a lot more coverage for less money. That coverage is designed to cover those costs in the event that you pass away, since someone is going to be responsible for picking up the pieces.?

If you have a mortgage, having a term policy? is incredibly beneficial. Let’s say that you have a $200,000 mortgage. You can obtain a decreasing term policy. Over the years, as you pay down your mortgage, your coverage and premium will also decrease, eventually zeroing out.?

Guess what else? It’s all based on a blend of what you can afford and what you truly need. For example, if you earn $50,000 per year. You may look at a 10 year term policy with a face amount of $150,000 which would allow your family to receive your income in your absence for the next 3 years. But let’s say that the cost per month (your premium payment) for that $150,000 is much too expensive for you. You can simply start with a $50,000 or a $75,000 policy face amount.?

Don’t be fooled by other life insurance sales agents who are only concerned with their commission. Your coverage is supposed to be affordable for you, even if all you can sacrifice is $5, $10 or $20 a month for your family’s future. The great thing is American Income is member owned and operated so you can make adjustments to your coverage if or when your budget allows you to do so. All you have to do is call me up to get it done.

The other amazing aspect of having a policy with us is that once your children become adults and can finance their own lives, you can then convert your policy to whole life. That is reeeeeally important to know because your term policy will expire at some point and people who reach their silver years aren’t likely to be approved for more term coverage.?

But wait, there’s more! Our company allows you to convert your term policy to whole life WITH NO CONCERN ABOUT YOUR HEALTH!!! Therefore, even if you have been diagnosed with a chronic or terminal illness at the time of conversion, because you are already a paying policyholder member with us, we will still convert your coverage to whole life. That’s outstanding!

So let’s make a wise financial decision for your family. Take care of the expenses that you want to prevent your loved ones from being responsible for. Let’s protect your family and establish the legacy you intend to leave behind.?

Shoot me a direct message and let’s get it out of the way. Remember, its all based on what you can comfortably afford, no more, no less. When we are done, if you decide that coverage with us isn’t necessary, I’m still giving you $2,000 in life insurance at no cost.?

Learn how to redeem your $2,000 here.