Life Insurance: It's A Love Thing

There are two basic motivating forces: fear and love,” John Lennon once said. “When we are afraid, we pull back from life. When we are in love, we open to all that life has to offer with passion, excitement, and acceptance. Like the love, a parent has for a child, the love between friends, or the quiet, strong, and steady love between long-married spouses.

The late Beatle probably wasn’t thinking about insurance when he said that, but Lennon’s words particularly applicable to one particular type of insurance: Life Insurance. While you may not associate life insurance with love, you should. Here’s why:
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Love can inspire you to obtain the right life insurance policy; and the life insurance policy can, in turn, protect and care for the ones you love in the unfortunate event that you are no longer present to
do so. Life insurance can protect your loved ones in numerous ways. Some may be driven to purchase a policy out of fear for what might become of their family if sufficient financial protection were not in place, love to me is the greater motivator. I encourage clients to purchase Life Insurance First Legacy Group not to insulate themselves from fear, but rather to invest in the promise of their loved ones’ future. And when you look at it that way, purchasing Life Insurance is something to be done with passion, excitement, and acceptance.

Here are the Top Five Ways to Protect Your Loved Ones

• Enable Your Spouse to Enjoy a Good Quality of Life: Because it replaces the deceased person’s annual income, pays for medical benefits, and can also be used to replace the savings that would have come from his or her retirement. Life insurance enables the spouse who is left behind to get back on and stay on, his or her feet right after losing a loved one. This means your beloved husband or wife can continue to enjoy a good quality of life after you are gone.
• Help Make Their Childhood Easier: It’s not surprising, especially in these economic times, that a family can take as many as five years to recover from a death of a primary breadwinner. Five years is a long time in a child’s life; for example, it’s the span from rather babyish to age 8 to hormonal age 13 and early adolescence. A lot happens during those years, and it would be a shame for them to be blighted by financial struggle. Life insurance can make childhood, which is already rife with challenges, a bit easier for your kids should they lose you.
• Eliminate Death-Related Debt: Dying is expensive. Death is often accompanied by all kinds of debt, including funeral costs, hospital bills, a cemetery plot, and estate taxes, to name a few. A good life insurance policy will take care of all these expenses so the family members you may leave behind, don’t have to First Legacy Group.
• Keep Their Dreams of the Future Alive A parent’s death and the financial hardship it may cause can throw a wrench into a child’s plans for college, or even a wedding someday. By obtaining life insurance, you can ensure that your kids can still pursue their dreams to obtain an education or celebrate finding a husband or wife to share their life with.
• Maintain Their Health and Prevent Illness: As strange as it may sound, life insurance can function to promote health and prevent illness in family members who are left behind after a loved one dies. Think about it: it costs money to eat healthfully, to see the doctor when you’re sick, and to pay for health insurance premiums. Your life insurance can make all of this possible for your loved ones after your death, so they have a good chance of living long, healthy lives.

Protecting Your Loved Ones - Life Insurance
What does life mean to you? You've prepared your whole life to have a pleasing career, to make money, to marry the love of your life, and to foster children into this world. But have you thought much about death? Of course, you have, but have you thought about the right things? I know it's a strange question, but if you were to die today, how well-off would your family be?

Life insurance was created to protect your loved ones long after you've passed First Legacy Group. If you have yet to sign up for life insurance coverage you should not waste another second. Ideally, life insurance is the strongest when you sign up early because the insurance company enjoys covering healthy individuals.

If you are in your mid to late 30's you are in the perfect age group to open up a life insurance policy. The number one reason this is a smart period in your life to open the insurance up is that people are generally settled down with a family, your career is well established, and you should be in relatively great health.

If the person whose life is insured allows the policy to lapse for a certain length of time, it cannot be renewed. Keep that in mind when you first open up a policy. If you do have a lapse in payments, the life insurance policy expires and a new policy is your only option. When you open up the new policy you will have to go through all the medical examinations once again and your health considered by the insurance company at that point.

Who benefits from life insurance?
You do more than you think. After you have established a life insurance policy you can now rest at peace knowing your family will be cared for. Your family or the beneficiaries in the insurance
company's eyes are cared for. After you pass away, the family will receive the full amount of money that was agreed upon when the policy was first opened.

Opening up a policy is rather easy if you are in great health. The insurance provider will force you to undergo a series of medical examinations. This is one of those aggravations that you have to follow through with. But the good thing is you have nothing to worry about if you know you are in great health.

The insurance company must find out what state of health you are in. Insurance providers seem like they are nosy and in a way they are. But they also must look out for the company and make sure at the end of the day they are making a profit. This is why medical examinations are required.

Assuming you start your policy at a young age and your medical examinations come back positive, your life insurance plan is in full action and there for you for the rest of your life. For more information about life insurance visit First Legacy Group