Let’s face it, we are the biggest procrastinators in the world. As they say it’s not just a word, it’s a NATION (procrastiNATION)! When it comes to investing in life insurance to protect your spouse and children in the inevitable chance you pass away earlier than a time when you have $1million sitting in the bank for your family to utilize to pay bills, college, continue living in same area, etc., you don’t want to procrastinate.

All too many times by the time I connect with an individual about investing in life insurance, they already have uninsurable health issues or health issues that make the monthly premium higher than they can afford.

You want to be a highly insurable risk when you first invest in your life insurance. You do this by purchasing a policy as soon as you have a family and responsibility to them to make sure they are protected for life. Every day after that is a risk you will take.

Sounds like scare tactics. But be honest with yourself. Just think about how many people you see being diagnosed with cancer and other potentially fatal diseases and how many people you hear about getting killed in car accidents every day in the news.
Too many people dying at young ages leaving families with zero financial aid.

Scenario – Family of 4 with no life insurance (kids 6 and 8 years of age). Father dies, mother hasn’t ever worked outside house. Mortgage $250,000, Monthly bills including mortgage $4,500/month, Father’s previous monthly take-home income $5,000/month.
Month 1 family has $4,500 in bills to pay including the one that keeps a roof over their head – income to do so: $0. Month 2, 3, 4, 5 – how do you think those are looking?
Imagine grieving over the father with the financial distress piled on top of that.

Better Scenario – Same family with $500,000 in life insurance. Check issued to wife within days after death. Wife counseled to put money in bank account. Month 1 – bills paid, month 2, 3, 4, 5 bills paid. This will allow the family roughly 8 years of financial support. Plenty of time for wife to get trained in business, get a job, get remarried, etc. Grieving without the financial distress is priceless! The loss of a father is pain enough.

When you can invest in a life insurance policy for as little as $30-$50/month (we spend more than that on Starbucks, eating out for one meal, a pair of shoes, that’s 1/5 of the price of going to Disneyland for a family of 4), why procrastinate? Facts are facts and we are all going to die sooner or later. Maybe you will be one of those that lives to 75 years of age and your family is financially sufficient, maybe not. Such a small premium investment for such a great benefit in life insurance.

If you have questions, please feel free to call me and I will invest my time into you to help you determine what is best for your family.
Timothy Feuling
Your Insurance Specialist