April Fool’s Day is April 1st. It’s the day that you really can’t trust what’s being told to you, simply for the fact that soon you’ll be hearing “April Fools”! I am not a big fan of this day, probably because I just don’t like practical JOKES. I don’t like to play them on people or have them done to me. It’s that simple.
One thing though that you should not “fool” with is not having life insurance. I remember way back in my younger days, I didn’t even think about life insurance, because, you know, I’m young and invincible! I don’t need to worry about life insurance right now, right? In reality, the odds of dying while you’re young are pretty low, but it does occasionally happen. Once you’re out of college or high school, you should take a moment to ask yourself whether anyone you know would be strapped with the debts you leave behind. Specifically, anyone who has co-signed anything for you. If the answer is yes, then you should consider buying just enough insurance to cover those co-signed debts until you repay them.
Then there is the excuse of “I don’t have dependents or a spouse”.
If you don’t have any co-signed debt, then yes, you probably don’t need life insurance. Some people insure themselves and name a charity as the beneficiary, so if you don’t have a large inheritance but want to support a cause, this might be something to consider.
How about the one of “I’m already leaving my heirs plenty…”
Well, just to make sure, you might still want to look over your inheritance with us at Citywide Insurance to determine whether there will be any tax burdens on your heirs, because a life insurance policy is a good way to pay for those.
Then there is the “I’m a stay-at-home parent, so I don’t have an income to protect…”
Finding replacements for all the types of unpaid work a stay-at-home parent might perform—like housework, childcare, and managing household finances—can be expensive. A policy can cover the cost of hiring outside help, or it can pay for education or training so that the surviving spouse can change careers if needed. At Citywide Insurance, we think it just makes sense to insure all adults in a household, regardless of whether they earn income at a traditional job or not.
“I don’t have enough money to spend on a luxury like life insurance”.
At Citywide Insurance, we understand if you’re currently dealing with a restricted budget that even a modest policy might be out of reach. Still, it makes sense to think of life insurance as a financial product and not as a luxury purchase.
This matters especially if you have kids or other dependents, because a life insurance policy functions as something like an invisible benefactor who steps in to help pay for things in a “worst case” scenario.
Are you one to think that you would rather self-insure using your other investments? If you can afford to self-insure, then you might not need life insurance. Or you might want to self-insure through a permanent policy that offers special tax and estate planning benefits. That’s when you need to talk with the experts here at Citywide Insurance.
Then there are the ones who don’t trust the insurer to pay as promised. You’re certainly not the only one who feels this way. But what’s interesting is people who have had to deal directly with life insurance after a death feels the opposite; they tend to rate their insurers highly and find them trustworthy. At Citywide Insurance, we are local people who live in your area, and we have been in business 27 years. We certainly feel we are trustworthy. The thing is, “good” life insurance stories aren’t typically shared, since most of us don’t spend a lot of time talking to our friends about death.
We at Citywide Insurance would love to sit down with you and discuss your personal situation regarding life insurance. Call us today and let’s set up a time that is convenient for you to discuss this. We never use high-pressure tactics and there is never any obligation. We are straightforward and honest.
A policy of life insurance is the cheapest and safest mode of making a certain provision for one’s family.Benjamin Franklin