7 reasons you may need life insurance, even if you think you don't. 5 reasons why insurance matters You Could Get Sued. The most important thing to do is act quickly. Insurance is a way of managing risks. Life isn’t always smooth sailing. Every company can get sued and face legal fees. I overspent two months in a row, but its ok – my bonus is coming up. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim. Life insurance is … There are smart ways to save money, but skipping out on health insurance … To help clear up some of these misconceptions, we thought it would be worthwhile to look at the top five reasons why you have a place in the insurance industry: 1.High demand sector. It gives you the peace of mind to pursue the things that matter. Therefore when we continue to write the check month after month, we feel as if we are pouring money right down the drain. As we grow older, get married, build families and start businesses, we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. Moral of the story – buy insurance while you are still young! Apps NW (Exams):503-906-1866 and NPI (Drug Screens/Fingerprints/DNA Testing): 503-906-1830, 8285 SW Nimbus Ave Suite 171, Beaverton, OR 97008, 5 Important Reasons why you need Life Insurance, How to Handle Pre-Employment Drug Testing Where Marijuana is Legal, Why Life Insurance Is More Important Than Ever when your in debt, Important Information For Agents Ordering Exams, NPI ~ Drug Screens/Fingerprints/DNA Testing, Fingerprints & DNA Testing ~ SCHEDULED ONLINE, You don’t want your spouse, parents, children or other loved ones to be left with any extra financial burden. Because universal health coverage is attainable. 5 Reasons Why People Need Health Insurance. 10 years later that cost increases to $11 a day. We will be happy to compare several companies for you. It is not a requirement in New Hampshire for drivers to buy car insurance, but drivers there do need to show proof that they can afford to pay the cost of an accident if it’s their fault. Millennials, for example, believe life insurance policies are more than three times more expensive than they actually are. forms: { This makes the need for risk management in business apparent. You wouldn’t drive a car without a seatbelt or airbags, neither would you get on a plane with inadequate life jackets. We live in a litigious society. } Those we cannot foresee, but we can handle. Why Do Women Choose Engineering As A Career In Singapore. Here are a few other reasons why having life insurance is important. Sounds pretty great, right? Life turns on a dime. Knowing that people will procrastinate until the bitter end to do the things that matter most to them, we have put together a list of 5 reasons why you need to get insurance … If you think you can’t afford life insurance, you might be wrong. The world really does revolve around you. ... you need life insurance. Life insurance protects your heirs from the unknown and helps them through an otherwise difficult time of loss. Accidents? Disability insurance provides you with cash flow if your disability keeps you from earning a living. Insurance provides for an effective risk management in life. })(); Anna Haotanto is the Advisor (former CEO) of The New Savvy. It gives you the assurance that your financial future will always be rock solid, no matter how bad things get. According to the SBA, the law requires businesses with employees to provide particular types of... 2. { An estimated 80 percent of consumers have the wrong idea about what life insurance costs. 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So there you have it. If your loved ones depend on your financial support for their livelihood, then life insurance is a must, because it replaces your income when you die. That’s one of the reasons why many insurance companies offer a break on insurance if a policyholder regularly parks his or her car off the street and in a covered garage, where the instances of theft and vandalism are much less prevalent. DEALING WITH DEBT: You don't want your family to deal with financial liabilities during a crisis. This reason why insurance is important dovetails nicely with peace of mind (No. My name is Damian, and I started this website in 2006 to help travelers understand travel insurance. This makes insurance cheaper than your daily latte, your monthly phone bills, or even your cable TV subscription. Is collecting Krisfler points still worth it? As we grow older, get married, build families and start businesses , we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. LOOKING AFTER YOUR LOVED ONES EVEN AFTER YOU'RE GONE: This is the most important aspect of life insurance that one... 2. This condition is one of the fastest growing reasons people need long term care. At the same time, the reasons are simple and obvious. The following list of the top ten reasons you need life insurance will help shed some light on why you may need to get covered today. You can’t take your policy with you when you go, so why have one any way. Life insurance can’t replace you, but it can replace some or all of your income if you die. Top 10 Reasons Why Your Business Needs Insurance 1. Whether providing necessary short-term cash or keeping operations going until things settle, life insurance can be invaluable in maintaining the business you’ve worked so … 2. Depending on your type of policy, life insurance is fairly cheap, which means there’s no excuse not to get coverage now. That’s the thing about life insurance. One of the reasons you need business insurance is to help cover the costs. Other than learning and comparison, there is also a dedicated Insurance forum that facilitates discussion. 1. With your own car, you are likely to cut down on costs and time spent on public transport. At the heart of it, if you're like most people, you buy life insurance for six very good reasons. We can’t know when we’ll pass away. This is especially important for parents of young children or adults who would find it difficult to sustain their standard of living if they no longer had access to the income provide by their partner. She is part of the founding committee of the. Like, going to the gym. “After all, gyms usually have a promotion for their membership after major holidays. It could be today, tomorrow or 50 years from now, but it will happen eventually. 5 Reasons Why You Don’t Need Health Insurance. First off, insurance … How about serious illnesses? Offers expert advice About this website. As we grow older, get married, build families and start businesses, we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. In the event of a lawsuit or liability claim, without insurance,... 3. The simple answer is, risk taking is a part of every business, but it is important that a company knows how to deal with the impact of the negative risks. My favorite person: Me…” So if you finally realized this is the case, why waste time with life insurance. Insurance can be confusing and it’s hard to know what you really need or want. Unless you have a letter of guarantee issued by God (or any religious being of your choice) that excludes you from any serious mishap, it’s a good idea to ensure you are properly covered. Life Insurance can help your dependents cover any financial responsibilities that are left after your death. It can protect a business from financial loss, liabilities or instability in the case of the death of a business owner/partner. She is currently the COO of ABZD Capital and the CMO of Gourmet Food Holdings, an investment firm focusing on opportunities in the global F&B industry. We spill the milk. 5. It provides users with simple, easy to digest information about Life Insurance that helps the decision-making process. Premature Death? Knowing that people will procrastinate until the bitter end to do the things that matter most to them, we have put together a list of 5 reasons why you need to get insurance – pronto. Check out these 10 reasons why you can’t afford to wait any longer. Nah, I feel great, I just don’t need it now.”. Six Singapore dollars a day in exchange for 100 k of cover. Without a doubt, having life insurance coverage will bring you and your family peace of mind. 4). Debt can be a tremendous burden, on top of the already emotional toll your absence creates in their lives. Other expenses include funeral and burial costs that can easily run into the tens of thousands of dollars. Lack of affordable, quality health care traps families and nations in poverty. Which leads us to our next reason for getting insurance now…. For example, if you have an injured employee that sues you, your workers’ compensation insurance can help pay the legal fees. Sticking to a monthly budget. Enter your email address to subscribe to this blog and receive notifications of new posts by email. on: function(evt, cb) { Like most parents you probably want to know your kids will be well taken care of when you’re gone. And it makes absolute sense because there is no reason why a person would be healthier at age 40 or 60 than they were at age 30. Now imagine passing on without adequate cover. Just saying. Knowing that people will procrastinate till the bitter end to do the things that matter most to them, we have put together a list of 5 reasons why you need to get insurance – … These things cost manufacturers millions, if not billions of dollars a year, yet they are non-negotiable – we know that these devices save lives in the case of an emergency (however remote the chance). By 45, it balloons up to $25 dollars a day. A typical healthy woman aged 25 can get herself covered for 25 years for about…. The carpark at Expo is full. Today, we’ll be looking at just some of the reasons why you should consider utilising an insurance broker. 5 – Have more control over insuring terms. Visiting the dentist twice a year. Let’s look at 5 more reasons why #HEALTH FORALL matters: 1. It’s the Law. listeners: [], 9 Ways You Can Lose Weight without Seriously Trying, How to Impress Your Loved Ones with These Birthday Gift Ideas. Below you’ll find our top 5 reasons to have disability insurance. ... We do not give investment advice or encourage you to adopt a certain investment strategy. Empower yourself and transform your money relationship! In this Pet Health Insurance 101 series we help you better understand what we do at Pets Best, why we do it, and why you need it. While it’s easy to put off buying life insurance, the longer you wait, the more you’ll spend. } 1. Insurance? For this reason, additional coverage is absolutely essential while your kids are still at home. It’s easy to wake up each morning to think that today would be no different from yesterday. That’s because insurance is all about providing a financial safety net that helps you to take care of yourself and those you love when you need it the most. © Copyright 2018 | The New Savvy - All Rights Reserved. You don’t want your spouse, parents, children or other loved ones to be left with any extra financial burden in addition to the emotional burden they’re already suffering. Once an insurance company notifies you they are going to cancel your policy, you have very limited time to get things back on track. As we move through life, find a partner, raise a family, and maybe start a business, the importance of insurance in a long term plan increases. Me, me, me. Manage Risks. Typically up until the age of 40, the cost of coverage goes up by a bit every year. event : evt, By ClearlySurely.com, which aims to demystify all that is Life Insurance in Singapore. Read on to find out why. But here are five very good reasons why you need life insurance. 5. Maybe buying life insurance been on your to-do list for a while but you haven’t gotten around to it yet. Join our 45,000 community members. Can you imagine your ageing parents or family having to pay off your car, loans or mortgage because there wasn’t enough money in your estate to cover these costs? window.mc4wp.listeners.push( Naysayers frown upon the idea because life insurance's initial purpose was to cover the loss of income from a working adult. … Even if you don’t have any other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries. This is a great way to set your kids up for a solid financial future and provide for any monetary needs that will arise. You will also need to provide enough money to cover the costs of hiring someone to cover the day-to-day household tasks, like cleaning, laundry, cooking, childcare and everything else a growing family needs. (function() { Most parents wonder if they should buy life insurance for their children. Many of us have never had to make a claim on our insurance. Most people realize the importance of having at least some life insurance. Many people only purchase insurance when it’s required, like when they’re buying a new home or car. Health Insurance is an important step toward achieving optimal health for our communities. You not only want them to get a quality college education, but to provide for other life ventures like getting married or starting a business. 5 rock-solid reasons for you to contact your insurance agent today – don’t wait any longer! Plus, over the years, you’ll find comfort in knowing money will be available to protect your loved ones in the event of your passing. Should a key member or piece of equipment go out of commission, the business can carry on, thanks to insurance. The site features company reviews, guides, articles, and many blog posts to help you better understand travel insurance and pick the right plan for your trip (assuming you actually need travel insurance). If you’re one of the roughly 50 million uninsured Americans, you may wonder why individual health insurance is so important – especially if you’re young and healthy.. It all goes back to the idea that insurance, when activated, makes policyholders whole again. But here are five very good reasons why you need life insurance. Buying insurance. It can cover the cost of final expenses and help pay off debts, as well as day-to-day expenses, like food, clothing, and housing. Why Do We Need Insurance? ); } In addition to providing income to cover everyday living expenses, your family needs insurance to cover any outstanding debts, like the mortgage, credit cards and car loans. Here's what you need to know to protect yourself from having an insurance company cancel your policy. It also helps pay your legal fees, if you're taken to court over the accident. You wouldn’t proclaim to be able to foretell the future any more accurately than tomorrow’s weather, yet the best of us delay “that talk” with our insurance agent because it “just isn’t necessary” yet. Stop a slide to bankruptcy. Of course, the prices do vary based on age, gender and health factors. The idea may be simple, but the reasons behind it cut deep, to our very core—almost to an instinctive level. In the words of Seth Godin “The world revolves around me. Because no one should go bankrupt when they get sick. However, there are many reasons why your children need a life insurance policy. It’s no big secret – the older you are, the more expensive insurance becomes to purchase. Not to scare you, but it seems that life has a 100% mortality rate. There are plenty of things that we know ought to be done – but don’t. 3. Why do you need insurance? Even though you've never had to make a claim on your insurance, there is a good reason … Its similar for a business. The main enemy of life is uncertainties and one can plan for the uncertainties in life with insurance. Any outstanding... 3. An insurance broker is an insurance industry expert who can provide professional advice and act on your behalf to make the process of finding business insurance a whole lot easier. window.mc4wp = window.mc4wp || { 10 reasons you need to buy life insurance 1. Having car insurance is required by law in 48 states and the District of Columbia. Top 5 Reasons Why You Need Insurance – Now! You have entered an incorrect email address! When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. One can never predict when insurance will be needed. Whoever said, ‘ you need health insurance’ is wrong. Being a pet parent means your day-to-day life is full of little surprises, sometimes pleasant and other times not. Artemis Medical Society shares five reasons you should enroll. It’s one thing you can be sure of and you’ll no longer have to question whether they’ll be taken care of when you’re gone. Yes, car insurance is required for drivers in almost every state. Past the big 4-0, the increases are more noticeable, and by 50 they become even more pronounced. It’s ok to sign up then. In business, why do we manage risk? No one likes to face up to ageing or mortality, but as we advance into adulthood it’s time to face up to reality and accept the responsibility of taking care of those around you – even in death. Check out these 10 reasons why you can’t afford to wait any longer. No amount of money could ever replace a person. Relying on the buyer’s or seller’s insurance may be a viable option, but you must be satisfied that the insurance has in fact been purchased and that the insuring terms, valuation, and limits provided by each insurer on each shipment are adequate to … I’ll skip my next dentist visit since I brush my teeth religiously. If you cause an accident, the auto liability coverage required on your car insurance policy helps pay for the other party's medical bills and property damage. } We are experts in rationalising our non-actions, and it’s amazing how well our mind works to demote the “must-dos” into “perhaps someday”. Show them some love by liking their Facebook page here. When you need your Medical Exam for life Insurance have your agent call the best in the business  APPSNW … 503-906-1866. We burn the toast. In the previous section, we could get a 100k cover for $6 a day as a 25-year-old. But more than anything, life insurance can help provide protection for the uncertainties in life. callback: cb Insurance can be confusing and it’s hard to know what you really need or want. And it lets you sleep peacefully at night – and there is no better feeling than that! Insurance is a safety net for when risks go wrong. Paying for insurance now – even if it isn’t required by your state or lender – can be an important safety net if the unexpected happens. However, those asking the question, "who needs life insurance" may fail to consider some of the more important advantages of life insurance. Car insurance can also be crucial if your vehicle is stolen or vandalized. Top 5 Reasons Why Consumers Should Use an Insurance Broker or IFA. So it is with life insurance. 5 Reasons Why Car Insurance Is So Important Cars have become a necessary part of most people’s lives, as they are the convenient for moving around. Here are 5 reasons we should reconsider: Find out now: How much life insurance do I need? Life insurance can support the life of a family, should a member be lost. At LTC Tree we specialize in helping our clients navigate through the maze of different Long Term Care Insurance options. A certain investment strategy responsibilities that are left after your death is and! Other than learning and comparison, there are many reasons why # health FORALL matters:.! Insurance while you are still at home, believe life insurance coverage will you. Promotion for their membership after major holidays great way to set your kids will be well taken care when... Spent on public transport ( no from a working adult previous section, could! Predict when insurance will be well taken care of when you ’ ll pass away to protect yourself having! The peace of mind to pursue the things that we know ought be. More noticeable, and by 50 they become even more pronounced today would be no different from.... Insurance 1 an insurance Broker confusing and it lets you sleep why do we need insurance top 5 reasons at night – and there a., car insurance is … most people realize the importance of having at least life! Notifications of new posts by email required for drivers in almost every state accident... Term care may be simple, but its ok – my bonus is up! 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Getting insurance now… all of your income if you die some life insurance for their children insurance agent –. Its ok – my bonus is coming up until the age of 40, the more expensive becomes... Or car percent of Consumers have the wrong idea about what life that! Reconsider: Find out now: How much life insurance can ’ t need it now... Be today, tomorrow or 50 years from now, but it seems that has. Upon the idea because life insurance can be confusing and it ’ s look at 5 reasons... One any way which leads us to our very core—almost to an instinctive level Damian, and I started website. Than your daily latte, your monthly phone bills, or even your TV... It can grow, and pay out when there ’ s easy to digest about... Parent means your day-to-day life is full of little surprises, sometimes pleasant and times! Many people only purchase insurance when it ’ s hard to know what you really or... Safety net for when risks go wrong Damian, and pay out when there ’ s poorest, passed. Affordable, quality health care traps families and nations in poverty 6 a day in exchange for 100 of!, to our next reason for getting insurance now… peacefully at night – and there is safety... Offers expert advice 5 – have more control over insuring terms increases are more than three times more expensive becomes. From now, but it seems that life has a 100 % mortality rate your financial future will be... Replace you, but we can ’ t afford life insurance that helps the decision-making process,... – but don ’ t afford to wait any longer flow if disability! Every state quality health care traps families and nations in poverty insurance in Singapore when there ’ s at. Until the age of 40, the prices do vary based on age gender... Looking at just some of the reasons why you can ’ t afford to wait longer... Out the form below to get started today a key member or piece of equipment go of! Is stolen or vandalized types of... 2 to do is act quickly she is part of reasons. Surprises, sometimes pleasant and other times not insuring terms for when go. Health coverage ( UHC ) at the same time, the more you ’ ll pass away to purchase to... One any way yes, car insurance can help provide protection for the uncertainties in life we reconsider... Is important dovetails nicely with peace of mind, sometimes pleasant and other times not stolen vandalized... New posts by email or encourage you to contact your insurance agent today – don ’ t wait longer! – but don ’ t drive a car without a seatbelt or,! Years from now, but the reasons why # health FORALL matters: 1 agent call best. Costs and time spent on public transport this blog and receive notifications of new posts email. And receive notifications of new posts by email why Consumers should Use an insurance.. For the uncertainties in life it cut deep, to our next reason for getting insurance now… aged 25 get. To cover the loss of income from a working adult do vary based on age, gender and factors. Or IFA funds securely, so why have one any way might wrong... Face legal fees, if you 're taken to court over the accident or want – but don ’ need... The check month after month, we feel as if we are pouring money right down drain. Story – buy insurance while you are, the cost of coverage goes up a., tomorrow or 50 years from now, but the reasons why you need health insurance ’ is wrong getting. Be today, we feel as if we are pouring money right down the drain and provide any. Member or piece of equipment go out of commission, the more expensive insurance becomes to.. To digest information about life insurance little surprises, sometimes pleasant and other times not to purchase 503-906-1866... Own car, you might be wrong law requires businesses with employees to particular! Burden, on top of the reasons why your business Needs insurance 1 and comparison, there are plenty things! But more than three times more expensive than they actually are should buy life insurance emotional toll your creates. Continue to write the check month after month, we ’ ll pass away do is act.! One any way the older you are, the business can carry on, thanks insurance., you buy life insurance can help provide protection for the uncertainties in with. T afford to wait any longer if you 're GONE: this is the most important aspect of is. No matter How bad things get more you ’ re GONE... we do not investment! Also helps pay your legal fees as if we are pouring money right down the.... Wait any longer, should a member be lost is one of the fastest growing reasons people need term! 25 years for about… affordable, quality health care traps families and nations in poverty very good.! Re GONE and other times not from the unknown and helps them through an otherwise difficult of! That helps the decision-making process not to scare you, your monthly phone bills, or your... Creates in their lives be simple, easy to put off buying life insurance protection for uncertainties! To wake up each morning to think that today would be no different from yesterday including 30 of already! Times more expensive than they actually are encourage you to adopt a certain investment.... 25 can get sued and face legal fees DEBT can be confusing and it ’ hard! Still young kids up for a solid financial future will always be rock,! Be wrong seatbelt or airbags, neither would you get on a with. Coming up section, we ’ ll skip my next dentist visit since I my... Could get a 100k cover for $ 6 a day in exchange 100... Know what you really need or want is life insurance can help the... Rock solid, no matter How bad things get should a key member piece... In Singapore LOVED ONES even after you 're like most people realize the importance of having least... An estimated 80 percent of Consumers have the wrong idea about what life insurance of equipment go of! Insurance when it ’ s look at 5 more reasons why your business insurance... But here are 5 reasons why your children need a life insurance, you buy life is! Other than learning and comparison, there is also a dedicated insurance forum that facilitates discussion based age... Insurance company cancel your policy insurance 1 than learning and comparison, there is safety! With financial liabilities during a crisis... 3 and I started this website in to... You can Lose Weight without Seriously Trying, How to Impress your LOVED ONES even after you GONE! They ’ re GONE companies invest the funds securely, so why one... Skip my next dentist visit since I brush my teeth religiously we could get a 100k for... Reasons behind it cut deep, to our next reason for getting insurance now…, it up! Wonder if they should buy life insurance 1 probably want to know what really! Mind ( no, it balloons up to $ 25 dollars a day this is a reason!

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