})(); Anna Haotanto is the Advisor (former CEO) of The New Savvy. Sticking to a monthly budget. 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. Insurance can be confusing and it’s hard to know what you really need or want. Maybe buying life insurance been on your to-do list for a while but you haven’t gotten around to it yet. So it is with life insurance. We can’t know when we’ll pass away. Other expenses include funeral and burial costs that can easily run into the tens of thousands of dollars. Car insurance can also be crucial if your vehicle is stolen or vandalized. Let’s look at 5 more reasons why #HEALTH FORALL matters: 1. Insurance is a safety net for when risks go wrong. We will be happy to compare several companies for you. It gives you the assurance that your financial future will always be rock solid, no matter how bad things get. Depending on your type of policy, life insurance is fairly cheap, which means there’s no excuse not to get coverage now. It’s the Law. forms: { Many people only purchase insurance when it’s required, like when they’re buying a new home or car. } 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. But here are five very good reasons why you need life insurance. However, there are many reasons why your children need a life insurance policy. LOOKING AFTER YOUR LOVED ONES EVEN AFTER YOU'RE GONE: This is the most important aspect of life insurance that one... 2. This makes the need for risk management in business apparent. By 45, it balloons up to $25 dollars a day. 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. 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. The most important thing to do is act quickly. So there you have it. My favorite person: Me…” So if you finally realized this is the case, why waste time with life insurance. Empower yourself and transform your money relationship! First off, insurance … Past the big 4-0, the increases are more noticeable, and by 50 they become even more pronounced. This reason why insurance is important dovetails nicely with peace of mind (No. I’ll skip my next dentist visit since I brush my teeth religiously. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim. It’s ok to sign up then. In the previous section, we could get a 100k cover for $6 a day as a 25-year-old. It provides users with simple, easy to digest information about Life Insurance that helps the decision-making process. Without a doubt, having life insurance coverage will bring you and your family peace of mind. (function() { 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. Nah, I feel great, I just don’t need it now.”. There are plenty of things that we know ought to be done – but don’t. Many of us have never had to make a claim on our insurance. We burn the toast. Life insurance can’t replace you, but it can replace some or all of your income if you die. At the same time, the reasons are simple and obvious. window.mc4wp = window.mc4wp || { How about serious illnesses? This condition is one of the fastest growing reasons people need long term care. Millennials, for example, believe life insurance policies are more than three times more expensive than they actually are. Like, going to the gym. Moral of the story – buy insurance while you are still young! Because no one should go bankrupt when they get sick. 7 reasons you may need life insurance, even if you think you don't. 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. Of course, the prices do vary based on age, gender and health factors. Read on to find out why. Here are 5 reasons we should reconsider: Find out now: How much life insurance do I need? 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. 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 – … Here's what you need to know to protect yourself from having an insurance company cancel your policy. Top 10 Reasons Why Your Business Needs Insurance 1. 5 – Have more control over insuring terms. } 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). You have entered an incorrect email address! Because universal health coverage is attainable. Every company can get sued and face legal fees. Below you’ll find our top 5 reasons to have disability insurance. It could be today, tomorrow or 50 years from now, but it will happen eventually. 4). 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. 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. It gives you the peace of mind to pursue the things that matter. This makes insurance cheaper than your daily latte, your monthly phone bills, or even your cable TV subscription. 70 countries, including 30 of the world’s poorest, have passed laws toward Universal Health Coverage (UHC). Disability insurance provides you with cash flow if your disability keeps you from earning a living. } Buying insurance. Is collecting Krisfler points still worth it? With your own car, you are likely to cut down on costs and time spent on public transport. Debt can be a tremendous burden, on top of the already emotional toll your absence creates in their lives. Manage Risks. At LTC Tree we specialize in helping our clients navigate through the maze of different Long Term Care Insurance options. Why Do We Need Insurance? 5. At the heart of it, if you're like most people, you buy life insurance for six very good reasons. 5 Reasons Why People Need Health Insurance. It can protect a business from financial loss, liabilities or instability in the case of the death of a business owner/partner. 1. Join our 45,000 community members. Life isn’t always smooth sailing. 5 reasons why insurance matters We live in a litigious society. 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. Like most parents you probably want to know your kids will be well taken care of when you’re gone. We spill the milk. When you need your Medical Exam for life Insurance have your agent call the best in the business  APPSNW … 503-906-1866. 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. 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. She is part of the founding committee of the. 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). It’s easy to wake up each morning to think that today would be no different from yesterday. 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. An estimated 80 percent of consumers have the wrong idea about what life insurance costs. ... We do not give investment advice or encourage you to adopt a certain investment strategy. For this reason, additional coverage is absolutely essential while your kids are still at home. listeners: [], The world really does revolve around you. 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. Even though you've never had to make a claim on your insurance, there is a good reason … Once an insurance company notifies you they are going to cancel your policy, you have very limited time to get things back on track. 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. Lack of affordable, quality health care traps families and nations in poverty. My name is Damian, and I started this website in 2006 to help travelers understand travel insurance. 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. Therefore when we continue to write the check month after month, we feel as if we are pouring money right down the drain. It also helps pay your legal fees, if you're taken to court over the accident. 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. Premature Death? Any outstanding... 3. Having car insurance is required by law in 48 states and the District of Columbia. Life turns on a dime. 10 years later that cost increases to $11 a day. Insurance provides for an effective risk management in life. About this website. No amount of money could ever replace a person. Most parents wonder if they should buy life insurance for their children. “After all, gyms usually have a promotion for their membership after major holidays. Me, me, me. That’s the thing about life insurance. Its similar for a business. callback: cb Not to scare you, but it seems that life has a 100% mortality rate. event : evt, However, those asking the question, "who needs life insurance" may fail to consider some of the more important advantages of life insurance. ); But more than anything, life insurance can help provide protection for the uncertainties in life. 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. The carpark at Expo is full. 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”. Now imagine passing on without adequate cover. Life insurance is … Typically up until the age of 40, the cost of coverage goes up by a bit every year. 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. } 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. Artemis Medical Society shares five reasons you should enroll. Naysayers frown upon the idea because life insurance's initial purpose was to cover the loss of income from a working adult. Has a 100 % mortality rate Gift Ideas, have passed laws toward Universal health coverage UHC. A dedicated insurance forum that facilitates discussion but its ok – my bonus is coming.. 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