Life Insurance Process

The Life Insurance Process Sign the Contract Assess your need for life insurance Free Look Policy 12 Calculate your needs Underwriting Process Which type of life insurance do you need? (@ Use aggregator Website Medical Exam Choose your Policy Assess your need for life insurance Determine 8 in 10 consumers who have had a positive experience with life insurance say "life lite insurance. insurance plays an important role in life " whether you need Single Most young singles think they don't need life insurance, but they do. Reasons why Some singles take insurance Some people are carrying significant debt Provide financial assistance for ill parents To provide Insurability for life Taken out a personal loan to buy a car Starting your career and landed your first job Found the love of your life and about to tie the knot Fact Feel that life insurence is ДUKА necessary and that everyone should have it. Married with no Children Reasons why just married take insurance Just bought a house and a mortgage to %24 Got personal debt as well as credit cards maxed out go with it About to start a family Secure your insurability Got a pay rise %24 Plan to send the children to a private school Fact Fifty percent of U.S. households (58 million) say they need more life insurance ! Married with Children Reasons why just married take insurance Renovating the house Have special needs for child Have physically or financially dependant parent/s Divorced and on your own again Want to leave an inheritance for children Fact Thirty percent of U.S. households have no life insurance at all; only 44 percent have individual life insurance. Small Business Owner Why do small business owners take insurance Have fixed expenses such as rent, lease payments and phone bills Taken out a business loan to purchase a commercial building Gone into business with a new partner Have key staff within your business that contribute to profitability Single Parent Is it necessary for single parents or single mom to have life insurance Get enough insurance to cover your lost income Children's education Debt protection Immediate expenses Living expenses Care While 4 in 10 households with children under 18 now include a mother who is either the sole or primary earner for her family yet, among women who have life insurance, their coverage is only 69 percent of the average coverage on men. Fact Retired Each individual will have their own needs at this stage of life ! When Might Life Insurance be Useful for Seniors? To replace essential income for a spouse/partner or family that may be lost if the individual dies. To pay off any existing debts and financial commitments. To leave behind an additional lump sum cash legacy. To cover estate and funeral expenses Fact Almost 20% of Americans' have long-term savings in permanent life insurance and retirement annuities References http://www.sheknows.com/parenting/articles/971583/5-reasons-every-parent-should-have-life-insurance https://suite.io/carol-finch/3d0n2s4 http://visual.ly/life-insurance-coverage-declining-despite-americans-recognizing-need https://www.acli.com/About%20ACLI/Pages/FS12-005.aspx