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LIFE INSURANCE
 Life
Insurance
should be looked at as a safety net, providing your family with the
security of an estate that you would have attained if you had lived to
a ripe old age. This safety net gives you the ability to take care of
your financial responsibilities in the event of an untimely death.
Most of us understand the
need for life insurance. However, very few of us own the proper type
or amount of coverage.
Myth or
Fact?
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Myth |
“This will leave my
spouse RICH!” |
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Fact |
Most families plan
to educate their children, have a nice home to live in, and
retire comfortably. These desires remain whether you’re here or
not. You are not leaving them rich––you are simply replacing
your income. |
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Myth |
“I only need enough
coverage to pay off my mortgage and to bury me.” |
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Fact |
The correct amount
of coverage should be 8 to 10 times your annual income. This
amount will allow your family, through proper investments, to
maintain the lifestyle to which they are accustomed. They will
appreciate your concern for them through the way you prepared
for the unexpected. |
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Myth |
“I have enough
insurance.” |
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Fact |
Sadly, this is not
true for most of us. Most of us spend more dollars than
necessary for the coverage we have. By shopping the market with a professional,
independent agency like The Independence Group, it
is often easy to obtain the proper coverage for the same amount,
or less, than is currently being spent. In other words, buy the
right product that will meet your needs, and blend in with your
budget. |
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Myth |
“I’ll spend all this
money and never get a thing out of it!” |
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Fact |
One of the newer
products available in the life insurance market is called Return
of Premium (ROP). This type of policy pays the full face value
in the event of your death (protecting your family), or returns
ALL of the paid premium at a future date you select.
We call this the “win-win policy.” No matter what, you get it
all! |
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Myth |
“I shopped all over
the place before I bought my policy. I got the best there is,
and I don’t need to shop anymore. My friend/family member took
good care of me.” |
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Fact |
Time changes
everything. If you were willing to invest the time to shop once,
wouldn’t it be time well spent to check again? Maybe you do
still have the best, but in many cases there are better and
newer products that will meet your needs. |
We believe educated clients
make the best decisions for their families. By allowing us the
opportunity to share this education with you, we are able to put
your mind at rest with the knowledge that you already have, or will have, the best
product for your family.
Leave your name and phone number on
the contact us page, and we will gladly
get you the information that will help you make an informed decision
as to which plan is best for you.
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