If you are anything like the average working American, as you come to the close of one year and the beginning of a new year, you can’t help but reflect on where you are in life; what you have accomplished to this point and most likely, the seemingly never-ending list of things still left on your to-do list.
This year, in particular, felt more poignant somehow, having closed out a decade that seemed to pass so quickly. Time has a way of getting past you before you realize it.
To start the decade of 2020, rather than setting goals, which can be less-than self-motivating, this year, I’ve decided that I am going to follow my little sister’s lead and choose a theme for the year and work to stay on target setting weekly objectives and intentions along the way.
My theme for this year is going to be: FOCUS.
I am a multi-tasker and have been since probably birth. Being a multi-tasker has served me very well in my career. I have found, however, that there are times when the list of things to do can become so long that I can forget some of the “important but not urgent” items on my list, which is never a good thing.
In October of 2019, CNBC reported that one of the items often seen on this list of “important but not urgent,” even if you are in your 20s or 30s, is life insurance. Some of the reasons listed are:
- Student debt not secured by the Federal Government but co-signed by a family member
- Getting married
- Starting a family
- Buying a home
- Taking care of, or planning to take care of an elderly parent or grandparent
- Starting a business
- Personal debt that would affect loved ones
Now, there are different types of life insurance, and they vary in what they cover and what they cost. But, one thing is almost certainly a guarantee. The longer you wait to get insurance, the higher your premium payments will be every month. Age and health are factors.
I’ve read a handful of articles online recently and listened to several podcasts about this subject as well. Some of the information that’s out there can be especially dangerous and not very financially responsible. If someone were giving that advice to my kids, I’d want to set an appointment with them and have a long discussion. Because the truth of the matter is if you have a life insurance policy that you can’t cash in or convert, or that doesn’t cover you in the case of catastrophic illness/injury – you are merely giving your money to an insurance company for some minimal coverage, and that money is doing nothing else for you. That is distressing and frustrating to those of us who know better and can help you do better.
Hall Benefits, LLC works closely with our clients to make sure that they understand their options and give them access to the best possible policy for the best possible premium. That does not mean the cheapest premium. The least expensive premium typically means that you are giving your money to the insurance company and the chances are that you and your loved ones will never see that money again. If that’s the policy you truly want, we have access to those policies as well, but Hall Benefits trusted Agents work with our clients to stay away from those Term policies as much as possible. There are other, much better and much more cost-effective ways to obtain life insurance that does more than pay your beneficiary if you die – or allow the insurer to walk away with your money at the end of a 1,5,10, 20- or 30-year term.
True, you were responsible and you were covered by life insurance for that period – but, now what? If all is relatively well in your world, you have nothing to show for the premiums you paid to the insurance company for X number of years. Not a dime. So much for ‘affordable financial protection.’
There is a better way.
The Agents at Hall Benefits, LLC, can help you create a life insurance policy unique to you and, that can change as your life’s circumstances change. This policy can have “living benefits” which give you access to your life insurance premium if certain conditions of illness or injury are met; meaning, you can have money from your policy coming in while you are recovering rather than adding the worry of finances to your illness or injury. This is your insurable financial safety net.
Additionally, if at the 20 or 25 year mark, you decide that your policy has served it’s purpose, you can close out this policy and receive all of your paid premiums back!! Does your Term policy give you your money back after covering you?
Let the insurance company take the risk.
You can have your coverage –
extremely good coverage –
and get your money back!
Start today where you are at with the right strategy and allow Hall Benefits Agents to help you carefully transform your policy as your career and life circumstances warrant.
Don’t lose sight of this “very important but not typically urgent” To-Do on your list.
Call, text, or email and tell us the best time to get in touch with you and schedule an appointment with one of our exclusively trained professionals. Let Hall Benefits help you craft your financial future.