Life Insurance

Excuses, Excuses. What’s Yours?

Five reasons people make buying life insurance anything but top priority

Buying life insurance rarely makes the top 10 on our to-do lists—and we have plenty of excuses as to why. Here are top reasons people push it off, and why that might not be the best idea:

Insurance for Every Stage of Life

1) “I’m covered through work.”
Employer-sponsored life insurance is a great benefit to have. But work benefits are usually limited. What’s more, they don’t automatically go with you if you change or lose a job.

2) “I’m healthy.”
The fact is, the best time to buy life insurance is when you’re in good health. The younger you are and the healthier you are, the better your rates will be.

3) “I’m not insurable.”
Most of us are never as healthy as we want to be. But you might be surprised to find out that you are, in fact, insurable, regardless of age or health. It’s worth it just to ask.

4) “It’s too expensive.”
There are many types of life insurance available, and there’s usually something that will fit in everyone’s budget. Once you break it down, life insurance is usually cheaper than your daily latte.

5) “I’m single and don’t have children.”
Not being married or having little ones around now doesn’t mean there aren’t other plans in store for you in the future. Plus, if you are in your 20s or 30s and have debts such as student loans, a car and/or a home, it’s good to get insured now while the cost is the most reasonable. You don’t want to leave your parents or siblings trying to figure out how to settle your debts if you’re suddenly gone.

Is today the day?
The truth is, we don’t usually think about items such as life insurance until someone asks about it, or worse, someone we know experiences a life crisis that puts things in a new light. But why wait? Let us be the one to ask you about it, rather than you experiencing a loss that jolts the issue to the top of your list.

What Kind of Life Insurance?
There are many different types of life insurance policies. We will ask you questions about your life & family in order to determine what might be the best options for you. Nobody really wants to think about death, but life insurance helps the people left behind. Some of our providers will even offer multiple policy discounts on your home and auto insurance if you purchase Life Insurance from the same company! Chu & Associates has developed relationships with many life insurance companies, so we can find the perfect fit for you.

Term Life – Inexpensive insurance pays a predetermined amount if you die within the term of the policy. There is no cash value from the policy.
Whole Life – A policy that builds cash value for retirement, but also pays out a pre-determined amount if you expire before it matures.
Universal Life – A hybrid policy that has features of both term and whole life.
Youth Life – Usually term life policies with extremely low premiums and smaller benefit levels than adult policies
Easy Issue Life – No exams required and no medical rating. If you can answer “no” to a handful of questions, the policy can be issued here in our office for anywhere from $25,000 to $90,000.
Annuities – Provides you with income for your retirement years.