Many have a habit of imagining the worst case scenario. Hiking in the wilderness, envisioning a pack of starving wolves, bloodthirsty eyes, asking yourself, “Which limb would they eat first? Probably my left foot.” As this drama plays out, you watch your family mourn your death at your (closed casket) funeral. “WHAT WILL THEY DO WITHOUT ME?!?!?”
Those artistically able will produce this nightmare into a blockbuster film. The profits of which will be able to keep your family safely financed for years to come.
For the rest of you who want to keep your family protected, even after your death, there’s Life Insurance. But with so many types of policies out there, it’s hard to know When You Need It and When You Don’t.
Let’s start with your dependents. Who is dependent on you for survival? Does that sound extreme? It is. Many of us have dependents whose lives would be far worse off without us. By capturing a life insurance policy before it’s too late, those you’ve protected and helped in life with remain protected and helped after your passing.
These policies can cover your debts, lost future contributions (e.g. wages for full time worker policy, or child care/housekeeping/tutoring for a stay at home parent policy), or large future expenses (e.g. funeral costs, college for the kids, time off work for partner to grieve).
In the case of Jo and Don Miller, Jo works 45 hours a week and Don stays at home with their two children, Oscar and Maya. They’ve each decided to take out a life insurance policy so that in the event of a death, their family will be able to maintain their lifestyle. Losing a partner and parent is bellowing. Losing the house shortly after… Not evening fitting for your worst enemies.
If the Shoe Doesn’t Fit, Don’t Buy It
Many insurance agents will try to sell and sell and sell. Call for a life insurance quote, they’ll try to sell you a policy for your goldfish. Yeager Insurance has your best interests in mind, so we want you to know which policies the other companies may try to sell you that you don’t need!
Child Life Insurance: We’ve all seen that ads on TV. For a few “pennies a day” we could buy a $10,000 (or more) policy on our child. Unless your child is a large source of income for your family — a high paid actor starring in the hit motion picture “I Was Eaten By Wolves Without Life Insurance” — they don’t need much coverage. Child death rates in the US are extremely low. It’s best to have coverage in the event the unthinkable happens, but it’s cheaper to add them to your own policy. Also, if you don’t have enough Life Insurance coverage for yourself or your spouse, you’re better off adding to your own policy before buying coverage for your child.
Guaranteed Issue Policies: Guaranteed Issue Policies will grant life insurance regardless of health or other serious factors. They cover without a medical exam. Even if you are worried about cost and coverage, check with Yeager Insurance before jumping on one of these “sounds too good to be true” offers. We may be able to cover you, even with preexisting health conditions, at a cheaper rate.
Final Expense Insurance: Elders who want to make sure their death expenses are covered. By these overpriced policies for ease. Before jumping on these offers, see us at Yeager Insurance and see if we can get you a better policy, cheaper.
Call Yeager Insurance today at 304-797-3900 and we’ll help find the perfect Life Insurance policy in Charleston, Hurricane, Nitro, Teays Valley, and nearby WV cities.