Practical and Secured, Reasons to Get Life Insurance Now

​Life is short, which has been highlighted by the sweeping health crisis that shocked the world this year. The uncertainty of one's survival is now an unavoidable discussion, hence the need to get life insurance. Planning for whatever unexpected circumstance that may happen is practical.

The Right Time to Invest
Health crises like COVID-19 came swooping in on the unassuming American society. However, it may not yet be enough to convince people to get life insurance. When paired with the following circumstances, however, the time to invest is now.

1. Single but has financial responsibilities like loans or when one is financially supporting family members.
2. Planning to get married while discussing the future financial set-ups within the family.
3. When one has kids, considering that no one knows when the family will lose their breadwinner.

Choosing the Life Insurance Plan to Invest In
After deciding to buy life insurance, the next crucial decision to make is choosing the investment plan. Knowing the benefits will help one make the right choice.

1. Figuring how much premium one is capable of paying.
2. Looking into insurance plans that suit one's preferred benefits.
3. Investing in plans that offer the choice of benefactors.

Basics of Permanent and Term Life Insurance
There are two life insurance types - permanent and term. Understanding their benefits is key to deciding what kind of life insurance to get.

1. No taxes on the cash-value components of permanent plans until used while term plans do not have a cash value.
2. Permanent plans last 120 years as long as the premiums are paid while the term plan lasts for specified years. 
3. Money can be borrowed for exceptional circumstances for permanent plans, which you cannot do in the term plans.

Conclusion
One can never predict the comings and goings of a person in this life. The best way to face this uncertainty is by planning. Depressing as it may sound, getting life insurance is a practical way for one's peace of mind regarding unwarranted accidents. Further, it helps us feel more secure knowing that we have prepared for our and our family’s future. It is one of the best investments you can make in your life. 

At Leigh Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (904) 826-0799. You can also request a free quote by CLICKING HERE.