Is Life Insurance Right for Your Lifestyle?

You may possess some pre-conceived notions about life insurance, and if you have done any research you’ve probably breaking news  conflicting views on the topic. Knowing whether or not insurance is right for you can be difficult to determine on your own. That’s why we’re here to help.

Here are some common lifestyles and how life insurance applies to each one. Find the one that best matches you and your lifestyle:

The Family (Wo)man

Your life is centered around your spouse and children. You work hard to provide for your family, and want to make sure you are doing what’s best for them.

If you are at this point in your life, then you probably understand how important insurance is to someone with a growing family. It guarantees that should anything happen to you, your family is well provided for.

Even if you are not the sole provider for your family, insurance covers the costs for the many things you do. For example: if the parent who cares for the kids passes away, childcare or other similar services may now be necessary, which can be costly.

Life insurance is crucial for this lifestyle; you want to protect your family’s future against any possible circumstance.

Mr. / Miss Independent

You’re single and independent, and you don’t have anyone who depends on you financially. Insurance may not be as critical for you as a person with a family, but that doesn’t mean getting it doesn’t have its benefits.

First, you should know that the younger you are, the cheaper it comes. Even if you don’t have a family now, you may have one in your future.

Life insurance doesn’t have to be for a spouse and children. Should something happen to you, insurance can help your parents, friends, or other relatives. It can also go towards paying funeral costs and paying off any debts.

It’s never too early to start planning for your future.

The Health Nut

You frequently visit the gym and are dedicated to eating healthy. You don’t smoke, and if you drink, it isn’t much. All in all, you know how to treat you body right.

If this is you, we have good news: you are the ideal candidate for insurance.

Insurance companies keep tabs on people’s habits, and you will be rewarded with lower rates for being a health-conscious individual. Also consider that the younger you are, the lower your rates.

It’s just one more benefit to living a healthy lifestyle!

The Renegade

You’re young or maybe just young at heart. You’re having fun, and even though you have a few bad habits, you only live once, right?

You may not be thinking about it right now, but down the road you may be looking to get insured.

So what do drinking and smoking have to do with life insurance?As it turns out, a lot.

Providers want to know the most about everyone they insure. They need to know what your health habits are, so they can price your insurance accordingly. If they see that you smoke or drink (and they will)the cost for your insurance becomes automatically higher than a person who is a non-smoker, or say, who only drinks occasionally.

Don’t think that this is keeping you from getting insurance, however.You are still insurable.

If you have a family, are thinking about having a family, or would like to help provide for your parents, your habits are not keeping you from doing so. Though, you should consider the benefits of living a healthier lifestyle, both for you and your loved ones.

The Adventurer

You’re big on traveling. You enjoy a myriad of outdoor activities and like to be away from home when you can.

We don’t want to dissuade you from your adventurous lifestyle, but you should be aware of the facts.

Providers see what your hobbies are. If they see you are frequently flying, sky-diving, or mountain-climbing, your insurance rates are going to be higher than someone with lower-risk hobbies.

Don’t let this discourage you from getting insured. If something should happen to you, make sure that those who depend upon your income are well provided for. Even if you are single, insurance can help your parents, friends, or other relatives pay for funeral costs or cover any debts you may have accumulated.

The Retiree / Empty Nester

You’ve worked hard for decades, and are finally getting your well-earned rest.

Even if your kids are grown, you should consider getting a good policy to help them and your grandkids in the future.

Think you are too old or have too many health problems to get life insurance?

Not true. Yes, it is cheaper when you are younger, but a little extra cost shouldn’t keep you from getting it now that you are older. If you have health problems, the rates will go up as well, but there are providers who specialize in insuring those with health problems.

After all, isn’t a little extra cost worth the protection of your family’s future?

No matter where you’re at in your life, or what kind of lifestyle you live, there are reasons you need to get or at least consider it. When you buy insurance, you are showing responsibility by protecting the future of those you care for. It may be an uncomfortable topic, but don’t wait until it’s too late to ensure the financial security of your loved ones.

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