Your personal insurance encompasses your home, auto, life, and health insurance needs. Within each product there are so many coverage variations to chose from. It can often be confusing to chose the proper protection for your family.
Worse still, this economy is driving families to cut coverage that is vital protection for them to carry. Making small sacrifices in coverage can lead to a big gap in protection that could cause financial difficulty in the future for your family. There are companies in the industry that will quote your policy "apples to apples" comparisons for you and end up costing you even less than you may be paying right now. There is no need to sacrifice coverage or quality in this economy. Just be a smart shopper!
Get several quotes on your home and auto insurance and make sure that you are not paying too much. 83% of families stay with their carriers for 5+ years at a time. While others are reaping the benefits of checking on the insurance pricing year after year. Just like a business your families bottom line must be maintained.
If your agent is not doing their do diligence and pricing your policy on review every year then what service is that agent really offering you? I know that some of the families I insure have had to look at the policies and decide what is really important to them while I work to make sure they are not sacrificing any vital coverage. Hand in hand with my insureds making insurance affordable can be accomplished.
Partner with one of our agents today to review your insurance needs, costs, and where they need to be for you during this difficult time in our economy. Rest assured that when your policy does renew if it is with us it is being reviewed, we will reach out and work with your growing and changing family needs.
That is what service is all about and that is why we do what we do! Be there for our families when times aren't so easy..
Heather
Monday, May 24, 2010
Tuesday, May 18, 2010
Life Insurance - Why it matters so much to my clients!
This is such a touchy subject with most families. The big "Life Insurance" question. When considering life insurance consider this, it is the most important insurance protection you carry. We are expected to carry auto insurance by the state of Indiana, or by our lien holder. We are expected to carry homeowners insurance by our mortgagee. I often wonder if no one is really carrying the appropriate amount of life insurance just because no one is expecting us to do it or forcing us to do it?
Yes Yes I get that this is never the best conversation to have, yes I get that it makes us "feel" funny, but it is a fundamental must for our families and those we could leave behind unexpectedly. It is unacceptable that we do not see this as the FIRST insurance product we purchase.
I get this all the time..." I carry life insurance with my employer." Okay, well just how much do you carry? Most employers offer minimal coverage that would allow for burial. There are options to buy more but often times the employee does not.
I lost one of my dearest friends who was an attorney in the prime of her career / life to a stroke five years ago. I ended up being the executor of her estate to assist her parents who lived out of state. This young lady and attorney to boot, had no will, no estate planning, and $25,000 in life insurance through her employer. She also had a mortgage, a car loan, credit card debt, school debt, and much more. Now in this situation there were no children, no spouses, leaving her parents and I to finish up what was left.
That situation is not typical for most of us. Most families today have children, which adds for future care and education expenses. We have larger mortgages, spouses, double debt that can cripple a family if one of the wage earners is lost.
Before you buy any insurance product you are looking for the right protection correct? Well, in this instance the right protection is the most important product you will ever purchase. It is the power to leave your family, your financial situation in a place of safety. These are some categories to consider when speaking with your agent.
Cost of final expenses
educational costs per child
salary loss
credit card debt
mortgage and car loan debt
other total debts
Are you a business owner? If you are then you may have some special life insurance needs for consideration of your business continuation planning. How to make it easier in the event your family does suffer a loss is no less important than insuring your home or car, in fact it is so much more so important. "Life Value" this is a term many insurance agents know well and I think it is time most families just sit and ponder the same thought what is my life value if I am gone tomorrow?
Too many stories can be told about people who did not prepare, did not have enough, or just thought they were too young to need it. There is a LIFE product out there for every stage of your life. There is affordability, there is long term needs, there is a flexible way to carry life insurance. Have the product discussion with your agent after reviewing your family needs. Some life insurance can be coupled with or acts like a retirement vehicle as well. So many options to chose from. Actually, much more options to chose from with life insurance vs. home or auto. Tailor make this product to fit your life. It is the most important protection you will ever purchase and the #1 product you should have already.
If you would like to discuss your life insurance needs and options available let us know. Consider this is is protecting your family, not a car, not a house, the children and spouse you love.
Heather Swank
Owner / Brookson Insurance LLC
www.brooksoninsurance.com
Yes Yes I get that this is never the best conversation to have, yes I get that it makes us "feel" funny, but it is a fundamental must for our families and those we could leave behind unexpectedly. It is unacceptable that we do not see this as the FIRST insurance product we purchase.
I get this all the time..." I carry life insurance with my employer." Okay, well just how much do you carry? Most employers offer minimal coverage that would allow for burial. There are options to buy more but often times the employee does not.
I lost one of my dearest friends who was an attorney in the prime of her career / life to a stroke five years ago. I ended up being the executor of her estate to assist her parents who lived out of state. This young lady and attorney to boot, had no will, no estate planning, and $25,000 in life insurance through her employer. She also had a mortgage, a car loan, credit card debt, school debt, and much more. Now in this situation there were no children, no spouses, leaving her parents and I to finish up what was left.
That situation is not typical for most of us. Most families today have children, which adds for future care and education expenses. We have larger mortgages, spouses, double debt that can cripple a family if one of the wage earners is lost.
Before you buy any insurance product you are looking for the right protection correct? Well, in this instance the right protection is the most important product you will ever purchase. It is the power to leave your family, your financial situation in a place of safety. These are some categories to consider when speaking with your agent.
Cost of final expenses
educational costs per child
salary loss
credit card debt
mortgage and car loan debt
other total debts
Are you a business owner? If you are then you may have some special life insurance needs for consideration of your business continuation planning. How to make it easier in the event your family does suffer a loss is no less important than insuring your home or car, in fact it is so much more so important. "Life Value" this is a term many insurance agents know well and I think it is time most families just sit and ponder the same thought what is my life value if I am gone tomorrow?
Too many stories can be told about people who did not prepare, did not have enough, or just thought they were too young to need it. There is a LIFE product out there for every stage of your life. There is affordability, there is long term needs, there is a flexible way to carry life insurance. Have the product discussion with your agent after reviewing your family needs. Some life insurance can be coupled with or acts like a retirement vehicle as well. So many options to chose from. Actually, much more options to chose from with life insurance vs. home or auto. Tailor make this product to fit your life. It is the most important protection you will ever purchase and the #1 product you should have already.
If you would like to discuss your life insurance needs and options available let us know. Consider this is is protecting your family, not a car, not a house, the children and spouse you love.
Heather Swank
Owner / Brookson Insurance LLC
www.brooksoninsurance.com
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