Posted by OnCOVID-19 outbreakAnd under the influence of the #BLM movement, more and more American families have begun to look around and evaluate the real social environment in which we live, and are particularly concerned about the health of family finances.The theme of the annual "Life Insurance Care Month" this year is:Look around reality(Reality Check).
Talking about "money" with your partner is important
According to a recent survey by LifeHappens,New Crown Pneumonia Outbreak in the U.S.During the period, 66% of Americans had a better understanding of the value of life insurance, and another 25% applied for life insurance for the first time.In addition,Nearly half (49%) of the people who participated in the survey agreed that it is important to openly discuss future financial conditions with their partners and family members.
Returning to reality, for every family, a sound financial situation is the material basis for good business operations.American Life Insurance Guide©️In the #LIAM9 activity month in September this year, the topic shared in the community was: "Life insurance can be used to pay for what expenses."
What kind of expenses can life insurance be used to cover?
To help understand this problem, we first divide the expenses that each person or family may face in life into the following three categories.
In most people's minds, Type 1 and Type 2 expenses are usually expenses that people use life insurance to pay.
1. Expenses that must be paid at the moment
-Tax
-The cost of processing the estate
-Credit card debt
-car loan
-Mortgage or rent
-Deductible or expenses beyond medical insurance coverage
-Funeral expenses
2. Continuous daily expenses
-food
-housing
-Bills for utilities, electricity and gas network, etc.
-The cost of transportation
-Health and medical insurance expenses
-Cost of maintaining family expenses
-Business expenses
Most consumers purchase life insurance to ensure that our loved ones can continue to maintain the current quality of life.
In addition to the above two types of expenses, life insurance is also used to cover the following common future expenses, which include:
3. Future expenses
-Higher Education Tuition
-Funds needed for the retirement of spouse or lover
-Wealth Succession Plan
-Special charitable donation projects, such as Memorial Fund
As we have seen, life insurance can be used and planned in various forms to allow you and your loved ones to maintain a stable financial foundation.
Act now?
For consumers who want to take action, the American Life Insurance Guide provides free "Life insurance coverage calculator"Click to visit) To help readers evaluate the amount of protection needed.
At the same time, we provide free "Life Insurance Price Comparison Tool"Click to visit), to help those who wish to apply for consumerTerm life insuranceReaders, used to analyze and compare the prices of different insurance brands.
For those who want to know about lifetime cash value life insurance, consider using this type of insurance policy for wealth planning.Retirement planningReaders, can visit the "U.S. Life Insurance Guide"Special topic, learn about different products andFinancial planning, For the next professionalLife insurance brokerDiscuss in-depth family finances with financial planners and get ready.
If you need to know more about life insurance, please visit insurGuru©️Insurance Academypage. (Finish)
(>>>Recommended reading:2019 American Life Insurance Care Month Review : Popularize with the public"Benefits before death"Education）
The American Life Insurance Guide community is #LIAM's supporter of the year
(>>>Recommended reading:2018 American Life Insurance Care Month Review : Popularize with the public"Benefits before death"Education）
(>>>Recommended reading:2019 Caring Month Review: The post-80s are the most pragmatic, and the post-70s are the most worried )
(>>>Recommended reading:Caring Month 2020 Review: Looking Around Reality ）
(>>>Recommended reading:2021 Care Month Review: Post-80s and post-90s become the main force in insurance ）
