July 19, 2011 Find more information about this important policy's advantages. September is National Life Insurance Awareness Month, and since 44 percent of American adults are choosing to go with life insurance, based on the 2010 LIMRA Trends in Life Insurance study, it may be time for you to contemplate why life insurance is such an important policy to have.

In many cases its a critical tool to assist you provide to your loved ones. For example, if youre the sole breadwinner in your loved ones, a life insurance plan ensures that, if anything occurs to you, your family has the funds and time to recoup their footing. Thats particularly true if you have a hobby that puts you at greater risk for an accident or work in a project.

If something happens to you or your spouse A life insurance policy prevents a drop in income. Below are some other benefits: Liquidity of this death benefit Easy distribution among heirs Predictable value Stability Tax benefits When to purchase life insurance once it comes to purchasing a life insurance plan, the younger you are, the better.

Another factor that is taken into consideration is wellbeing. Purchasing life insurance prior to any health conditions that are severe growing means lower premiums as well. Overall, it is not as costly to purchase life insurance while youre in good health, when you've got a family of your own to look after instead of years from now.

You may wish to think about these factors you require life insurance policy to start. How to choose a life insurance product. How much life insurance policy you want. What it will cost. Many individuals mistakenly believe life insurance is a part of the financial plan, but it provides mortgage protection, income replacement expenses and college funding options.

Examine the background of the firm on the Broker Check of FINRA. Investment Advisory Services are offered by financial Advisor via Eide Bailly Advisors LLC, a Registered Investment Advisor. Securities offered through United Planners Financial Services, Member of SIPC and FINRA. Eide Bailly Financial Services, LLC is the holding company for Eide Bailly Advisors, LLC.

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Baxter Insurance Agency

450 N Sam Houston Pkwy E #103

Houston, TX 77060

281-445-1381

First Financial Security is currently joining forces with other associations, including the Life Happens that is non-profit, to help shut this life insurance coverage difference. Industry leader, LIMRA, found in its 2016 Trends in Life Insurance Ownership analysis that 48% of households (60 million) have an average life insurance policy coverage gap of $200,000, which amounts to more than $12 trillion in total market demand.

Over 7 in 10 American families say a reason they haven't purchased life insurance is because they have other financial priorities . Nearly two thirds say they can't afford it. There is confusion surrounding life insurance, and several people dont understand where to turn. First Financial Security how much it costs, theyll be to make wise decisions, and considers that by educating individuals about the types of insurance, what it might do.

Congress has proclaimed September National Life Insurance Awareness Month, and states are currently creating proclamations that are similar. More than 100 insurance companies and industry trade groups are expected to participate in the National Life Insurance Awareness Month campaign. Far too many lack adequate coverage, while many Americans realize it is crucial to protect loved ones with life insurance.

This is a superb time to find out about life insurance can help you and your family. Protecting Your Loved Ones How much life insurance do you want Your life insurance needs will depend on the nature of your financial obligations a number of factors, including the size of your loved ones, your career period, along with your goals.

However, your family grows as well as as you take on more duties, your need for life insurance increases. Below are a few questions that can help you get started thinking about the amount of life insurance you need:What instant financial expenses (e.g., debt repaymentplan, funeral expenses) will your family face upon your departure How much your wages is devoted to present expenses and future needs How long would your dependents need support in case you were to die tomorrow How much cash do you wish to depart for special situations upon your passing, like financing your childrens education, gifts to charities, or an inheritance to your children What other resources or insurance coverages do you have Types of life insurance policies The two basic types of life insurance are term life and permanent (cash value) lifespan