Of course, the prices do vary based on age, gender and health factors. So it is with life insurance. One of the reasons you need business insurance is to help cover the costs. Even though you've never had to make a claim on your insurance, there is a good reason … For this reason, additional coverage is absolutely essential while your kids are still at home. Offers expert advice You have entered an incorrect email address! The main enemy of life is uncertainties and one can plan for the uncertainties in life with insurance. Enter your email address to subscribe to this blog and receive notifications of new posts by email. I’ll skip my next dentist visit since I brush my teeth religiously. Knowing that people will procrastinate until the bitter end to do the things that matter most to them, we have put together a list of 5 reasons why you need to get insurance – pronto. I overspent two months in a row, but its ok – my bonus is coming up. 5 rock-solid reasons for you to contact your insurance agent today – don’t wait any longer! Top 5 Reasons Why Consumers Should Use an Insurance Broker or IFA. } Being a pet parent means your day-to-day life is full of little surprises, sometimes pleasant and other times not. If your loved ones depend on your financial support for their livelihood, then life insurance is a must, because it replaces your income when you die. Relying on the buyer’s or seller’s insurance may be a viable option, but you must be satisfied that the insurance has in fact been purchased and that the insuring terms, valuation, and limits provided by each insurer on each shipment are adequate to … Depending on your type of policy, life insurance is fairly cheap, which means there’s no excuse not to get coverage now. Every company can get sued and face legal fees. Maybe buying life insurance been on your to-do list for a while but you haven’t gotten around to it yet. There are smart ways to save money, but skipping out on health insurance … If you think you can’t afford life insurance, you might be wrong. Check out these 10 reasons why you can’t afford to wait any longer. window.mc4wp.listeners.push( You wouldn’t proclaim to be able to foretell the future any more accurately than tomorrow’s weather, yet the best of us delay “that talk” with our insurance agent because it “just isn’t necessary” yet. Now imagine passing on without adequate cover. Other expenses include funeral and burial costs that can easily run into the tens of thousands of dollars. We live in a litigious society. © Copyright 2018 | The New Savvy - All Rights Reserved. She is currently the COO of ABZD Capital and the CMO of Gourmet Food Holdings, an investment firm focusing on opportunities in the global F&B industry. { However, there are many reasons why your children need a life insurance policy. Manage Risks. } Life insurance can support the life of a family, should a member be lost. According to the SBA, the law requires businesses with employees to provide particular types of... 2. That’s the thing about life insurance. 3. Having car insurance is required by law in 48 states and the District of Columbia. While it’s easy to put off buying life insurance, the longer you wait, the more you’ll spend. Knowing that people will procrastinate until the bitter end to do the things that matter most to them, we have put together a list of 5 reasons why you need to get insurance … If you’re one of the roughly 50 million uninsured Americans, you may wonder why individual health insurance is so important – especially if you’re young and healthy.. Other than learning and comparison, there is also a dedicated Insurance forum that facilitates discussion. An estimated 80 percent of consumers have the wrong idea about what life insurance costs. Should a key member or piece of equipment go out of commission, the business can carry on, thanks to insurance. 5 – Have more control over insuring terms. forms: { Premature Death? This condition is one of the fastest growing reasons people need long term care. Most people realize the importance of having at least some life insurance. Its similar for a business. Naysayers frown upon the idea because life insurance's initial purpose was to cover the loss of income from a working adult. It’s ok to sign up then. Past the big 4-0, the increases are more noticeable, and by 50 they become even more pronounced. 5 Reasons Why Car Insurance Is So Important Cars have become a necessary part of most people’s lives, as they are the convenient for moving around. window.mc4wp = window.mc4wp || { It’s the Law. We spill the milk. Knowing that people will procrastinate till the bitter end to do the things that matter most to them, we have put together a list of 5 reasons why you need to get insurance – … Whether providing necessary short-term cash or keeping operations going until things settle, life insurance can be invaluable in maintaining the business you’ve worked so … Insurance provides for an effective risk management in life. The following list of the top ten reasons you need life insurance will help shed some light on why you may need to get covered today. 10 years later that cost increases to $11 a day. 7 reasons you may need life insurance, even if you think you don't. Millennials, for example, believe life insurance policies are more than three times more expensive than they actually are. You will also need to provide enough money to cover the costs of hiring someone to cover the day-to-day household tasks, like cleaning, laundry, cooking, childcare and everything else a growing family needs. That’s because insurance is all about providing a financial safety net that helps you to take care of yourself and those you love when you need it the most. The carpark at Expo is full. My favorite person: Me…” So if you finally realized this is the case, why waste time with life insurance. And it makes absolute sense because there is no reason why a person would be healthier at age 40 or 60 than they were at age 30. Yes, car insurance is required for drivers in almost every state. Simply fill out the form below to get started today. It can cover the cost of final expenses and help pay off debts, as well as day-to-day expenses, like food, clothing, and housing. At the heart of it, if you're like most people, you buy life insurance for six very good reasons. Read on to find out why. Why Do We Need Insurance? This makes the need for risk management in business apparent. It can protect a business from financial loss, liabilities or instability in the case of the death of a business owner/partner. We will be happy to compare several companies for you. DEALING WITH DEBT: You don't want your family to deal with financial liabilities during a crisis. It’s one thing you can be sure of and you’ll no longer have to question whether they’ll be taken care of when you’re gone. That’s one of the reasons why many insurance companies offer a break on insurance if a policyholder regularly parks his or her car off the street and in a covered garage, where the instances of theft and vandalism are much less prevalent. listeners: [], Even if you don’t have any other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries. As we grow older, get married, build families and start businesses, we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. Me, me, me. A typical healthy woman aged 25 can get herself covered for 25 years for about…. Not to scare you, but it seems that life has a 100% mortality rate. In addition to providing income to cover everyday living expenses, your family needs insurance to cover any outstanding debts, like the mortgage, credit cards and car loans. Accidents? However, those asking the question, "who needs life insurance" may fail to consider some of the more important advantages of life insurance. In business, why do we manage risk? The most important thing to do is act quickly. The world really does revolve around you. The idea may be simple, but the reasons behind it cut deep, to our very core—almost to an instinctive level. So there you have it. Life insurance can’t replace you, but it can replace some or all of your income if you die. If you cause an accident, the auto liability coverage required on your car insurance policy helps pay for the other party's medical bills and property damage. Sticking to a monthly budget. Nah, I feel great, I just don’t need it now.”. Once an insurance company notifies you they are going to cancel your policy, you have very limited time to get things back on track. Like most parents you probably want to know your kids will be well taken care of when you’re gone. But here are five very good reasons why you need life insurance. Health Insurance is an important step toward achieving optimal health for our communities. By ClearlySurely.com, which aims to demystify all that is Life Insurance in Singapore. Because no one should go bankrupt when they get sick. It is not a requirement in New Hampshire for drivers to buy car insurance, but drivers there do need to show proof that they can afford to pay the cost of an accident if it’s their fault. 70 countries, including 30 of the world’s poorest, have passed laws toward Universal Health Coverage (UHC). In the event of a lawsuit or liability claim, without insurance,... 3. And it lets you sleep peacefully at night – and there is no better feeling than that! } ... you need life insurance. We can’t know when we’ll pass away. Debt can be a tremendous burden, on top of the already emotional toll your absence creates in their lives. How about serious illnesses? 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Whoever said, ‘ you need health insurance’ is wrong. The site features company reviews, guides, articles, and many blog posts to help you better understand travel insurance and pick the right plan for your trip (assuming you actually need travel insurance). We are experts in rationalising our non-actions, and it’s amazing how well our mind works to demote the “must-dos” into “perhaps someday”. Sounds pretty great, right? At LTC Tree we specialize in helping our clients navigate through the maze of different Long Term Care Insurance options. As we move through life, find a partner, raise a family, and maybe start a business, the importance of insurance in a long term plan increases. Below you’ll find our top 5 reasons to have disability insurance. When you need your Medical Exam for life Insurance have your agent call the best in the business  APPSNW … 503-906-1866. ... We do not give investment advice or encourage you to adopt a certain investment strategy. Why do you need insurance? It provides users with simple, easy to digest information about Life Insurance that helps the decision-making process. You can’t take your policy with you when you go, so why have one any way. But more than anything, life insurance can help provide protection for the uncertainties in life. It could be today, tomorrow or 50 years from now, but it will happen eventually. Any outstanding... 3. Empower yourself and transform your money relationship! You wouldn’t drive a car without a seatbelt or airbags, neither would you get on a plane with inadequate life jackets. 5 Reasons Why People Need Health Insurance. At the same time, the reasons are simple and obvious. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim. LOOKING AFTER YOUR LOVED ONES EVEN AFTER YOU'RE GONE: This is the most important aspect of life insurance that one... 2. Many of us have never had to make a claim on our insurance. Visiting the dentist twice a year. Check out these 10 reasons why you can’t afford to wait any longer. Buying insurance. No one likes to face up to ageing or mortality, but as we advance into adulthood it’s time to face up to reality and accept the responsibility of taking care of those around you – even in death. Life insurance is … It’s easy to wake up each morning to think that today would be no different from yesterday. This is a great way to set your kids up for a solid financial future and provide for any monetary needs that will arise. (function() { These things cost manufacturers millions, if not billions of dollars a year, yet they are non-negotiable – we know that these devices save lives in the case of an emergency (however remote the chance). Let’s look at 5 more reasons why #HEALTH FORALL matters: 1. Insurance can be confusing and it’s hard to know what you really need or want. Disability insurance provides you with cash flow if your disability keeps you from earning a living. It gives you the peace of mind to pursue the things that matter. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. 10 reasons you need to buy life insurance 1. You don’t want your spouse, parents, children or other loved ones to be left with any extra financial burden in addition to the emotional burden they’re already suffering. 5 Reasons Why You Don’t Need Health Insurance. event : evt, This reason why insurance is important dovetails nicely with peace of mind (No. Insurance can be confusing and it’s hard to know what you really need or want. Unless you have a letter of guarantee issued by God (or any religious being of your choice) that excludes you from any serious mishap, it’s a good idea to ensure you are properly covered. Which leads us to our next reason for getting insurance now…. Moral of the story – buy insurance while you are still young! Today, we’ll be looking at just some of the reasons why you should consider utilising an insurance broker. One can never predict when insurance will be needed. Artemis Medical Society shares five reasons you should enroll. Therefore when we continue to write the check month after month, we feel as if we are pouring money right down the drain. You not only want them to get a quality college education, but to provide for other life ventures like getting married or starting a business. Stop a slide to bankruptcy. It’s no big secret – the older you are, the more expensive insurance becomes to purchase. Life isn’t always smooth sailing. As we grow older, get married, build families and start businesses , we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. Apps NW (Exams):503-906-1866 and NPI (Drug Screens/Fingerprints/DNA Testing): 503-906-1830, 8285 SW Nimbus Ave Suite 171, Beaverton, OR 97008, 5 Important Reasons why you need Life Insurance, How to Handle Pre-Employment Drug Testing Where Marijuana is Legal, Why Life Insurance Is More Important Than Ever when your in debt, Important Information For Agents Ordering Exams, NPI ~ Drug Screens/Fingerprints/DNA Testing, Fingerprints & DNA Testing ~ SCHEDULED ONLINE, You don’t want your spouse, parents, children or other loved ones to be left with any extra financial burden. Here are a few other reasons why having life insurance is important. })(); Anna Haotanto is the Advisor (former CEO) of The New Savvy. The simple answer is, risk taking is a part of every business, but it is important that a company knows how to deal with the impact of the negative risks. Insurance? Here's what you need to know to protect yourself from having an insurance company cancel your policy. … As we grow older, get married, build families and start businesses, we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. Insurance is a way of managing risks. on: function(evt, cb) { 1. Life Insurance can help your dependents cover any financial responsibilities that are left after your death. It also helps pay your legal fees, if you're taken to court over the accident. Plus, over the years, you’ll find comfort in knowing money will be available to protect your loved ones in the event of your passing. Life turns on a dime. Can you imagine your ageing parents or family having to pay off your car, loans or mortgage because there wasn’t enough money in your estate to cover these costs? Here are 5 reasons we should reconsider: Find out now: How much life insurance do I need? 5 reasons why insurance matters 5. Many people only purchase insurance when it’s required, like when they’re buying a new home or car. There are plenty of things that we know ought to be done – but don’t. 2. In the previous section, we could get a 100k cover for $6 a day as a 25-year-old. To help clear up some of these misconceptions, we thought it would be worthwhile to look at the top five reasons why you have a place in the insurance industry: 1.High demand sector. 9 Ways You Can Lose Weight without Seriously Trying, How to Impress Your Loved Ones with These Birthday Gift Ideas. “After all, gyms usually have a promotion for their membership after major holidays. She is part of the founding committee of the. This is especially important for parents of young children or adults who would find it difficult to sustain their standard of living if they no longer had access to the income provide by their partner. Is collecting Krisfler points still worth it? Lack of affordable, quality health care traps families and nations in poverty. callback: cb Paying for insurance now – even if it isn’t required by your state or lender – can be an important safety net if the unexpected happens. 5. Show them some love by liking their Facebook page here. Insurance is a safety net for when risks go wrong. Typically up until the age of 40, the cost of coverage goes up by a bit every year. Six Singapore dollars a day in exchange for 100 k of cover. My name is Damian, and I started this website in 2006 to help travelers understand travel insurance. Most parents wonder if they should buy life insurance for their children. You Could Get Sued. This makes insurance cheaper than your daily latte, your monthly phone bills, or even your cable TV subscription. With your own car, you are likely to cut down on costs and time spent on public transport. Because universal health coverage is attainable. 1. Car insurance can also be crucial if your vehicle is stolen or vandalized. First off, insurance … Without a doubt, having life insurance coverage will bring you and your family peace of mind. Why Do Women Choose Engineering As A Career In Singapore. But here are five very good reasons why you need life insurance. It gives you the assurance that your financial future will always be rock solid, no matter how bad things get. For example, if you have an injured employee that sues you, your workers’ compensation insurance can help pay the legal fees. No amount of money could ever replace a person. By 45, it balloons up to $25 dollars a day. } In the words of Seth Godin “The world revolves around me. Top 10 Reasons Why Your Business Needs Insurance 1. We burn the toast. Those we cannot foresee, but we can handle. Join our 45,000 community members. Like, going to the gym. An insurance broker is an insurance industry expert who can provide professional advice and act on your behalf to make the process of finding business insurance a whole lot easier. Just saying. Top 5 Reasons Why You Need Insurance – Now! It all goes back to the idea that insurance, when activated, makes policyholders whole again. In this Pet Health Insurance 101 series we help you better understand what we do at Pets Best, why we do it, and why you need it. About this website. Life insurance protects your heirs from the unknown and helps them through an otherwise difficult time of loss. 4). ); An injured employee that sues you, but its ok – my bonus is coming up purchase insurance when ’! Compensation insurance can also be crucial if your disability keeps you from earning living! Leads us to our very core—almost to an instinctive level grow, and by 50 they even... Up for a solid financial future and provide for any monetary Needs that will arise doubt, having life costs. 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