Life Insurance Safety Net in Hard Times
Published : 2011-06-16
Author : IntelliQuote
Synopsis* : The struggling economy has created significant challenges for families and impacted the need for life insurance.
Main DigestTroubled Economic Times Call for Life Insurance Safety Net.
Unemployment Hovers at Nine Percent.
Housing Prices Fall Back to Levels Seen in Early 2003.
As headlines across the nation highlight challenging economic times, millions of Americans struggle to determine how to manage their current financial situation and make appropriate plans for whatever might happen in the future.
According to LIMRA, a worldwide research, consulting and professional development organization, our struggling economy has created significant challenges for families and impacted the need for life insurance. A recent study published by the organization found that one in four U.S. households rely only on group life insurance to provide financial protection if a wage-earner dies. If they become unemployed or their work hours are reduced, these households may lose their only life insurance coverage.
"In a troubled economy, setting financial priorities is critical to protecting your families' livelihood," said life insurance authority Gary Lardy, CEO of IntelliQuote (www.intelliquote.com), a leading online life insurance agency. "Investing in life insurance helps guarantee that there will always be the safety net to protect your family's future if the unforeseeable should happen. Formulating a financial plan that weathers the economy and circumstances beyond our control will help supply you with the peace of mind to get through any economic downturn."
Taking steps needed to safeguard your finances requires an understanding of what coverage is currently provided by your employer and making certain you've considered alternatives should you no longer be working. Employers may offer their employees group life insurance coverage, with the option to purchase additional coverage with the premium deducted from the individual's paycheck. Yet unfortunately, this life insurance may not follow you when you are required to leave or change jobs. In these uncertain times, it is critical to secure life insurance coverage outside of the coverage provided by an employer.
Positive steps can be taken to protect your future. Term life insurance provides one of the best financial service values available, protecting your family for only a small investment every day. This type of insurance delivers a low cost way to get maximum insurance protection for a set period at a fixed cost. Utilize IntelliQuote's special term life insurance calculator today to estimate how much term life insurance you should consider for your family: www.intelliquote.com.
ABOUT INTELLIQUOTE -A leading online life insurance agency since 1997, IntelliQuote provides customers simplified, private access to compare, shop and buy life insurance online, including term life insurance quotes. IntelliQuote offers clients a wide selection of competitive products from A-rated carriers, supported by licensed agents. This simplified approach makes purchasing a policy easy and straightforward while providing a savings of up to 70% per policy. IntelliQuote is a member of the LIFE Foundation and is committed to ongoing consumer education. For information on how to estimate how much coverage an individual might need, visit www.intelliquote.com
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Journal: Disabled World. Language: English (U.S.). Author: IntelliQuote. Electronic Publication Date: 2011-06-16. Title: Life Insurance Safety Net in Hard Times, Source: <a href=https://www.disabled-world.com/disability/insurance/life/hard-times.php>Life Insurance Safety Net in Hard Times</a>. Retrieved 2021-04-16, from https://www.disabled-world.com/disability/insurance/life/hard-times.php - Reference: DW#474-7991.