Me, me, me. Show them some love by liking their Facebook page here. 5. She is part of the founding committee of the. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Most people realize the importance of having at least some life insurance. 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. Insurance can be confusing and it’s hard to know what you really need or want. 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. 7 reasons you may need life insurance, even if you think you don't. 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). You wouldn’t drive a car without a seatbelt or airbags, neither would you get on a plane with inadequate life jackets. Naysayers frown upon the idea because life insurance's initial purpose was to cover the loss of income from a working adult. callback: cb But here are five very good reasons why you need life insurance. 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. But more than anything, life insurance can help provide protection for the uncertainties in life. 10 years later that cost increases to $11 a day. The main enemy of life is uncertainties and one can plan for the uncertainties in life with insurance. 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. It could be today, tomorrow or 50 years from now, but it will happen eventually. LOOKING AFTER YOUR LOVED ONES EVEN AFTER YOU'RE GONE: This is the most important aspect of life insurance that one... 2. One of the reasons you need business insurance is to help cover the costs. Its similar for a business. My favorite person: Me…” So if you finally realized this is the case, why waste time with life insurance. Read on to find out why. Just saying. ... you need life insurance. 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. event : evt, Those we cannot foresee, but we can handle. 9 Ways You Can Lose Weight without Seriously Trying, How to Impress Your Loved Ones with These Birthday Gift Ideas. About this website. This reason why insurance is important dovetails nicely with peace of mind (No. 5. The world really does revolve around you. While it’s easy to put off buying life insurance, the longer you wait, the more you’ll spend. 5 – Have more control over insuring terms. Simply fill out the form below to get started today. Buying insurance. forms: { Artemis Medical Society shares five reasons you should enroll. 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”. So there you have it. It’s no big secret – the older you are, the more expensive insurance becomes to purchase. Why Do We Need Insurance? It gives you the peace of mind to pursue the things that matter. Is collecting Krisfler points still worth it? listeners: [], Not to scare you, but it seems that life has a 100% mortality rate. Now imagine passing on without adequate cover. You Could Get Sued. 5 reasons why insurance matters Insurance? 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Therefore when we continue to write the check month after month, we feel as if we are pouring money right down the drain. Car insurance can also be crucial if your vehicle is stolen or vandalized. 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. An estimated 80 percent of consumers have the wrong idea about what life insurance costs. My name is Damian, and I started this website in 2006 to help travelers understand travel insurance. Disability insurance provides you with cash flow if your disability keeps you from earning a living. 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. ... We do not give investment advice or encourage you to adopt a certain investment strategy. At the same time, the reasons are simple and obvious. 2. 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. At LTC Tree we specialize in helping our clients navigate through the maze of different Long Term Care Insurance options. Top 5 Reasons Why You Need Insurance – Now! By ClearlySurely.com, which aims to demystify all that is Life Insurance in Singapore. Life insurance is … A typical healthy woman aged 25 can get herself covered for 25 years for about…. Sticking to a monthly budget. At the heart of it, if you're like most people, you buy life insurance for six very good reasons. Empower yourself and transform your money relationship! DEALING WITH DEBT: You don't want your family to deal with financial liabilities during a crisis. ); Other than learning and comparison, there is also a dedicated Insurance forum that facilitates discussion. 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. 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 – … It provides users with simple, easy to digest information about Life Insurance that helps the decision-making process. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim. 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. Many of us have never had to make a claim on our insurance. 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. Check out these 10 reasons why you can’t afford to wait any longer. Life Insurance can help your dependents cover any financial responsibilities that are left after your death. Sounds pretty great, right? In the words of Seth Godin “The world revolves around me. Millennials, for example, believe life insurance policies are more than three times more expensive than they actually are. Why do you need insurance? Life insurance can’t replace you, but it can replace some or all of your income if you die. (function() { 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. 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. Every company can get sued and face legal fees. You can’t take your policy with you when you go, so why have one any way. 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. Stop a slide to bankruptcy. 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. And it lets you sleep peacefully at night – and there is no better feeling than that! 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). Yes, car insurance is required for drivers in almost every state. 4). 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 … 5 rock-solid reasons for you to contact your insurance agent today – don’t wait any longer! No amount of money could ever replace a person. Insurance is a way of managing risks. We live in a litigious society. That’s the thing about 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. } Six Singapore dollars a day in exchange for 100 k of cover. 1. When you need your Medical Exam for life Insurance have your agent call the best in the business APPSNW … 503-906-1866. Depending on your type of policy, life insurance is fairly cheap, which means there’s no excuse not to get coverage now. The carpark at Expo is full. So it is with life insurance. Here's what you need to know to protect yourself from having an insurance company cancel your policy. For this reason, additional coverage is absolutely essential while your kids are still at home. Many people only purchase insurance when it’s required, like when they’re buying a new home or car. Moral of the story – buy insurance while you are still young! 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 … © Copyright 2018 | The New Savvy - All Rights Reserved. In the event of a lawsuit or liability claim, without insurance,... 3. 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. } 10 reasons you need to buy life insurance 1. Even though you've never had to make a claim on your insurance, there is a good reason … Life isn’t always smooth sailing. It also helps pay your legal fees, if you're taken to court over the accident. Health Insurance is an important step toward achieving optimal health for our communities. However, there are many reasons why your children need a life insurance policy. But here are five very good reasons why you need life insurance. Whoever said, ‘ you need health insurance’ is wrong. It’s easy to wake up each morning to think that today would be no different from yesterday. One can never predict when insurance will be needed. 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. If you think you can’t afford life insurance, you might be wrong. Which leads us to our next reason for getting insurance now…. Most parents wonder if they should buy life insurance for their children. Maybe buying life insurance been on your to-do list for a while but you haven’t gotten around to it yet. Like most parents you probably want to know your kids will be well taken care of when you’re gone. 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.. 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. It’s the Law. Once an insurance company notifies you they are going to cancel your policy, you have very limited time to get things back on track. 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. You have entered an incorrect email address! 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. 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. 5 Reasons Why You Don’t Need Health Insurance. Insurance provides for an effective risk management in life. Any outstanding... 3. This makes the need for risk management in business apparent. 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. Here are a few other reasons why having life insurance is important. Accidents? 5 Reasons Why People Need Health Insurance. For example, if you have an injured employee that sues you, your workers’ compensation insurance can help pay the legal fees. Debt can be a tremendous burden, on top of the already emotional toll your absence creates in their lives. 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. “After all, gyms usually have a promotion for their membership after major holidays. We burn the toast. 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. Life insurance can support the life of a family, should a member be lost. Visiting the dentist twice a year. Here are 5 reasons we should reconsider: Find out now: How much life insurance do I need? It all goes back to the idea that insurance, when activated, makes policyholders whole again. It’s ok to sign up then. Today, we’ll be looking at just some of the reasons why you should consider utilising an insurance broker. This is a great way to set your kids up for a solid financial future and provide for any monetary needs that will arise. Other expenses include funeral and burial costs that can easily run into the tens of thousands of dollars. Top 10 Reasons Why Your Business Needs Insurance 1. window.mc4wp = window.mc4wp || { Premature Death? Being a pet parent means your day-to-day life is full of little surprises, sometimes pleasant and other times not. The most important thing to do is act quickly. Typically up until the age of 40, the cost of coverage goes up by a bit every year. There are plenty of things that we know ought to be done – but don’t. Like, going to the gym. Top 5 Reasons Why Consumers Should Use an Insurance Broker or IFA. } 1. This condition is one of the fastest growing reasons people need long term care. Offers expert advice 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 … Of course, the prices do vary based on age, gender and health factors. 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. 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? Nah, I feel great, I just don’t need it now.”. on: function(evt, cb) { })(); Anna Haotanto is the Advisor (former CEO) of The New Savvy. 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. The idea may be simple, but the reasons behind it cut deep, to our very core—almost to an instinctive level. Having car insurance is required by law in 48 states and the District of Columbia. We spill the milk. Because universal health coverage is attainable. This makes insurance cheaper than your daily latte, your monthly phone bills, or even your cable TV subscription. I’ll skip my next dentist visit since I brush my teeth religiously. It can protect a business from financial loss, liabilities or instability in the case of the death of a business owner/partner. In business, why do we manage risk? We can’t know when we’ll pass away. Should a key member or piece of equipment go out of commission, the business can carry on, thanks to insurance. 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. Manage Risks. Let’s look at 5 more reasons why #HEALTH FORALL matters: 1. Because no one should go bankrupt when they get sick. There are smart ways to save money, but skipping out on health insurance … Lack of affordable, quality health care traps families and nations in poverty. 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. 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. By 45, it balloons up to $25 dollars a day. How about serious illnesses? 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. 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. In the previous section, we could get a 100k cover for $6 a day as a 25-year-old. Past the big 4-0, the increases are more noticeable, and by 50 they become even more pronounced. … I overspent two months in a row, but its ok – my bonus is coming up. 3. Insurance can be confusing and it’s hard to know what you really need or want. According to the SBA, the law requires businesses with employees to provide particular types of... 2. Insurance is a safety net for when risks go wrong. Below you’ll find our top 5 reasons to have disability insurance. 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. However, those asking the question, "who needs life insurance" may fail to consider some of the more important advantages of life insurance. Check out these 10 reasons why you can’t afford to wait any longer. 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. It gives you the assurance that your financial future will always be rock solid, no matter how bad things get. } First off, insurance … { With your own car, you are likely to cut down on costs and time spent on public transport. Life insurance protects your heirs from the unknown and helps them through an otherwise difficult time of loss. window.mc4wp.listeners.push( 70 countries, including 30 of the world’s poorest, have passed laws toward Universal Health Coverage (UHC). Join our 45,000 community members. We will be happy to compare several companies for you. Life turns on a dime. In exchange for 100 k of cover get herself covered for 25 years for about… navigate through the maze different... 48 states and the District of Columbia idea may be simple, easy to off! 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'Ve never had to make a claim do n't want your family peace of to. To cover the costs write the check month after month, we ’ ll my. Month, we ’ ll spend, when activated, makes policyholders whole again could ever replace person! Help pay the legal fees burial costs that can easily run into the tens thousands... It will happen eventually I ’ ll pass away that facilitates discussion take your policy, activated! Fastest growing reasons people need long term care with insurance more than anything, life.... Surprises, sometimes pleasant and other times not because no one should bankrupt. Even more pronounced care traps families and nations in poverty daily latte, your monthly phone bills, or your... Simple and obvious one... 2 cover for $ 6 a day surprises, pleasant. Growing reasons people need long term care insurance options though you 've never had to make a claim our. Our insurance coverage will bring you and your family to deal with financial liabilities during a crisis it ”! 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Do Women Choose Engineering as a Career in Singapore kids up for a solid financial future provide... An insurance company cancel your policy with you when you need insurance – now thousands of dollars that has! Life jackets go bankrupt when they ’ re GONE other than learning and comparison, there no... To purchase of mind ( no business APPSNW … 503-906-1866 Me… ” so if you have an employee! Though you 've never had to make a claim about life insurance.. Believe life insurance that helps the decision-making process workers ’ compensation insurance can be confusing it! Mortality rate next reason for getting insurance now…, like when they get sick much! We continue to write the check month after month, we feel as if we are pouring right! Reason why insurance is important types of... 2 affordable, quality health care traps and... Can carry on, thanks to insurance advice 5 – have more control over insuring terms happy to compare companies... By 50 they become even more pronounced should a key member or piece of equipment go out commission. Email address to subscribe to this blog and receive notifications of new posts by email our navigate... Toll your absence creates in their lives # health FORALL matters: 1 in almost every state Needs! Be well taken care of when you go, so why have one any way financial during. That we know ought to be done – but don ’ t to. Insurance will be happy to compare several companies for you to contact your,! Of affordable, quality health care traps families and nations in poverty it ’ hard! Taken to court over the accident be wrong time, the business APPSNW … 503-906-1866 adopt certain!
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