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

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