(Reason #9 is important – even if you already have a policy!)
Like an umbrella, life insurance is one of those things everyone should have for the inevitable rainy day. But far too many people delay getting coverage. Maybe the reason is because they think it’s something they’ll get around to and put off purchasing a policy. Or they’ve been turned down elsewhere and don’t think they’ll be accepted for coverage. Maybe they’re concerned that rates will go up over time or they’ll be dropped.
Here are AMBA’s 9 reasons why the perfect time to enroll in Life Insurance through your association and AMBA might be RIGHT NOW.
1. PEACE OF MIND
We all need to consider what happens to our loved ones if something unexpected happens to us. This is even more imperative if they rely solely on your income. Life insurance can support your loved ones so they won’t be helpless when the bills come around.
Having life insurance means you and your loved ones can prepare for any eventuality. A policy will comfort you and your loved ones by providing protection should something happen to you.
2. AFFORDABLE COVERAGE
Many people put off purchasing life insurance because they assume it will be too expensive. The Whole Life policy from your association and AMBA is much less costly than you might think, especially when considering how much help life insurance can be to your family and loved ones.
3. YOU’RE PRE-QUALIFIED
If you’re between 45 and 85, the Whole Life policy from AMBA and your association guarantees acceptance.
4. YOUR PREMIUM WILL ALWAYS STAY THE SAME
No matter how many candles you add to your birthday cake, not a single dime will add to your premiums. Your rates are locked in!
5. YOU CAN’T BE DROPPED FOR ANY REASON
So long as your premiums are paid, you’re covered. Guaranteed.
6. BURIAL EXPENSES
According to a 2021 study by the National Funeral Directors Association, final expenses associated with a funeral and burial can be up to $9,000. Extra expenses like flowers, obituary notices, acknowledgment cards, and transportation can add thousands of dollars. A Whole Life policy can help cover these costs.
7. ESTATE TAXES
When someone passes away, their heirs often face estate and taxes on their inherited assets. If you worry about your loved ones getting hit with a big tax bill, a life insurance policy can help cover these costs.
8. HELP COVER UNSETTLED DEBTS
Your outstanding debts, whether a mortgage, car loan, or credit card, may become your spouse’s responsibility. Creditors could try to collect from your estate. Life insurance can help your loved ones handle any lingering financial responsibilities.
9. TO SUPPLEMENT AN EXISTING POLICY
You may already have a policy. However, if you already have a policy, it’s important to double-check and see if it has kept up with inflation. If it hasn’t, a supplemental policy could be a smart safety net for your loved ones.
AMBA and your association make obtaining a Whole Life policy easy. There are many more reasons to sign up today, including a no-obligation 60-day return policy, access to purchase your policy online, and more.
Learn more about a Whole Life Policy through your association and AMBA at http://www.AMBAlifeinsurance.com or call 877-290-3173.