Unstable Economic Conditions
Concerned about economic conditions and your current expenses?
Being short on cash doesn’t mean you should end your life insurance policy
Everywhere you turn, news headlines flash warnings of a “recessed” economy, record foreclosures, increased bankruptcy, credit card debt, stock market woes, and rising gas prices. Many individuals are worried of their financial security as a result of this unfortunate financial climate. However, there are some things you can do to make your life “recession proof.” By eliminating what’s considered “unnecessary expenses” such as those things you aren’t using on a daily basis or those things you could live without can ease the stress of your wallet.
Examples could include health club memberships, eating out instead of at home, purchasing coffee or pastry from upscale Shoppe’s, dry cleaning services, beauty/grooming appointments, etc.
But considering ending your life insurance coverage could harm you in the long run, because life insurance is a viable and solid part of an individual’s financial portfolio especially during slower economic times.
Perhaps you should remember why you got the Life Insurance in the first place?
So that your loved ones would not have to deal with financial challenges similar to the ones many are experiencing now during our current economic conditions.
THE GOOD NEWS IS:
There are alternatives to keeping your family free from financial stress: One option is rather than letting your current policy lapse, shop around for a new policy with a lower premium.
Did you know?
As other expenses have gone up, term life insurance rates have dropped over 50 percent since 2000. Current owners of older term or even permanent life insurance policies may be pleasantly surprised to discover today’s lower premiums. These policy owners can often take out a new policy with the same amount of coverage for a lower premium than they are paying, despite being a few years older today.
Give Mr. Insurance a call at 847-774-8055 or email us at info@mrinsurancefinancialservices.com regarding your insurance options.
You may even save enough to have money to spend towards other rising costs.
“We want to help you make the best decisions during these times for your family’s financial security!”
Mr. Insurance is “The People’s Agent”
www.mrinsurancefinancialservices.com
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