{"id":161,"date":"2020-03-28T23:05:23","date_gmt":"2020-03-28T23:05:23","guid":{"rendered":"http:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/?p=161"},"modified":"2020-03-28T23:10:22","modified_gmt":"2020-03-28T23:10:22","slug":"getting-the-life-insurance-coverage-you-need-today","status":"publish","type":"post","link":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/getting-the-life-insurance-coverage-you-need-today\/","title":{"rendered":"Getting the life insurance coverage you need \u2026 today"},"content":{"rendered":"

Getting the life insurance coverage you need \u2026 today<\/strong><\/h1>\n

As you age, it gets more expensive to buy life insurance. Moreover, certain health conditions can make premiums increase \u2013 or worse, make it difficult to qualify for life insurance coverage at all. For the same price of a weekly specialty coffee drink, you\u2019d be surprised at how much term coverage you can easily afford.<\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

Think life insurance is too expensive? Think again. There\u2019s a misconception about the cost of life insurance. People think it\u2019s expensive. But, let\u2019s look at the costs of a daily cup of coffee versus that of a $250,000 term life insurance policy for a healthy 30-year-old.<\/p>\n

Click here to learn more\u00a0<\/strong><\/a><\/p>\n

 <\/p>\n

    \n
  1. Marriage<\/strong><\/li>\n<\/ol>\n

    When you get married, financial obligations become a joint effort. If one of you dies, a life insurance policy can help ensure the surviving spouse has the financial stability to maintain his\/her current standard of living. Additionally, as the cash value in a permanent* policy grows, more assets become available to pay down a mortgage, eliminate business debt or settle outstanding tax obligations. Death benefits paid to the surviving spouse can also help fund a child\u2019s education or supplement retirement.<\/p>\n

      \n
    1. Having a Child<\/strong><\/li>\n<\/ol>\n

      When your children are young, having sufficient life insurance for each parent is critical. If you or your spouse were to suddenly die, life insurance limits need to be able to pay for daycare, help\u00a0fund a college education<\/a>\u00a0and cover everyday living expenses.<\/p>\n

        \n
      1. Mortgage Protection<\/strong><\/li>\n<\/ol>\n

        Life insurance is often purchased in amounts sufficient to cover the loan amount of a mortgage so that if you die, your beneficiaries will have enough money to pay off the balance. However, if you\u2019ve moved into a more expensive home or have remortgaged, the amount you owe the bank may actually increase. Additionally, you may have selected to extend your mortgage term at some point to reduce your monthly payments. So if you have a\u00a0term life insurance policy\u00a0with a 20-year limit (as opposed to a permanent policy), and you\u2019ve now extended your mortgage another 10 years, your life policy could end before your home is paid off.<\/p>\n

          \n
        1. Protect Your Business<\/strong><\/li>\n<\/ol>\n

          If you\u2019re self-employed, chances are the investments you\u2019ve made in your business have been substantial. If the value of your business has recently changed (the purchase of a new building, inventory or equipment), be sure your life insurance limits are set high enough to cover business debts that your family could be held responsible for when you die. Don\u2019t risk them having to liquidate assets to cover outstanding debt.<\/p>\n

            \n
          1. Living Single<\/strong><\/li>\n<\/ol>\n

            In the event of divorce, timely decisions should be made regarding the beneficiaries on your life policy. If you and your spouse don\u2019t have children, then it could be as simple as having the beneficiary on your policy changed. However, if you do have children, you\u2019ll want to consider steps that ensure the children are provided for when you die and this may not be through your former spouse. If you own the policy, then you may only need to request to have the beneficiary changed. If your former spouse owns the policy, then you may need to purchase a new policy naming your child or children as beneficiaries.<\/p>\n

              \n
            1. Retirement Planning<\/strong><\/li>\n<\/ol>\n

              The cash accumulation benefits of a\u00a0permanent life insurance policy\u00a0can complement a secure retirement. When making a withdrawal, you don\u2019t have to sell the asset as with stocks, and if you borrow against the cash value, there are typically no capital gains or ordinary income taxes involved. Unlike most investments and financial products, life proceeds are passed on to your beneficiaries tax-free.\u00a0Remember, loans against the policy accrue interest and decrease both the death benefit and cash value by the amount of the outstanding loan and interest.<\/p>\n

               <\/p>\n

               <\/p>\n

              IF YOU DON\u2019T OWN A POLICY<\/strong><\/span>,\u00a0EMAIL or CALL ME SO WE CAN DISCUSS HOW YOU CAN STILL GET IN AT THE BEST TIME POSSIBLE.<\/p>\n

              IF YOU OWN A POLICY<\/strong><\/span>, we can determine if\u00a0there are better options out there\u00a0for you!<\/p>\n

              NO MATTER WHAT YOUR SITUATION IS<\/span><\/strong>, the best gift you can do is to PASS THIS ALONG TO THE PEOPLE YOU CARE ABOUT WHO HAVE NO PROTECTION TO INFORM THEM ABOUT POTENTIALLY GETTING COVERAGE and take ADVANTAGE OF YOUR HEALTH SAVINGS NOW, TOMORROW IT COULD BE TOO LATE!<\/span><\/span><\/p>\n

              For more information, contact me direct from my contact info below.<\/span><\/p>\n

              <\/div>\n

              Vincent De Santis, CLTC<\/strong>
              \nLong Term Care Planning Specialist
              \nNY State Partnership Certified
              \nhttp:\/\/www.ltcsolutionsbyvince.com<\/a>
              \n              http:\/\/www.linkedin.com\/in\/vincedesantis
              \nDeSantis.puravida@gmail.com
              \n<\/a><\/p>\n

              516-652-4944<\/strong><\/p>\n

              \"Vince<\/a><\/p>\n

              \"national-ethics-association\"<\/p>\n

               <\/p>\n

               <\/p>\n

               <\/p>\n","protected":false},"excerpt":{"rendered":"

              Getting the life insurance coverage you need \u2026 today As you age, it gets more expensive to buy life insurance. Moreover, certain health conditions can make premiums increase \u2013 or worse, make it difficult to qualify for life insurance coverage at all. For the same price of a weekly specialty coffee drink, you\u2019d be surprised […]<\/p>\n","protected":false},"author":1,"featured_media":164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/posts\/161"}],"collection":[{"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/comments?post=161"}],"version-history":[{"count":4,"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/posts\/161\/revisions"}],"predecessor-version":[{"id":170,"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/posts\/161\/revisions\/170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/media\/164"}],"wp:attachment":[{"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/media?parent=161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/categories?post=161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pvainsurancegroup.com\/agent\/vincent-desantis\/wp-json\/wp\/v2\/tags?post=161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}