Why I bought my own life insurance even though I had employer coverage - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

'While we did have some life insurance through our respective employers, they didn't give us the amount we wanted our beneficiaries to have in order to continue living a certain quality of life'

However, when I quit my teaching job to start a career in financial services, my understanding of the importance of having an individual life insurance policy changed. As an adviser, I heard horror stories of people who were in accidents while between jobs or who died with no employer benefits. It was really sad to hear these stories and also consult with the individuals who were suffering because of the death. comes into play.

After more research and much conversation, however, we felt it was time to take better control of our future financial lives and applied for a policy through the broker-dealer that I was working for at the time. It was a quick and easy process. We just had to fill out some paperwork, complete a medical exam at our home, and then wait for our results. Both of us came back as priority individuals, meaning we were in good health, and thus the rates for our policies were lower.

Ultimately it came down to our big whys for having our own life insurance: If something were to happen to one of us and we had young children at home, we wanted to make sure the other spouse could stay home with the children if needed. We also wanted to make sure that we could pay off any remaining debts and that our lifestyle would be minimally interrupted.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

When you get life insurance young enough, it doesn’t hurt to pay the extra small amount for more coverage. We just did same here.

caucasian people problems

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Inside the tragic last months of ex-Zappos CEO Tony Hsieh - Business InsiderTony Hsieh sold Zappos for $1.2 billion in his 30s. He was dead by 46. Inside his final Park City months, where he hoped to deliver more happiness as he spiraled.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Inside ESPN's exit from esports, layoffs, and what it means for media - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thanks for this news
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Inside high-end custom pianos with Steinway & Sons CEO, Lenny Kravitz - Business InsiderInside the highest end of high-end pianos, with classic brand Steinway & Sons and its newest collaborator, Lenny Kravitz wow
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Inside the SolarWinds cyberattacks – FireEye leader explains discovery - Business InsiderInside the discovery of the massive SolarWinds cyberattacks: FireEye's top expert explains how his team found a 'needle in a haystack of needles'
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

GPS data shows Trump supporters made it deep inside US Capitol - Business InsiderGPS data tracked 618 videos from Parler users inside the US Capitol last week. The mob made it deep inside the building. Well no kidding... That's what happens when the authorities welcome them in, and then directs them to the House Floor. OH! And lets not forget about the selfies the cops took with 'protesters' either.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Inside the meteoric rise of Jon Gray at private-equity giant Blackstone - Business InsiderJon Gray is the future of Blackstone. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image. horrible Check out this, gonna be the next dogecoin
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »