Why is Term Insurance Essential for all Families ?

Transfer of Risk is Protecting your Loved Ones and Taking Care of them financially, on their loan obligations, and supporting them with a standard of living, even when you are NOT there. The death benefit dollars can go towards paying off outstanding mortgage/auto loan balances, support child’s college education expenses, living expenses/income replacement in case of single income families, cover immediate funeral expenses, etc. It is meant to act as a financial safety cushion for your loved ones for the unexpected.

Why is it a ‘Transfer of Risk’ ?

You are switching from owning the burden of Risk to a third-party and achieving peace of mind that your loved ones - spouse and kids are financially protected in an unexpected event.

Why should I still care for ‘Transfer of Risk’ ?

For the same reason, that you care for your home and have Home Insurance to PLAN for a ‘What-If’ event. For the same reason that you care for your Automobiles, and your safety while driving, and have Auto Insurance to PLAN for a ‘What-If’ event.

And for the same reason, to protect the Human Capital, and lost future earnings for a ‘What-If event’ to the primary wage earner ? Else, What Happens ? What is the Plan ?

How do I do the ‘Transfer of Risk’ ?

By Purchasing a ‘Term Life Insurance’ for a specific duration of years (10, 20, 30 or 35 years depending on your risk tolerance, time horizon, current big ticket loan obligations (mortgage loans, auto loans, etc) and anticipated high expense events. (children college education expenses)

Why should I do Now ?

Risk of Health deterioration/Un-insurability : Based on the age bracket you are in, it may be better to take a term insurance NOW, while you are in good health and lock in a set premium for the entire term of 20 or 30 years, before your health condition deteriorates and your premium increases significantly or you are deemed uninsurable.

Transfer of Risk - Have a Strategy. Protect your family and loved ones that they are financially secured. And they don’t have to depend on a #GoFundMe.

The above are pointers to spark your awareness. Reach out to us for further insights or if you have questions.

Stay Informed. Stay Protected. We Empower you with Knowledge. Action is Yours.