Harris Pleet

Cancelling A Life Insurance Policy

Cancelling A Life Insurance Policy

Estimated reading time is 60 seconds. Have you thought about cancelling your insurance policy to have some extra money available to pay bills? People cancel policies all the time without realizing they are putting their family in financial risk. Yet when we look at our TV bill, we have all the movie networks, the sports channels, and of course, the family channel for the kids. When thinking about the cost of cable packages today, you can afford an insurance policy that will give your family the security to pay your mortgage and clear any debt that you have left behind. How would you answer this question; if your spouse should prematurely deceases you, are you prepared financially to pay the mortgage, pay the debt and save for your retirement? If you have young children, you will need to cover daycare costs giving you the opportunity to go to work.  It is also essential to save for your children’s education. We all have a choice of the lifestyle we want to live. Our main focus should be protecting our family.  The unfortunate can happen at any time.  Just turn on the news, we are faced with tragedy every single day.  Our first priority should be to have this protection in place so that we can live with the peace of mind knowing that our family will be taken care of, if we can no longer be a part of it. Life insurance is an important part of your life.  The conversation usually only comes up when a friend or a family member either gets diagnosed with a disease or a death in the family.  We don’t think that the unfortunate will happen to us and therefore we go about our lives without preparing for it. If you do have a life insurance policy, it is necessary to re-visit it regularly to ensure you are covered for the appropriate amount required at each stage of your life. I can help to make sure that you have the right type of policy for your needs.  If you would like to understand your policy, I will give you an experienced opinion on where you stand today and how your current policy will protect you and your family for the future. I have been in the financial industry for 14 years and I have developed many great relationships along the way. I will be...

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Why Do I Need Life Insurance

Why Do I Need Life Insurance

If you have dependents and are uninsured, they may experience substantial, perhaps catastrophic, financial difficulties upon your passing. This is particularly true if you have a mortgage or other substantial debt. If you are insured, they’ll be protected against financial disaster…and you’ll sleep better at night. There are two main categories of life insurance: Term life insurance Term life insurance is, as the name suggests, temporary. You may wish to be insured until retirement, or until your children are self-sufficient, or perhaps for the duration of a mortgage. Most term policies are 10 years in length, although some carriers offer 5-, 15-, or 20-year terms. Permanent life insurance Permanent life insurance lasts for the duration of the life of the insured (provided premiums are paid up, of course!) and provides a death benefit to the insured’s dependents. Permanent life falls into two subcategories: Whole and...

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