Amid the holiday season, many of us are trying to decide what gifts we should get for our loved ones. With store promotions and deals flooding our inboxes, you may be trying to figure out what your money can be best spent on.
The holidays are a time when we focus on our families and spend time with the ones we love. With 2025 around the corner, you naturally start to think about what positive changes you can make in the new year and beyond.
Though it may not be the first thing on anyone’s wish list, life insurance can be one of the most valuable gifts your loved ones receive — not just for right now, but for years to come. To give life insurance as a gift, you can purchase life insurance for yourself and name your loved ones as the beneficiary.
Here are three reasons you may want to consider giving life insurance as a gift this holiday season.
What could be a better gift than helping to protect your family’s financial future? By gifting life insurance, you can provide a safety net to help protect your loved ones in case something were to happen.
Whether you choose term or whole life insurance, you can ensure you and your loved ones have financial protection. Ideally, your life insurance coverage should be roughly 10 to 15 times your annual income — enough to help take care of a mortgage or rent payments, daily expenses, childcare, education, retirement, and other unforeseen costs.
When it comes to holiday gifts, most people tend to think of the latest gadgets and trends. According to The Wrap Up: Snappy’s 2022 Holiday Gift Report, 45.4% of Americans report the most challenging part of gifting is choosing the “right” gift for their loved ones. While it may not be as exciting as other presents, life insurance is a practical way to show your loved ones just how much you care.
Unlike material gifts that may lose their value, life insurance can continue to provide financial security for years to come. It also shows that you are thinking about their future and want to protect them even when you are no longer around.
Getting life insurance as a gift is a stress-free option that allows you to avoid the chaos of long checkout lines and the hassles of traffic during the holiday season. More than half of Americans say holiday shopping causes them some stress when it comes to gift giving.
Instead of rushing around with last-minute shoppers, you can simply call your local Representative and see how you can help protect the ones you love most.
Ready to discuss your options? Contact a local WoodmenLife Representative today to discuss your needs and make this holiday season truly special for your loved ones.
A Life’s Perks® Holiday Gift Guide
Start the New Year Strong: Make Purchasing Life Insurance Your Top Priority
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