A new year means new resolutions. Your resolutions may include exercising more, eating better and reducing stress. The new year is also the perfect time to reflect on your financial goals and, if needed, do a financial reset. Have you thought about your goals and how they could benefit those most important to you?
Let’s look at some of the reasons why you should make buying life insurance one of your New Year’s resolutions.
By having life insurance, you can help make sure that if you pass away, your loved ones will still get the financial support they need.
With either term life insurance or whole life insurance, you can feel good knowing that you’ve got a plan in place that will help your loved ones to cover expenses and to maintain their lifestyles after you’re gone.
Did you know that people often overestimate the cost of purchasing life insurance coverage by three times*? Here’s the good news: Coverage can be affordable for most.
In fact, your monthly payment may even be less than what most Americans pay for streaming services1. Your spouse and children would be inconvenienced if they lost their internet and streaming services, but the impact of losing you without life insurance could be devastating.
We all want to leave behind a legacy we can be proud of — a legacy that will be cherished by our loved ones. One way you can make sure you create a legacy that you are proud of is by purchasing life insurance.
With life insurance, you can provide your loved ones with the financial protection they need after you are gone. This can give them the time to grieve without the added stress of covering funeral expenses. It is a final gift to show you care, and it could make all the difference to the financial future of your family.
None of us can predict the future, but preparing now can make a difference later. When setting your resolutions for the year, why not consider making one that can make a positive impact on your family, too?
If you are ready to start tackling your New Year’s resolutions, WoodmenLife can help. Click here to find your local Representative.
*According to LIMRA 2023 Life Insurance Barometer Study
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