It’s that time again. Trying to figure out what your New Year’s resolutions will be. You know the classics: Losing weight, being healthier, saving money, being a better person. These are classics for reason. But did you know Life Insurance can help you achieve these New Year’s resolutions? Read the five ways below to find out how!
1. Bettering Yourself
Life insurance helps protect your family by helping secure their financial future, making sure they can keep the house, pay for college tuition, continue to live the lifestyle they are used to. There’s no “what if” when it comes to paying for a mortgage once you’re gone and no wondering how your spouse will retire without your income to contribute. It also helps protect your family against inheriting your debt. Debt such as student loans, credit card debt, and auto loan payments can all be handled with a life insurance death benefit. Setting your family up for success in the future, not a bad way to become a better person, right?
2. Getting Healthier
Not only will these resolutions allow you to look and feel better, they’ll also make your life insurance more affordable. Your monthly premiums are tied strongly to your health when you apply. During the underwriting process, a life insurance carrier will classify you based on how risky you are to insure. A habit of smoking can also raise your rates. Again, this is because smoking is linked to problems that make you more likely to die over the term of your life insurance policy, so you’re a riskier prospect for carriers. Current smokers can look to pay up to triple the cost in terms of their monthly premiums. Staying tobacco-free for a year can get you back down to more affordable non-smoking rates. Healthier living and life insurance go hand in hand.