When people lose their job, they often also lose their company- sponsored life insurance policies. This only adds to an already stressful situation, and Rene Lacape of eQuote, said it may be wise to have your own, personal policy for life insurance that is portable – that is, that can follow you from job to job
Life insurance agent Rene Lacape,, also added that, life insurance is smart to have and comes to the forefront if the policy holder passes dies unexpectedly. Unfortunately, life insurance is something that people often avoid talking about, and often avoid like a dinner dish they dislike. However, this is not a smart move because it puts a person’s family at a serious financial risk, and gives them a great deal of potential financial exposure.
“ A recent study indicates, said Rene Lacape, 69 million of the adult population in the United States has no life insurance protection. Many of those people carry an amount of protection that is is should be the responsibility of an adult with dependents to take the initiative to research and purchase a policy.
“Aging baby boomers have particular concerns that the industry is trying to address, said eQuote’s Rene Lacape. There are some newer insurance products that are written specifically for them and their concerns, such as no medical exam life insurance .”
People are living longer , but at the same time, Social Security looks less and less capable of giving them an income that will provide any kind of security, Rene Lacape said. Companies rarely provide pensions any longer, and if they do offer a retirement fund, the Accumulation over the years will not likely be enough to live a lifestyle an individual is accustomed to.
Rene Lacape said having a security blanket such as term or whole life insurance can relieve stress about the future and about living so long that retirement funds run out before you die. Having a life insurance policy in place reduce this risk, providing peace of mind for the client and for their families should an unfortunate death occur.
When seeking out an insurance company, said Rene Lacape, take your time to read about the company online and don’t hesitate to pick up the phone and speak with a knowledgeable agent. This is the only way you can really understand what might be the best life insurance product to purchase,” he added.
Take some time to learn why life insurance is important for you and your loved ones and you’ll probably be glad you did.
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