Prompt Payoff: Three Immediate Benefits of Life Insurance

Most people believe that only their loved ones will ever realize the benefits of life insurance. And while it’s certainly true that beneficiaries’ financial lives are made immeasurably easier after the policyholder passes away, it’s also true that the policyholder enjoys some benefits, too.

Some are tangible, some are not. Some you can put a price too, others are priceless. All should be considered when you’re weighing whether to invest in life insurance.

1. It Provides Immediate Peace of Mind
Every year, Chapman University conducts a survey to determine the fears for which the highest percentage of Americans report being “Afraid” or “Very Afraid.”

Not having enough money for the future consistently ranks among the top 10–typically just above “People I love becoming seriously ill” and “People I love dying.” Sadly, they are all connected in some way.

Life insurance can ease at least one of the fears. It can help ensure that your loved ones have enough money for their futures. It’s the kind of peace of mind that makes every part of your life more enjoyable.

In fact, 65 percent of people who have invested in life insurance say they are able to enjoy their lives more knowing that the people they love are financially protected, according to a study by Life Happens.

2. Life Insurances Reduces Stress in Your Life
On Thursday, April 25, 2019, a story in The New York Times broke some bad news. It reported that a recent study had found that Americans are among the most stressed people in the world. And money is one of the most common causes of stress.

MSNBC reports that 30 percent of Americans are constantly stressed out about money. This is incredibly bad news because chronic stress can be incredibly detrimental to your health. The Mayo Clinic reports that constantly living under a heavy, wet blanket of stress can lead to anxiety, depression and headaches. But it has also been linked to heart disease, cancer and other serious health problems.

Insuring your life can help reduce the daily stress you experience. In fact, a majority of the people surveyed by Life Happens who have life insurance say it is one of the ways they reduce stress in their lives.

3. It Shows Your Loved Ones How Much You Care
At the end of the day, everyone wants their people to know how much they are loved. There are a lot of ways to show how much you care about your loved ones, hugs, cards, kisses, gifts and everyday niceties included.

But perhaps none is more meaningful than taking steps to protect your family against life’s unknowns.

Not only will it give you the peace of mind to know that your loved ones won’t have a financial worry should something happen to you, but it eases their minds as well. Maybe that’s why Life Happens reports that 78 percent of people whose lives are insured say they do it–at least in part–as a gesture of love.

In other words, you’re not just insuring your life, you are insuring your love–today, tomorrow and well into the future.

Are You Ready to Reap the Rewards?
Insuring your life offers an array of benefits, including many that you can realize immediately. To learn more about how investing in life insurance can help you can change your life for the better right now, connect with Flagler Financial today.