Ring in the New Year with resolutions that matter -- resolutions that are not just created for you, but will impact the quality of life for your family forever. According to Gary Lardy, a leading life insurance expert, the beginning of the new year is the perfect time to evaluate your current financial outlook and life insurance policy.
What are your family's financial goals in the New Year?
“With every new year it is important to determine if your policy meets your family’s needs, and to make positive steps toward ensuring future financial security by establishing a sound life insurance solution,” said Lardy, CEO of IntelliQuote (www.intelliquote.com), a leading online life insurance agency. “It is easier than ever to shop for and consider your life insurance options through online tools and web sites. And, if you already have life insurance, there are new products and plans that allow you to increase your policy to accommodate your financial future.”
“The beginning of the year is an ideal time to review your financial needs, and life insurance plays a large role in securing your family’s financial security long term,” said Lardy. “The first step is to work with a licensed insurance agent and independent financial advisor to create a needs analysis and plan.”
Does everyone need life insurance?
The answer is really up to you and your specific needs and financial goals. Consider the following:
Single individuals may want to consider purchasing a life insurance policy to pay off debt, including car and school loans, credit cards or a mortgage. Individuals should also consider that insurance may cover the final cost of covering final expenses, as well as providing financial support for parents or siblings.
If you are married you should consider insurance help cover daily living expenses for your spouse, pay off debt, or replace your income.
For parents, there are numerous reasons to consider purchasing life insurance, including protecting your children’s financial security, maintaining your family’s current standard of living, and helping pay for future expenses such as a college education.
As you ring in the New Year, resolve to provide lasting peace of mind for your family.