The Protect Your Family Team

10/31/2022

Burial costs remain a top reason why people get life insurance.

Happy Halloween, and stay safe out there tonight!

10/28/2022

Generally speaking, younger people in better health have an easier time getting life insurance—and it’s usually more affordable, too.

Schedule your free consultation today: https://calendly.com/drrisinger/consultation

10/26/2022

Have your priorities shifted recently?

Major life events such as getting married, having kids, buying a home, or changing jobs trigger the need for life insurance.

Schedule your free consultation today: https://calendly.com/drrisinger/consultation

10/25/2022

If your parents co-signed for your student loan through a bank, they’d be responsible for paying the rest of the loan if something happened to you. You wouldn’t want to leave your parents dealing with loan payments on top of grief.

To learn more, schedule your free consultation today: https://calendly.com/drrisinger/consultation

10/24/2022

Should I have life insurance outside of my employer's coverage?

It's a question that often comes up.

Here are a few reasons you should consider life insurance outside your employer's coverage.

Remember, the cost of life insurance is based on your age and health conditions. The costs continue to increase as you get older and acquire more health conditions. You can reach a point where you can no longer get insurance.

First, you may not be covered enough by your work's policy. For example, many employers only provide coverage for a fraction of the employee's annual salary. This can leave your family to rely on the remaining savings and investments if you should pass away prematurely.

Or on the flip side, they may provide 2-times or 3-times your salary, for example, which can leave a false sense of security.

Second, if you leave or lose your job, you could lose your life insurance coverage and have no protection. Similarly, if you switch jobs, you may no longer be eligible for your employer's coverage. Also, when you retire, you may lose the coverage, or if you can continue it, the cost can increase dramatically without the employer subsidy and based on your age and health conditions at that time and no longer be affordable.

Third, you may face medical exclusions that allow your employer to terminate your policy if they determine your health has deteriorated. "If you rely heavily on group insurance and then suffer a medical condition that forces you to leave your job, you may be losing critical protection for your family." (https://www.lifehappens.com/resources/what-happens-if-i-leave-or-lose-my-job)

Having your own life insurance policy gives you more choice and control in how your coverage is designed and what benefits it provides, from payout amounts to portability to your ability to name a beneficiary or to cash out your policy. You can own a policy that has a premium that will never increase on you as you get older or acquire additional medical conditions. Unlike an employer group life insurance program, where the costs can increase every year or every five years or so, depending on the program you are in.

You should consider buying an individual policy if you rely solely on group life insurance.

The Protect Your Family Team can help you select a separate life insurance policy to meet your family's needs.

Like many things in life, a balanced approach is important.

Take advantage of employer group life insurance for the cheap additional coverage it usually provides during your working years, but also have some coverage that you own and control to provide continued coverage for your family regardless of what comes your way from a job standpoint.

Call today at (573) 554-6135 or click this link to schedule a free 15-minute consultation. https://calendly.com/drrisinger/15minutechat

10/22/2022

Life insurance can help your loved ones cover expenses they currently (or will someday) face if your earnings were no longer in the picture. In addition to maintaining their standard of living now, life insurance also helps ensure their future.
Schedule your free consultation today: https://calendly.com/drrisinger/consultation

10/20/2022

As you build your future together, life insurance may not be the first thing on your mind. However, creating a strong financial plan for your future should be a priority.

Although it may not be the first thing on your mind as a newlywed, creating a strong financial plan for your future should be an important point on your to-do list.

10/20/2022

Think about it. What would happen
if suddenly, due to an illness or injury, you were unable to work? The ability to earn a living is far and away most people’s largest “asset.” Learn from Michael’s experience and protect your income today.
Schedule your free consultation today: https://calendly.com/drrisinger/consultation

10/19/2022

Review your budget and cut unnecessary items if you have to, but make sure to keep your life insurance policy current.
Schedule your free consultation today: https://calendly.com/drrisinger/consultation

10/17/2022

It’s a brand new week! Have you reviewed your life insurance beneficiaries recently?

10/14/2022

Life insurance can cover ongoing, immediate and future expenses. Picture this: your loved ones sitting at home, worrying about how they are going to pay for their next meal. We can help you get the coverage you need.

Schedule your free consultation today: https://calendly.com/drrisinger/consultation

10/13/2022

Did you know that people who have both worksite and individual life insurance coverage feel like they are more financially secure? Now is the time to consider an individual policy!

Schedule your free consultation today: https://calendly.com/drrisinger/consultation