It's that time of year again … It's time to figure out your New Year's resolution.
The good news is that 2021 MUST be a better year than 2020, so your goals may not have to be that high!
We know the classics, such as losing weight, saving money or being a good person. And unfortunately, we are all too familiar with the recurring theme of seeing our goals diminish as the days, weeks, or months of the new year go by.
But we have more good news – we have a way that you can achieve four common resolution goals, simply by buying life insurance. There are four ways you can make 2021 a better year than 2020. So, let's get started:
1. Get healthier .
The idea of "getting well" can include many resolutions. You may want to lose weight, exercise more, eat healthier or quit smoking, for example. Not only will you look and feel better by achieving these goals but you will make your life insurance more affordable.
Your monthly insurance premiums are strongly linked to your health when you apply. During the insurance process, a life insurance company classifies you based on how risky you are to insure. To do this, you will likely undergo a simple medical examination, similar to a physical one, and properties such as your cholesterol and blood pressure will be measured. Proper exercise and diet can get these numbers, and you, into a pleasant zone of affordable coverage.
However, issues such as obesity or smoking make you appear more risky to carriers, which means higher premiums. If you need the extra boost of motivation to achieve any of your health-related resolutions, think about what it can do for your budget as well as your waistline. Spend less and save more .
Economically related resolutions are common, and you better believe that life insurance plays a role. Often people start with something simple, like setting a budget or saving more ̵
Life insurance also forces you to think about your money in a more holistic way. The best way to calculate your life insurance needs is to think about all the expenses, debts and financial plans you have. You need to know how much coverage will ensure that all of your financial responsibilities are taken care of for your family. This may mean that you examine your credit card debt more closely, finally examine savings plans for college or seriously tackle your student loans. By thinking about life insurance, you are thinking about all aspects of your financial plan and you have just exaggerated your financial resolution.
3. Be a good person.
There are many ways you can decide to become a better person. You can be nicer, you can donate to charity, you can be more patient with your children or buy life insurance.
Life insurance helps protect your family by ensuring that all of their financial needs – housing, colleges, living expenses – are covered. There is no "what if" when it comes to paying for a mortgage when you are away, no wonder how your spouse will reach retirement goals without your income contributing. It also helps protect your family from inheriting your debt. Some debts, especially if a family member is a co-signer on it, will follow your family even if you are not around. Student loans, credit card debt, auto loan payments – they can all be handled with a life insurance death benefit.
Looking beyond your family, did you know that you can also donate your death benefit to a charity of your choice? Setting up a charity (or museum, school or anything else) that your beneficiary will ensure your legacy will live on for many years to come.
4. Enjoy life.
How are you going to enjoy life more 2021? Will you be less negative? Will you choose a new hobby? Will it implement the above resolutions?
One thing you can try is to reduce stress in your life. Do you know what can help you do that? It is right. Life insurance.
If 2020 taught us anything, it is that no one knows what the future will have, so there is no point in worrying about every little thing that can go wrong. The best we can do is, as they say, plan the worst and hope for the best. While investing, saving and building your financial safety net, would it not be nice to know that if you die before you finish investing, saving and building your financial safety net, your family is still taken care of? 19659003] Buying life insurance takes stress from an unknown financial future off your shoulders. That way, you can focus on what really matters – making other plans for the future and spending more time in the present – instead of always worrying about "what if …".
How to get started
New Year's resolutions are a way to start anew and achieve new goals. Even if we do not reach all of them, it is worth the effort to see how we can improve ourselves. Buying life insurance is not just a good goal for you. It is a great goal for your family and their future as well.
So we recommend that you add it to your list this year so we can help you get started. Call us and we can tackle 2021 together!