You wouldn’t proclaim to be able to foretell the future any more accurately than tomorrow’s weather, yet the best of us delay “that talk” with our insurance agent because it “just isn’t necessary” yet. 70 countries, including 30 of the world’s poorest, have passed laws toward Universal Health Coverage (UHC). Typically up until the age of 40, the cost of coverage goes up by a bit every year. As we grow older, get married, build families and start businesses , we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. As we move through life, find a partner, raise a family, and maybe start a business, the importance of insurance in a long term plan increases. Whether providing necessary short-term cash or keeping operations going until things settle, life insurance can be invaluable in maintaining the business you’ve worked so … Simply fill out the form below to get started today. Nah, I feel great, I just don’t need it now.”. This makes insurance cheaper than your daily latte, your monthly phone bills, or even your cable TV subscription. Why do you need insurance? ... you need life insurance. Which leads us to our next reason for getting insurance now…. The carpark at Expo is full. One of the reasons you need business insurance is to help cover the costs. Once an insurance company notifies you they are going to cancel your policy, you have very limited time to get things back on track. But here are five very good reasons why you need life insurance. forms: { At the same time, the reasons are simple and obvious. The idea may be simple, but the reasons behind it cut deep, to our very core—almost to an instinctive level. Those we cannot foresee, but we can handle. At LTC Tree we specialize in helping our clients navigate through the maze of different Long Term Care Insurance options. Every company can get sued and face legal fees. 5 reasons why insurance matters If your loved ones depend on your financial support for their livelihood, then life insurance is a must, because it replaces your income when you die. She is part of the founding committee of the. Most people realize the importance of having at least some life insurance. Should a key member or piece of equipment go out of commission, the business can carry on, thanks to insurance. We burn the toast. Having car insurance is required by law in 48 states and the District of Columbia. You don’t want your spouse, parents, children or other loved ones to be left with any extra financial burden in addition to the emotional burden they’re already suffering. It’s ok to sign up then. Today, we’ll be looking at just some of the reasons why you should consider utilising an insurance broker. First off, insurance … In the previous section, we could get a 100k cover for $6 a day as a 25-year-old. 5. Sticking to a monthly budget. In this Pet Health Insurance 101 series we help you better understand what we do at Pets Best, why we do it, and why you need it. 5 – Have more control over insuring terms. Depending on your type of policy, life insurance is fairly cheap, which means there’s no excuse not to get coverage now. If you think you can’t afford life insurance, you might be wrong. Life insurance can’t replace you, but it can replace some or all of your income if you die. © Copyright 2018 | The New Savvy - All Rights Reserved. That’s because insurance is all about providing a financial safety net that helps you to take care of yourself and those you love when you need it the most. The following list of the top ten reasons you need life insurance will help shed some light on why you may need to get covered today. How about serious illnesses? 5 Reasons Why Car Insurance Is So Important Cars have become a necessary part of most people’s lives, as they are the convenient for moving around. This is especially important for parents of young children or adults who would find it difficult to sustain their standard of living if they no longer had access to the income provide by their partner. Disability insurance provides you with cash flow if your disability keeps you from earning a living. I’ll skip my next dentist visit since I brush my teeth religiously. In the event of a lawsuit or liability claim, without insurance,... 3. A typical healthy woman aged 25 can get herself covered for 25 years for about…. })(); Anna Haotanto is the Advisor (former CEO) of The New Savvy. Let’s look at 5 more reasons why #HEALTH FORALL matters: 1. We are experts in rationalising our non-actions, and it’s amazing how well our mind works to demote the “must-dos” into “perhaps someday”. 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