Life Insurance: Planning on What Will Happen vs. May Happen
About 50% of Americans are covered by life insurance. However, 41 or so million Americans know they need life insurance but have no life insurance coverage.
In large part, the non-purchase frequently begins with the misunderstanding that life insurance is very expensive. For some, unfortunately, that may be the case, but you may want to know that a healthy male, age 45, can purchase $100,000 of 10-year term coverage, coverage that would pay the beneficiary $100,000 of income tax-free life insurance, for as little as $11 a month. Likewise, a $100,000 policy for the same age female could be as little as $10 a month.
We buy car insurance, home insurance, and insure many other things against financial losses that may happen. Life insurance replaces the economic loss of a loss that will happen. When it does, life insurance can help pay the mortgage, educate the kids, supplement retirement, and pay the ongoing expenses.
COVID-19 has resulted in the unexpected death of hundreds of thousands of Americans, and life insurance sales have increased by double digits. So, it seems a good move to purchase life insurance to protect against what will happen.
If you would like some sales ideas to help promote life insurance, please get in touch with AIPMA’s Business Development team at (800) 783-5206 Press #2 or email email@example.com.
Disclaimer: The actual rate depends on underwriting, including such things as health history and avocation.
Latest PostsSupporting the Red Nose Day Campaign for ChildrenMay 2023 It’s Annuity Awareness Month! Let’s Sell Some Annuities!June 2023 Casual for a Cause Donations Benefit Five Local CharitiesMay 2023
TagsEquitrust Aig Protective Working From Home Corebridge Financial Carriers Global Atlantic Myga Fixed Annuity North American Annuity Taxes Nafa Bestow Aipma Genworth Iul Mental Health Long_Term_Care Fixed Indexed Annuity Lincoln Financial Group Permanent Life Insurance Indexed Universal Life Secure Act Integrity Web Meetings Myaip Regional Director Drop Ticket Open Enrollment Leads Senior Health Shop Tax Season Charity American Equity Nationwide Term Life Insurance Retirement Planning Securian Financial Final Expense Fidelity Guaranty Life Tickit Transamerica Ethos Covid19 Limra Medicare_Supplements Legal And General Webinars Social Media Life_Insurance Insurance Fraud Coronavirus Covid 19 Ira Foresters Financial Job Posting Wink Women Integrity Marketing Group Regulations Financial Planning Roth Ira Holiday Disability_Insurance Culture Tips
2041 E. Square Lake Road, Suite 100, Troy, Michigan 48085-3897
For more than 40 years, AIP Marketing Alliance (AIPMA) serves as a premier life insurance and annuity distribution partner to provide full-service support to independent wholesalers, brokerages and agents from our Troy, Michigan office. Copyright 2023