Harris, Reed & Seiferth
Thinking about purchasing life insurance? Worried that it might be too expensive for your family at this time? Overestimating true cost by at least 3x leads most of us to avoid life insurance because of the thought that it’s “too expensive”. So, let’s clarify!
Insurance rates, as such with Life insurance, is determined by risks. As the risk of death grows, so does the cost. For the young and health, insurance is extremely inexpensive and can generally be acquired for less than $25 a month for a term insurance plan and less than $50 a month for a whole life insurance plan. These are the two main kinds of life insurance policies - term and whole life. Term insurance policies are only active for a set time period, or term, generally 10, 20, or 30 years and a shorter the term will yield a lower premium since the risk of death declines.
Depending on the long term goal for individuals and families that need life insurance at the lowest price and have young children, a term policy may be a great option as it provides inexpensive coverage to protect the family just until the kids are grown. Be sure to keep in mind that you are in control of the amount of insurance you need, which is based on debt, household income, and how you would prefer your life insurance be used. For example, if you only require $50,000 in coverage, then you’ll pay less than you would for $500,000 in coverage.
The ultimate way to make your life insurance align with your budget is to work with Harris, Reed & Seiferth Insurance Group, a local agency. We’ll run a variety of quotes at different coverage amounts and terms so you have several options. Remember, all variables can be adjusted to make the policy work best for YOU! We’ll look at your current age, health status, family obligations, and your long-term protection goals to recommend the best possible coverage. Call us today to schedule a free, no-obligation consultation and quote!
Harris, Reed & Seiferth Insurance Group is an independent Agency that shops to find you the best value for your insurance dollar. No compromise in coverage or quality, and at renewal we shop again to ensure our clients are still receiving the best value for their insurance dollar. Isn’t that what you deserve?
Quality service and insurance products throughout South Florida, including Palm Beach County, Broward County, Miami-Dade County, St. Lucie County and Martin County.
Harris Reed & Seiferth Insurance Group
There are a handful of variables that contribute to a financial plan's success, including a household budget, emergency savings, retirement savings, and - insurance! It is highly recommended to review the important parts of your insurance financial plan annually to make sure protections are in place.
Protect Your Assets!
Your first thought when it comes to insurance should be protecting what you have, such as repairing your vehicle after an accident and replacing your belongings after a flood. When reviewing your financial plan, confirm that all of your valuable assets, such as vehicles, motorcycles, boats, ATV’s, homes, expensive jewelry and/or fine artwork, etc., are properly protected. Also, in reviewing your set protections, make sure you have a reasonable deductible and full replacement cost coverage. (Don’t panic! We explain all the details)
Protect Your Funds!
It’s unfortunately true - the most important coverage is usually the most misunderstood. When you are held responsible for an accident, your assets and money are at risk! What if your dog bit someone and you were sued? What if your teenager caused a major accident and you didn’t have enough liability coverage? Having proper insurance in place ensures that you are prepared for whatever may happen and the most important step is to look at how much you have to protect, or your total assets, and then create a plan to protect everything.
Protect Your Family!
Making sure your assets have proper protections is important but life insurance and disability income give utmost protection to your family if something happens to you. With these options, you can plan to pay off debt, pay for college, or anything else that is important to you so that it doesn’t become a burden on your family to take care of alone.
We understand that all of this might seem like a lot for you to think about, but it doesn’t have to be! You can meet with our great local insurance agents once a year, or as often as needed when experiencing certain life changing events, and trust that all of these things are taken care of. Why not take a few minutes to schedule an insurance financial planning review with one of our agents? Call us today!
Harris Reed & Seiferth Insurance Group
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