Life insurance always seems like a problem for an older generation, but then one day you wake up to realize that you’re no longer a 20-something and you should probably think what happens next. Covering yourself against the future is a bit scary the first time around, but that protection brings about a priceless peace of mind. You owe it to your family to make sure they’re taken care of, even though you don’t want to think about all the things that could happen. You can’t hide your head in the sand forever.
Maybe you can’t currently afford a whole life insurance policy. That’s not a problem. Find a term policy that suits your needs for now. Later on, you can convert to whole life without going through all the rigamarole of signing up for new coverage. There are various other ways to lock in a monthly premium that fits your budget. The money you pay now isn’t nearly as important as what comes after you pass. You don’t want to think about death, but it’s inevitable. Deciding what happens afterward is essential. Don’t leave behind any unfinished business.
Health IQ explains the vocabulary of this necessary step into adulthood. You need to name someone as a beneficiary to your worldly possessions, including your finances and your home. Remember that, as with any other type of insurance, you can shop for different policies and compare rates, premiums, and coverage. Always read the fine print so that neither you nor your loved ones are unpleasantly surprised by unexpected clauses.
About Health IQ
Health IQ’s mission is to improve the health of the world by celebrating the health conscious through financial rewards. Health IQ delivers better rates and underwriting, and was recently featured in sites such as CNBC, Venturebeat, and TechCrunch. and partners with top-rated insurance carriers such as SBLI, Ameritas Life Insurance Corp. and Assurity Life Insurance Company, and reinsurer partner Swiss Re to offer health conscious people between 4 and 33 percent lower rates on life insurance. Founded in 2013 by a team of health conscious entrepreneurs, the company is a licensed life insurance company in all 50 states and has helped tens of thousands of individuals secure a total of $5.3 billion in insurance coverage.