What Makes Life Insurance the Perfect Christmas Gift?
It benefits everyone. With the right life insurance policy, you can have peace of mind and your loved ones will have financial security. As the saying goes “it is better to give than to receive” and with life insurance, you have the best of both worlds!
Buying today = great value. When you get life insurance when you’re young (and usually, in the best health you’ll ever be), you get the best rates. This means that if you buy life insurance for someone when they’re young, you will help that person save significant money on premiums over the course of their life.
One less thing to worry about. If you are buying life insurance as a gift you are helping someone check one more thing off their to-do list. This will save them time, headache, and the hassle of doing all the research.
The sooner the better. The perfect time to buy life insurance is today! There is no reason to wait for the “right moment” to provide your family with the ultimate safety net. When you buy someone the gift of life insurance, you can immediately ensure that their loved ones will be taken care of in the worst-case scenario.
A Word to the Wise
Life insurance is a great, thoughtful gift, but we suggest not making a surprise out of it. Rather, discuss it with the person you want to buy it for, explain why you want to buy it, and get the other person on board.
Also, practically speaking you’ll need to inform the recipient because you’ll need their health information and for them to undergo a medical exam.
How Far Will Your Gift Go?
Life insurance is a long-term commitment, meaning, you need to pay monthly premiums for a specific number of years (term) or for the rest of your life (permanent). If you’re buying the gift, it’s up to you to decide how long you’re going to foot the bill. Will it be for the first year, the first five years, or the whole term? This is another reason why it’s important to discuss your gift with the potential recipient before you buy it. If they’re not able to pick up the premiums at some point, it’s important to make sure that you can afford it.
If you’re not sure which life insurance to buy, Sproutt insurance advisors are available to help you determine what kind of life insurance is best for you. Simply answer a few questions and we will find the best-value plan for your lifestyle, needs, and budget.