Add Life Insurance and Save
In the world of personal insurance, we often find ourselves mandated by law or lender to maintain adequate coverage. This blessing in disguise has protected millions from catastrophic life events. However, one line of family protection that is often overlooked is Life Insurance. In fact, according to LIMRA’s Life Insurance Barometer Study, only 62 percent of consumers carry life insurance. This shocking statistic is attributed to a lack of understanding of the affordability of life insurance.
The most common reasons that American’s don’t maintain adequate life insurance are financial constraints and a misconception that they can’t afford the premium associated with it. Now that insurance carriers are providing multi-policy discounts and bundling Home, Auto, and Life insurance together, consumers should be aware of just how easy it is to obtain the recommended protection for their family.
Many clients are familiar with insurance packages which commonly bundle Home and Auto insurance but aren’t aware that the same bundled features apply to Life insurance as well. There are popular promotions that extend discounts to auto insurance policies just for purchasing a term life policy with the same insurance carrier. More often than not, the savings obtained from the auto insurance discount completely offset the cost of life insurance.
It is always a great idea to have an independent agent quote your auto insurance as different carriers are constantly enduring rate fluctuations. In doing so, many policyholders find that they are able to cut down on their overall policy premium and still add a life insurance product to their insurance portfolio. Life insurance carriers are currently offering 20-year Term life produces that are rate guaranteed for the entire term and coverage guaranteed to age 90.
Are you one of the 62 percent that already maintains life insurance? If so, you are to be commended, but there are still options for you to save with a bundled Auto and Life insurance package. Options for getting a life insurance policy on a child or grandchild are available and are extremely cost effective. This enables parents to still obtain insurance savings through their auto insurance discount while also acquiring additional coverage.
Life insurance is readily available and, for many American’s, the concern over price is no longer relevant due to the bundled savings. For information regarding your bundled insurance options, please contact a Moore Resources Insurance agent today.
Moore Resources is an Independent Insurance Agency located in St. Petersburg, FL and offering Homeowners Insurance, Auto Insurance, Personal Insurance and Business Insurance. Our reach extends beyond the Tampa Bay area to the entire state of Florida. Moore Resources has regionally been dedicated to serving the local residents of Pinellas, Hillsborough, Polk, Pasco, Manatee and Sarasota counties; including St. Pete, Tampa, Clearwater, Bradenton, Brandon, Dunedin, Gulfport, Lakeland, Largo, Lutz, Palm Harbor, Pinellas Park, Riverview, Ruskin, Seffner, Seminole, Temple Terrace, Tierra Verde, Town n Country, and the Gulf Coast Beaches.
The purpose of this blog is to present general information only. It does not interpret specific policies or coverage. In order to obtain detailed information regarding your insurance, contact a licensed insurance agent.