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Important Things To Know About Life Insurance

Important Things To Know About Life Insurance

September is Life Insurance Awareness month. Most Americans who do have life insurance, are not carrying enough, life insurance. Then, there is the rest of Americans (about 40%) who have no life insurance whatsoever.

According to research, the two most common reasons why an individual does not carry life insurance is because they have competing financial priorities, or they think they can’t afford it.

This is why every September, our agency helps spread awareness and educate our clients on the facts and importance of life insurance.

Here are some interesting and important things to know about Life Insurance:

  • The first ancient civilization to use life insurance was the Roman Empire. Burial clubs would go around and collect money from the poor to pay for their funerals.
  • Every U.S. Citizen is eligible for guaranteed issued life insurance, regardless of age, sex or medical condition.
  • Term life insurance can cost as little as the price of one cup of coffee, per week.
  • You’re never too old or too young to buy life insurance. In fact, the younger you buy, the better off you will be.
  • The goal of life insurance is to provide financial security for your family after you are gone.
  • The term of a life insurance policy can be for as long as you decide.
  • The beneficiary of a life insurance policy is the individual that relies on you for an income.
  • Men are more likely to pay more for life insurance than women due to health conditions, dangerous hobbies, and lack of seeking medical attention.
  • If you have a dependent relying on your life, you should have life insurance.
  • Young professionals are the largest buyers of life insurance.
  • The most common reason for retired individuals to buy life insurance is to pay for funeral costs.
  • Business owners have the option to name their business as a beneficiary on their life insurance policy.

Our life insurance specialists at C.H. Edwards, Inc., recommend that individuals carry eight times their annual salary in life insurance. If you do not already have life insurance or you would like to review your current life insurance policy, contact our office at
(516) 249-5200 and we will be happy to assist you.

Don’t wait another day. Make an investment in your families future by purchasing  life insurance today.

 

Life Insurance – Are You Ready To Have The Conversation?

Life Insurance – Are You Ready To Have The Conversation?

Life Insurance is often a difficult topic for many to discuss. It is not a conversation that anyone wants to start and is often put off until a life event forces you too. Maybe the conversation would be easier if you had someone outside of the family that you could discuss this with? Having the answers to the questions your family may have before they ask can put you at ease. Looking at Life Insurance as a life plan, a plan for your future and retirement is another way to present the conversation.

Making this topic easier is as simple as giving C.H. Edwards, Inc. a call. We will start by answering your questions, help you decide which policy is right for you and your family within your budget and offer a no obligation quote.

C. H. Edwards, Inc. has everything to assist you in making this uneasy topic easier. Still not sure, visit our website at www.chedwards.net and find out who we are. We have been working with clients since 1925, with their home, auto and life insurance as well as assisting commercial clients with their particular needs.

At C.H. Edwards, Inc., our clients are part of our extended family and who else would you trust with such a major life decision?

Written by: Denise Visco

Purchasing Wedding Insurance

Purchasing Wedding Insurance

Are you getting ready to tie the knot?

Let’s face it, as much as you want everything on your wedding day to go as smoothly as possible, life happens. You don’t want to think about it, but natural disasters, emergencies, and accidents can occur on the day of your dreams.

This is why C.H. Edwards, Inc. suggests purchasing Wedding Insurance. Sure, it’s an added cost, but what it covers, makes it completely worth it!

For example, you plan a beautiful fall wedding in September and all of a sudden a hurricane is headed your way and your wedding must be postponed. This is an extreme scenario, but if you don’t have wedding insurance, all of that time and money you put into your big day may go to waste.

If you choose to spend a little extra and purchase wedding insurance, the above-mentioned situation would have been covered, and you’ll be able to reschedule your dream day.

Another example why you should purchase wedding insurance is if something happens to the venue where you will be having your event. Whether it went bankrupt or there was a fire, wedding insurance will cover the costs of rebooking at another venue or hall.
It can also cover scenarios such as if you have to retake ruined photos, replace lost or damaged wedding apparel and gifts.

Weddings are expensive, and yes, purchasing wedding insurance will cost extra money, but if something actually happens on that date you picked, you’re covered!

For more information regarding wedding insurance or life insurance, call for a free no obligation quotation. Call C.H. Edwards, Inc. a call at 516-249-5200 and one of our specialists will be happy to assist you. Congratulations on taking this big step into your future.

Visit our newly designed website at www.chedwards.net

 

Give the Gift of Life Insurance this Valentine’s Day!

Give the Gift of Life Insurance this Valentine’s Day!

Happy-Valentines-Day-SignValentine’s Day is only a day away. Are you still searching for that special gift? Consider giving the gift of Life Insurance. Planning ahead to make sure that your loved ones can continue on without having to make sacrifices is the greatest gift you can give. Whether it’s Term, Variable, Universal or Whole life insurance, C.H. Edwards, Inc. can assist in deciding what is best for you and your loved ones.

Maybe you already have Life Insurance? Have you considered reviewing your Insurance? Reviewing your existing insurance program is extremely important. It is very common to purchase insurance and never review it. Insurance companies will not contact you to advise if less expensive options are available or that there may be a problem in the future.

The following are areas of concern for existing life insurance policies, many of which we may be able to help you correct.family

-Term Life Insurance: The cost of term Insurance has changed in recent years. This may present an opportunity to save on your current premium. Often you can extend your fixed guarantee period or increase coverage for the same outlay.

-Variable Life Insurance: Careful attention needs to be paid to ensure that the contracts are performing adequately based on the values of the iinvestment. Reallocation or increased premium may be required.

-Universal Life Insurance: These policies are interest rate sensitive. The current lower interest rate environment has affected existing policies. Projections from the existing insurance company often show the policy owners may need to pay additional premium or face losing their coverage at a time in your life when it is needed most.valenintes vpc

-Whole Life Insurance: Many of these policies require several years of additional payments before premiums can cease. Although they are often purchased for their cash value growth, you may find less need for the cash and view the policy as an inheritance for your heirs. Sometimes leveraging the cash value for a high death benefit makes sense.

Does all of this seem overwhelming to you? Helping you understand your Insurance is a valuable service C.H. Edwards, Inc. offers to clients. So whether you are already a client or considering joining the C.H. Edwards, Inc. family let us help you give the gift of Life Insurance this Valentine’s Day.

From the Management and Staff of C.H. Edwards, Inc., Have a very Happy Valentine’s Day!

www.chedwards.net

Written by: Denise Visco