MBA Insurance Consultants

FACT:
American insurers issued a total of $7,366,765 million worth of group policies in 2018. This number represents a 1.7% decrease since 2008. It seems fewer Americans believe that group policies are the best life insurance option for them.

Don’t get left behind. Choose a policy today!

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http://mbainsuranceconsultants.com/

We often see life insurance as a grudge purchase. You know that at one point or another, it will payout. The problem is that you could easily pay premiums for thirty or forty years before you die. So, you might be asking yourself if it’s worth it.

The short answer is yes.

Why? 🤔

Let’s assume that you’re paying $100 per month. The average payout at this level for a healthy person in their 30s is $250,000.
Let’s say that you decide to save $100 per month instead.

Assuming an interest rate of 2%, with interest reinvested, after thirty years, you’d have $49,536.78.

Life insurance facts for 2020 show that your insurer pays out a lot more than you’d earn by saving that money. 👍

🌐 Visit our website to learn more at
http://mbainsuranceconsultants.com/

Before you accept the responsibilities of taking on a mortgage that spans several decades, there’s an option you might consider to protect the home from foreclosure in case you’re not able to make the monthly mortgage payments.

Mortgage protection insurance (MPI) protects homeowners if a health issue arises and they become disabled, or a job loss is lengthy. In the worst-case scenario, this type of coverage can pay off the balance of the mortgage if the borrower dies.

Visit our website to learn more at
http://mbainsuranceconsultants.com/

This year the COVID-19 pandemic has raised the awareness of the fragility of life and how precarious financial stability can be. Although people generally recognize the value of life insurance, LIMRA research shows 46% of Americans are uninsured, and many more do not have enough coverage. Before the pandemic, nearly 1 in 3 families said they would face financial challenges within a month if the primary wage earner died.

Comment below or send us a message if you would like to find out about a Life Insurance policy for you