Life Insurance Frisco TX: 4 Reasons You May Not Have The Right Coverage

Life Insurance Frisco TXNo one likes to think about dying.  That’s why so many people put off buying life insurance in Frisco TX until it’s too late.  Some people think that buying a life insurance policy, like signing an organ donor card, is tempting fate.  But in reality, it’s the responsible and mature thing to do for those you love, especially if those you love are a spouse and children.  Sadly, people in their 20s, even those with families, think they’ll live forever so they don’t buy insurance and people in their 50s, who have finally come to the realization that they’re not going to live forever, can’t afford a lot of life insurance because of their age.

That leaves a lot of Americans – and North Texans – without an adequate amount of life insurance.  If you’re one of those people who either doesn’t carry life insurance in Frisco TX or you feel yours isn’t enough, you’re not alone.  Here are some of the reasons why that’s true:

1.  Many people count on policies they have through work to be enough.  The U.S. Bureau of Labor Statistics says that three-quarters of full-time employees are offered life insurance by their employers and that the majority of those employees take advantage of the offer.  But since the average employment-related policy only pays one or two times their annual salaries, it simply isn’t enough for someone with a family.  The common life insurance rule-of-thumb is that your life insurance should provide seven to ten times your annual salary.

2.  Many people think life insurance in Frisco TX is too expensive.  Life insurance is actually more affordable than most people think.  The premiums vary depending on how much coverage you want, your age and overall health; but there are affordable policies for almost everyone who wants one.

3.  Many people think buying life insurance is confusing.  There are two basic types of life insurance – term and whole-life.  Term policies last for a set number of years and will terminate at the end of the period of time you select.  Whole-life policies last your whole life as long as you make premium payments.  In general, term life insurance policies are less expensive than whole-life policies.

4.  Many people think they can put off buying insurance until they’re older and they’ll still get a great rate.  Unfortunately, life insurance costs more as you get older and you’re more likely to have health problems.  If you buy insurance when you’re younger – provided you actually need it – you can lock in a good rate.  Depending on the type of policy, the monthly premiums may go up as you get older but that’s preferable to trying to get a new policy when you’re in your 40s or 50s.

The only way to know how much life insurance you need and how much you can afford is to get the help of an insurance agent who has over 18 years of experience in the insurance field. That agent is Anthony Blackmon.  Call (469) 291-9006 or visit www.anthonyblackmonagency.com to learn more about life insurance and to find a life insurance quote form.

life insurance frisco tx
Anthony Blackmon Insurance Agency
9191 Kyser Way, Suite 200
Frisco, Texas 75034
(469) 362-8484

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