September is Life Insurance Awareness Month!

father and son playing, life insurance

“The best time to plant a tree was 20 years ago, the second best time is today.”

The same goes for life insurance. No matter what your age is, the best time to get a policy is today!

While you don’t need a specific reason to get it, and you should have coverage at any age, some life events definitely push this important task further up the to-do list!

When to Consider Getting Life Insurance

First, are you are planning on having a baby in the near future (the next few years) now is the perfect time to get life insurance. Setting up a financial safety net for your children is one of the most important things you can do to make sure they are secure for the future.

If you are getting married, or if you are a newlywed, getting life insurance provides peace of mind for your spouse.

If you are financially supporting your parents or grandparents, a life insurance policy enables you to keep supporting them in the event you pass away and are no longer able to.

Do you have debt? Having life insurance that can cover debt is important, since not all debts are forgiven after passing. Making sure you are not passing that debt down to a loved one is an important step in financial planning.

If you are self-employed, there are many reasons to have life insurance. For example, having “key person” coverage means your employees can continue to get paid in your absence. It can also be used as a form of collateral that you can take out a business loan against.

Peace of Mind Doesn’t Have to be Expensive

It’s true that everyone should get life insurance. The great thing is that it does not have to be expensive. A young and healthy individual could have a rate as low as $10 a month!

Concerned about the cost or how much coverage you need? Speak to one of our agents today for a no-obligation, no-pressure discussion about your needs and goals.

R&G Insurance Associates is an independently owned and operated insurance company with 5 offices located around Maryland. We pride ourselves on offering a high level of service where clients feel like family. Come visit us at any of our five locations in Rockville, Glen Burnie, Prince Frederick, Lexington Park, and Manchester MD.