The Impact of Life Insurance

We live in a crazy world. You never know what is going to happen or what new changes may take place day to day. This has impacted us all, and we have had to learn how to be more flexible than ever so no matter what comes, we can adjust and keep moving forward.

But these changes have impacted more than just the way we live. It has changed HOW businesses operate. From changing hours to safety regulations that we have never seen before. But these impacts have also changed the way the insurance industry is operating, and it is critical that you know about this so you can understand how to properly protect your family.

Many people have either heard a rumor or wondered how the COVID vaccine might impact your ability to get life insurance. At the present moment, there is nothing in any policy that I have seen that states there are any changes to a life policy whether the person had the vaccine or not. If someone were to unfortunately pass away, their life policy (If they had one) would still pay out. And there are no changes to underwriting when getting a new policy.

​Why is this important?

Because whether you have gotten the COVID vaccine or not, you still NEED to have life insurance! And know that you now it doesn't have any impact on your eligibility or payout restrictions, you can get options to fit your unique situation.

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Even in 2021 this is still true!

This is a very emotional topic for me, and if you will allow me a quick moment I would like to share a personal story of mine:

When I was 16 years old, my aunt was killed in a car accident. She was carpooling with a friend to work just like any other day for her. She was only 2 years away from retiring and her and my uncle had already made plans to travel the country in a camper. But because of the selfishness of someone completely out of their control, that plan was gone in an instant. The driver of the other vehicle in the accident had decided to go fishing after his shift instead of going straight home. He fell asleep at the wheel after fishing and crossed over 2 lanes of traffic hitting my aunt and her co-worker head on at over 50mph. My cousin, who is four years older than me, was in the Army and stationed in Germany at the time. So I was the one who stayed by my uncle's side helping as much as possible with arrangements and everything else.

I was with him the day the life insurance check came in for my aunt, and although he was already retired and had stable income, that check allowed him to focus on what was important, not financial stress with the funeral. He was able to grieve and be with family and remember the great times. I saw this first-hand and will remember that day the rest of my life.

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You can see above the AVERAGE cost of a funeral in 2021. But take notice, that does NOT include the Cemetery and Memorial costs. This also does not include any debts that may still be in place such as a mortgage, auto loan, credit cards, personal loan, etc.

The last thing anyone in your family needs is to have the added stress of financial hardship on top of the loss of a loved one.

And life insurance can also be a great investment vehicle to help build value to pay for things like college tuition or retirement. There are a wide variety of products that can all be tailored to fit your specific situation.

But YOU have to take the first step to ensuring your families financial future!

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There are many factors that go into the price of a life insurance policy. The main one's are: Age, Amount of Coverage, Length of Coverage, and Medical Conditions.

Fortunately, we have plenty of options for all of these factors. So no matter what your current situation is, we can find something for you. To date, I have never been denied a life policy. We may have had to go to a different carrier, but I have not come across a situation yet that I have not been able to help with.

As a licensed agent and insurance advisor, my only goal is to make sure your family has the financial security they need so they can focus on family after the loss of a loved one. I will find out a little about you and what it would look like to have that financial security so I can go to work for you and look at all the options available.

Depending on your goals and your budget, we will tailor everything until we find the right fit for you. Because life insurance is so specific, you cannot afford to get a 'one-size-fits-all' policy, and that's what I am here for!

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So please feel free to call or text me at 678-719-0678, or shoot me an email to stephen@stephenturneragency.com so we can set up a time to find out your options. And please check out the short video below on life insurance posted by the Insurance Information Institute. It provides some great insight into life insurance and the benefits of having a policy.

The Stephen Turner Agency does not own and did not create this video. All credit is given to the Insurance Information Institute. Video source: https://www.iii.org/video/the-is-on-insurance-life-insurance

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