The Cost of Life Insurance

How much money do you spend at restaurants each month? How much money do you spend watching movies? How much money do you spend for internet or cell phone service?

How much money you spend on your rent or mortgage? How much money do you spend on utilities? What about groceries and other necessities?

You may think that adding the cost of a life insurance policy to your budget is just too much to handle along with all of your other expenses. However, if you died and your family no longer had your income to depend upon, how will they pay for every other expense that they currently have? Additionally, you are most likely exaggerating the cost of a life insurance policy for yourself. In fact, it is more than likely you could get a rather large insurance policy to provide financial protection for your family for less than $1 a day!

The real question is, can you afford to not buy a life insurance policy?

The True Cost of Life Insurance

Leave a comment

What gift will you give for Mother’s Day?

To really show you love the mother of your children, consider getting a life insurance policy on yourself this Mother’s Day. It will definitely be more meaningful than some of those other presents you are thinking about…

Leave a comment

Would you have your family doctor treat you for a heart condition?

Most people have a physician that they see for regular health check-ups and initial health concerns. However, when a specific health concern arises, these “generalist” doctors will usually refer their patients to a “specialist” doctor. In other words, while they have a breadth of knowledge covering nearly everything health related, if you have a specific heart condition, intestinal issue, or required surgery, you will end up going to a doctor who has a depth of knowledge about one or two health subjects and can apply the needed remedy for that specific health concern. It is generally agreed upon within the medical industry that you won’t just visit one doctor or clinic for every health concern.

However, this same principle is not always applied when one is diagnosing and treating financial concerns and needs. Most people need some type of assistance with having a safe place for their money, help with taxes, assistance with purchasing a home, advice for investing, and financial protection through insurance. Like the medical profession, there are general practitioners and specialists. Some have a breadth of knowledge on all financial planning topics, and others have a depth of knowledge about just one or two financial planning topics. For example, while the big banks may offer advice for every financial problem, their knowledge is general. On the other hand, an accountant may not know much related to the best investments but will be very skillful in helping you to get all available tax breaks. Even within a specific financial planning area such as insurance, there are specialists in auto insurance, property insurance, life insurance, health insurance, disability insurance, and long term care insurance.

In receiving medical advice, service, treatment, and products, we are certainly willing to sacrifice the convenience of “one-stop” shopping for the quality and expertise of various specialists. However, when seeking out the best advice, service, treatment, and products for your financial planning do you have an accountant, an investment advisor, an attorney, and an insurance agent, who each specialize in their respective fields? Having financial planning “specialists” on your side will bring you far more profitable results than going to a “one-stop shopping” bank or financial planner for counsel and treatment for all your money issues.

Leave a comment

What gift should I give my valentine for Valentine’s Day?

Valentine’s Day is just around the corner – are you ready?

When you go to the store looking for a gift you will find the same stuff you find every year: flowers, chocolates, cards, etc. However, instead of the generic Valentine’s gift (or in addition to), why not surprise the one you love with a gift that actually shows your love? Life insurance and disability insurance are not gifts you would typically think of giving for Valentine’s Day, but they are gifts that demonstrate being true to the wedding vow “to have and to hold from this day forward, for better or for worse, for richer, for poorer, in sickness and in health, to love and to cherish; from this day forward until death do us part.”

Getting life insurance and disability insurance shows that you will continue to take care of the ones you love “in sickness and in health” and even after “death do you part”.

This Valentine’s Day show your valentine that you really love them with the gift of life and disability insurance.

Leave a comment

What are the odds of death by…

Here at CEG Life Insurance Services, we specialize in helping protect people against the financial struggles and difficulties that often come with the death of a loved one. However, we cannot protect people from death itself. Nevertheless, we can ease your mind in that many of the ways that people fear of dying are highly unlikely. Here are some facts to set you straight about the odds of death by…

Killer Facts and Odds of Dying

Leave a comment

Got a smartphone and one minute? Apply for life insurance!

How easy is it to compare price quotes and apply for life insurance? A lot easier than you think. In fact, we at CEG Life Insurance Services have made it so easy that you can literally pull out your smartphone wherever you are, instantly compare the five lowest prices for life insurance (according to your specific information), and request an application, all in less than sixty seconds.

Our new mobile website is specifically designed to work with your smartphone to make it easier than ever to get life insurance. Are you sitting in a waiting room at your doctor’s or dentist’s office? Apply for life insurance! Riding a bus to work? Apply for life insurance! Stuck in a boring meeting? Apply for life insurance! Out on a date with your spouse (and he or she is in the bathroom)? Apply for life insurance!

Finally, with just a smartphone and one spare minute, you can get started on what you have been meaning to do but never got around to. So, next time you have a spare minute pull out your smartphone – and apply for life insurance!

Leave a comment

What Life Insurance Means to Our Nation

While many people know the value and importance of life insurance in the family economy, not many know the important role that life insurance plays in our nation’s economy. During Life Insurance Awareness Month 2014, take two minutes to watch the below video and become aware of how important life insurance is not only to your family but to our nation.

Leave a comment

What Can You Buy for One Dollar?

We will often spend a dollar on many things of little importance, without giving it a second thought. Why not take a second thought and spend one dollar a day on something that can be of great importance for years to come. For one dollar or less each day you can provide financial protection for your family and loved ones with a life insurance policy. Take a couple seconds to think about that now, so you don’t have to take any time worrying about it later.

Leave a comment

Do You Have an Income Protection Plan?

There is nothing more valuable to your family’s financial security than yourself and your ability to produce an income.

When your ability to produce an income is eliminated by death, disability, and/or retirement, without proper planning your family will not only have lost immediate income, but quite possibly financial security for years to come.

Financial planning for these events is most effectively accomplished using life insurance, disability insurance, long term care insurance, and retirement insurance (annuity) products. These products are the most important financial planning products available because they protect your income from being eliminated, by guaranteeing a brand new income source at the precise time your ability to produce an income is lost. While often referred to simply as “Insurance Planning”, this term could be a disservice to the general public as it may not properly emphasize the critical purpose of this aspect of financial planning. Perhaps a better term for this type of planning is “Income Protection Planning”, for that is the real purpose of it.

While not as exciting as planning for “income growth” using stocks, bonds, mutual funds, and other investment instruments, income protection planning should take precedence in any financial plan. It is preparing for events that, when they occur, can have an absolutely devastating effect on family finances – possibly resulting in financial (and family) problems for generations to come. Once again, products such as life insurance, disability insurance, long term care insurance, and annuities, are still the most effective way to guarantee that an income continues to come to your family when your ability to produce an income stops.

Do you have an income protection plan?

Leave a comment

Life Insurance Enters the Digital Age

Let’s face it, life insurance as a product is old—literally. In fact, many life insurance companies are well over 100 years old. Additionally, life insurance is in large part sold by older-age agents to older-age clients. Furthermore, they usually use old methods such as twenty-page paper applications signed at the kitchen (or office) table with a pen. The applicant then ends up having to wait through an outdated process which includes phone calls, waiting, medical records, waiting, the post office, waiting, and most of all lots of waiting.

Knowing this, it is no wonder that the number of individuals who own life insurance (to say nothing of a sufficient amount of life insurance), as well as the number of those who sell life insurance as agents, are at record lows. This probably has very little to do with the product itself (which is needed as much now as ever before), but is more likely related to how it is marketed, how it is sold, and how it is purchased. Unfortunately, these methods seem to be as old as the insurance companies themselves.

However, innovation finally seems to be invading the life insurance industry and is pushing it (despite some kicking and screaming) into the digital age. After nearly two decades of the internet changing the way we do business in general, the life insurance industry is finally more fully incorporating technology to make the process of getting life insurance quicker, easier, and more automated. Here are just a few of these innovations:

1. Online quote engines that allow you to comparison-shop numerous insurance companies’ products in one place.
2. Calculators to help you determine how much life insurance you really need.
3. Online health analyzers to determine what insurance rate you are likely to qualify for.
4. Online applications that allow you to skip twenty-page paper applications that you have to sign in ten different places and then snail-mail through the post office just to start the process.
5. Companies that allow you to get up to $1 million of life insurance without taking a medical exam (dependent on age and health history).
6. Policies that are delivered electronically.

All these innovations have made it possible for someone to apply for life insurance in their own home and then have a policy delivered to them as quickly as one week later—without ever having to make an appointment with an insurance agent, hand-sign an application, or give a blood sample.

Additionally, not only has the process become easier, but the products are becoming better as well. Some life insurance policies now have disability benefits, long term care benefits, and/or critical illness benefits all packaged into one policy – combining all these essential financial planning tools into one product.

Yes, it may have taken us awhile to figure out what the internet can do for our business, and we still aren’t on the level of Amazon and Google in terms of efficiency or being on the cutting-edge (let alone being “fun”), but the life insurance industry has finally entered the digital age. And, of course, when it comes to financial protection for you and your family, life insurance itself never gets old.

Leave a comment