Persuasive Essay On Life Insurance

For many people their first experience with buying life insurance comes from someone else they know doing the same. However, most people do not buy life insurance, it is sold to them. As a person gets older, starts a family, and began a business, people realize that life insurance is indispensable and fundamental to a good financial plan. Over the years, life insurance allows people to have money that would be available to protect their families and an estate in a number of ways. Three out of 10 Americans do not feel they have enough life insurance coverage. Life insurance can be extremely expensive, but it can also be surprisingly inexpensive. The right ages are key in buying life insurance. People in their twenties will not buy life insurance

With long-term disability, your income is protected while you are still alive. If you were to become seriously ill and your new disability prevents you from working and earning an income, a long-term disability policy will make benefit payments directly to you while you are unable to work. The accelerated death benefit rider allows you, as the policyholder, to use all or a portion of the policy death benefit for various expenses in the event you are diagnosed with a chronic, disabling, or terminal illness. With a life insurance policy, the death benefit is paid to your beneficiaries to help replace some of your lost income upon your death. Life insurance does not cover long-term disability because for the death benefit to be paid, the policy holder must be deceased. During a period of disability, it may become difficult to keep a life insurance policy in force. If you were to become disabled, not able to work, and couldn't afford to pay your life insurance premiums, the waiver of premium rider could allow you to stop making your premium payments while continuing to keep your policy in force until you are able to return to work fulltime. Your life insurance policy remains in force - just as if you were making premium payments yourself (“Will my life insurance cover long-term