No one likes to think about “what if?” But bad things happen to good people every day. Death is part of life. That’s why life insurance is such an important coverage to offer your organization’s membership or customer base. It can help you foster loyalty and retention and add an important element to your benefits program.
Life insurance can provide peace of mind for your members and their loved ones. Here are some things your members should keep in mind about life insurance:
- Most people don’t have enough life insurance (or any life insurance at all). Those who are still working need to determine how much money their family would need to replace their income. They should also include the balance left on a mortgage and future college savings for their children. The goal is to make sure loved ones can remain in the family home and not have to make drastic lifestyle changes.
- It’s a key way to be ready for the unexpected. If there’s one thing a global pandemic has helped us realize, it’s that anything can happen.
- Make sure the right beneficiaries are selected and updated over time. In most cases that would be the person’s spouse. However, sometimes an adult child, sibling, companion or other trusted person might be appropriate.
- There’s no time like the present to get life insurance. When it comes to life insurance, getting it earlier than later is often better. Rates tend to be lower for younger people, rising as the insured ages.
IMAC has provided insurance, marketing and administration services for financial institutions, associations, and other affinity groups across the country. Whether for customer loyalty and retention or a membership benefit, we can find the right product for your organization’s needs while helping you grow your revenue. Let’s talk about how we can help your organization succeed! Visit us online today here