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The Jordan Insurance Group - Blog

With over 76 years of experience, The Jordan Insurance Group is an industry leader in Life Insurance strategies and Employee Benefits. We strive for excellence through our due diligence in selecting products to satisfy our clients’ needs with proven benefit designs and tax strategies. Our Team utilizes a diversified multi-level approach in preserving, protecting and growing wealth for our business and individual clients.

When is the Right Time to Buy Life Insurance?

William Jordan William Jordan , 12/26/2014
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No one wants to die prematurely, but disaster can strike and the last thing you want is to not have the right life insurance policy. Life insurance is important, especially if there are people who rely on you and your income.

How Life Insurance Can Help YouThe Jordan Insurance Group, MD, Life Insurance

Buying life insurance does not always make sense for everyone. Those who have no dependents and there are enough assets to cover costs, such as funeral and estate lawyer’s fees as well as their debts, insurance may not be one of their priorities. However, if you do have dependents and you are the primary provider of your family, for instance, and you have significant debts that your assets may not be able to cover, life insurance is something that you should be prepared to have.

When to Buy Life Insurance

If you are married, but you do not have children, life insurance is one thing you can put aside for now. The death of one spouse may not be catastrophic to the other financially. However, it could still be a strain. For instance, your spouse may not be able to afford the rent or mortgage with his or her income. Plus, you may also have credit card debt, for instance. In this case, you should buy life insurance right away. On the other hand, if you are married and you have children, this is a classic situation that requires life insurance. Basically, these people are dependent on you and your income, so life insurance is vital. Buying life insurance and determining when it is time to purchase can be difficult as these are decisions that require you to use both your emotions and logic. Combining your analysis and your sentiments can help you get the most appropriate policy for your needs and best of all, for your family.