Closing Out Life Insurance Awareness Month with Premier Financial Alliance


Did you know that September is Life Insurance Awareness month? If you didn’t know, you’re not alone. Millions of people across the country are unaware of this fact. An industry that has been around for over 200 years, life insurance is one of the most important financial planning assets that you should have in place to protect your loved ones when the time comes. What’s more alarming than people not knowing that Life Insurance Awareness Month exists is the amount of people who don’t think Life Insurance is important.

At Premier Financial Alliance, we are dedicated to helping people find the financial freedom they so desperately seek. This also includes planning for the future and whatever life may throw your way. To shed a little more light on life insurance and its necessity, Premier Financial Alliance reviews 3 key facts you absolutely need to know.

What is life insurance?
Many people believe life insurance is simply placing a monetary value on a person’s life. It’s not that at all. Life insurance is a policy between you and a life insurance policy. You pay into this policy for a predetermined amount set between you and the insurance company. Upon the time of your death, the death benefit is paid to your benefactors.

What are the two types?
There are two main categories of life insurance: term and permanent. These are broad terms used to describe the different types of life insurance available. Within each category, you have different types or levels of policies. Term life typically tends to be your least expensive tier of life insurance policies. Your premium is based upon your likelihood to die within a stated term. On the other hand, permanent life includes the same probability of death, but includes a savings tool (cash value) to keep the policy active. Premier Financial Alliance reviews universal life insurance policies with its customers, which falls under the permanent life category.

Why would you need it?
It’s simple. If you have anyone that depends on you, you need a life insurance policy. Spouse, children, even a business partner, you should consider a life insurance policy. The money from your life insurance to cover any of your funeral expenses and help make life easier for those you’ve left behind. It doesn’t matter your financial situation or lifestyle. Life insurance is necessary for everyone.

Though you can consider life insurance to be an investment into the welfare of your loved ones’ future, it’s not an actual investment. It is a risk management tool to help offset what can arise once you’ve passed on. For more topics that Premier Financial Alliance reviews, be sure to check back for more updates.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s