MBA Insurance Consultants

FACT:
American insurers issued a total of $7,366,765 million worth of group policies in 2018. This number represents a 1.7% decrease since 2008. It seems fewer Americans believe that group policies are the best life insurance option for them.

Don’t get left behind. Choose a policy today!

Visit our website to learn more at
http://mbainsuranceconsultants.com/

FACT:
The US insurance market is highly competitive. Even so, companies are extremely strict about who does and doesn’t qualify. Those with chronic illnesses battle to get cover. Those with a terminal or critical illness will not get cover either. Illegal immigrants might also battle to get life insurance.

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http://mbainsuranceconsultants.com/

Only 6 out of 10 Americans have life insurance.

Just 3 out of 10 are adequately insured. Essentially that means that 7 out of 10 American families will struggle after the death of the insured because there’s not enough money to settle all debts, funeral costs, and so on.

Visit our website to learn more at
http://mbainsuranceconsultants.com/

We often see life insurance as a grudge purchase. You know that at one point or another, it will payout. The problem is that you could easily pay premiums for thirty or forty years before you die. So, you might be asking yourself if it’s worth it.

The short answer is yes.

Why? 🤔

Let’s assume that you’re paying $100 per month. The average payout at this level for a healthy person in their 30s is $250,000.
Let’s say that you decide to save $100 per month instead.

Assuming an interest rate of 2%, with interest reinvested, after thirty years, you’d have $49,536.78.

Life insurance facts for 2020 show that your insurer pays out a lot more than you’d earn by saving that money. 👍

🌐 Visit our website to learn more at
http://mbainsuranceconsultants.com/

If you die, what happens to your family? If you’ve got insurance, you probably think they’re covered. After all, 57% of us have life insurance.

You might be very wrong.

Almost 40% of Americans will leave their families in financial distress when they die.

It’s not because they haven’t made provisions either. It’s more likely because 70% of us with life insurance are underinsured.
Are you one of them?

Visit our website to learn more at
http://mbainsuranceconsultants.com/

Before you accept the responsibilities of taking on a mortgage that spans several decades, there’s an option you might consider to protect the home from foreclosure in case you’re not able to make the monthly mortgage payments.

Mortgage protection insurance (MPI) protects homeowners if a health issue arises and they become disabled, or a job loss is lengthy. In the worst-case scenario, this type of coverage can pay off the balance of the mortgage if the borrower dies.

Visit our website to learn more at
http://mbainsuranceconsultants.com/

Not many persons have the right insurance or any at all.

If you have dependents who rely on you, it is time to consider your options. 👩‍👧‍👧

This is even more paramount in the present COVID pandemic.

Here are the top three reasons for owning life insurance now:

1. Cover burial and final expenses 👍
2. Help replace lost wages of a wage earner, and 💰
3. Transfer wealth or leave an inheritance. 🤑

If you need help with selecting the right Life Insurance plan, please send us a message ✍

🌐 Visit our website to learn more at
http://mbainsuranceconsultants.com/

This year the COVID-19 pandemic has raised the awareness of the fragility of life and how precarious financial stability can be. Although people generally recognize the value of life insurance, LIMRA research shows 46% of Americans are uninsured, and many more do not have enough coverage. Before the pandemic, nearly 1 in 3 families said they would face financial challenges within a month if the primary wage earner died.

Comment below or send us a message if you would like to find out about a Life Insurance policy for you

Life insurance is something most of us agree we need but don’t buy, according to research.

The insurance and financial services industry research group LIMRA reported in 2013 that 30% of U.S. households had no life insurance at all, and an additional 26% had only group insurance (typically offered through employers, and often less than people need).

Meanwhile, half of U.S. households said they needed more life insurance, but only 8% said they were very likely or extremely likely to buy it the next year.

Why is that? 🤔

✍ Comment below if you have any questions or concepts on Life Insurance.

FACT:
Four in ten U.S. consumers say they don't know how much or what type of Life Insurance to buy. Nearly one-quarter of them think they will not qualify for coverage

This is an alarming statistics.

Now is the time to secure your future. 👍

No more waiting 😉

📝Send us a message today to get started or visit our website.