FOR IMMEDIATE RELEASE CONTACT: Lehn & Vogt Insurance
941-698-8877
SEPTEMBER IS LIFE INSURANCE AWARENESS
MONTH – THE PERFECT TIME TO ENSURE YOUR INSURANCE PLANS ARE UP TO DATE
Local
Insurance Expert Recommends Putting a Financial Safety Net in Place
Englewood,
Florida – Sometimes life just happens. One day things can be going
smoothly, when the next, you’re thrown a curve ball. Since no one knows what
the future holds, taking steps to put a financial safety net in place will
provide you with peace of mind knowing you are prepared for when the unexpected
happens.
“Most of us are feeling some
sort of financial strain today, so it makes sense to examine our budgets and
look for ways to increase our savings whenever possible,” says Jeff Vogt, Partner with Lehn & Vogt Insurance in Englewood, FL. “However, life insurance
is one of the few guarantees that can ensure your family’s financial plans
remain on track. It is often overlooked, but should be the foundation on which any
financial plan is built.”
A recent study by the nonprofit LIFE
Foundation found that a majority of Americans (85%) agree that most people need
life insurance, yet 95 million adults today do not have coverage or the
financial safety net it provides. In fact, one third of all Americans (33%)
believe they do not have enough life insurance, including one quarter of those
who already own a policy.
“The simple rule of thumb is, if someone
depends on you financially you need life insurance,” says Vogt “Even if you have coverage now, it’s important to review your
policy at least once a year to ensure it still meets your needs and is enough
to protect your loved ones.”
September is Life Insurance
Awareness Month, making it the perfect time to take stock of your life
insurance needs and meet with a qualified financial or insurance advisor who
can walk you through your options.
To help you get started, Vogt offers three tips for evaluating
your life insurance needs:
- Step 1: Get a sense of
how much is right for you –
Determine how much money your family will need to cover immediate expenses
and how much they will need over the long-term to maintain their standard
of living or fund future plans, like college. To figure out the right amount
of coverage to fit your needs, begin by thinking about everyone who
depends on you financially, including your spouse, children, parents or
other loved ones. For help getting started, visit the insurance needs
calculator on the LIFE Foundation’s website at www.lifehappens.org/howmuch.
· Step 2: Educate yourself about the
different kinds available – Life insurance policies exist for
virtually every need and budget. Determining the type that suits you best
depends on a number of factors, such as how long you need coverage, how much
you can afford, how much risk you can tolerate and how much flexibility you
need. Explore the different types of life insurance available, including term
and permanent policies, by using the interactive product selector tool at www.lifehappens.org/whatkind.
· Step 3: Don’t go it alone –
Life insurance is one product where an expert’s opinion can make all the
difference. Once you’ve established some of the basics, work with an insurance
agent or other financial advisor you trust who can conduct a thorough needs
analysis to ensure that all of your needs will be met. One way to find a good
insurance agent is through recommendations from friends and family or other
professional advisors, such as attorneys.
“Life Insurance Awareness
Month is the ideal time for a life insurance review,” says Jeff Vogt. “I urge everyone to take a few minutes out of their busy
schedules this month to make sure they have adequate life insurance
protection.”
About Life Insurance Awareness Month
Held each September, Life
Insurance Awareness Month is an industry-wide effort that is coordinated by the
nonprofit LIFE Foundation. The campaign was created in response to growing
concern about the large number of Americans who lack adequate life insurance
protection. Roughly 95 million adult Americans have no life insurance, and most
of those who do have far less coverage than most financial experts recommend.
For more information on life insurance, visit LIFE’s website at www.lifehappens.org.
About Jeffrey Vogt, Lehn & Vogt
Insurance
www.lehnandvogt.com 941-698-8877
