Getting married? Add life insurance to your to-do list.

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I trust this email finds you well. I'd like to let you know that we provide fast life insurance quotes for every budget and every family! 100% online. No medical exams or blood tests, just answer a few health questions online. Get same-day coverage on affordable policies from our top-rated carriers in minutes via LMC’s digital platform. It’s a simple thing.

Getting married?

Add life insurance

to your to-do list.

It’s an exciting time in your life, and it’s also something

that requires planning. As you prepare for your future

together, you should also prepare for any unexpected

situations that will affect you both.Text Link

Now is the best time to take action.

Even if you don’t have kids, a mortgage, or other large expenses yet, insurance can protect

against future unknowns. If you don’t think you need life insurance today, chances are there

will come a time when you will need it. Consider life insurance today because

Your rates are at their lowest.

Rates for all types of life insurance increase significantly as we age, so there is no better time to buy life insurance than today. The rate you lock in today will stay with you through the length of your term life insurance policy, which could save you money in the long run.

You’re likely in better health.

If your health worsens or you develop a chronic illness, the cost of purchasing life insurance may become too high, and you may even become uninsurable. If you already have a life insurance policy in place; if you become ill and you keep paying the premiums, you’ll be insured while the policy is active and in force, no matter how your health condition progresses during the policy term.

It’s not just for your spouse.

If you are responsible for the financial needs of anyone outside your household, you may need to provide a benefit for them as well. Don’t overlook elderly or disabled parents, nieces and nephews, or friends who depend on your financial support.

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Do both partners need life insurance?

Life insurance can serve as a form of income replacement; so if one partner is the primary

earner, do both really need it? The answer may be “Yes.” Consider each partner’s debt, financial responsibilities, and what would happen if they weren’t around. This is especially important for parents. Non-working parents provide economic value that can be difficult to quantify, but the expenses around childcare, cooking, cleaning, and other household duties should be considered. To determine how much life insurance to purchase for each spouse, calculate the potential financial impact that a death would cause for the other. How much money would it take for each of you and your potential family to be secure?

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What if you have life insurance through work?

Your employer may offer life insurance as part of their benefits package, but it isn’t usually enough to cover major expenses. Most employer-sponsored policies equal to 1 – 2X your annual salary, but many financial experts recommend having about 10X that. Solely relying on employer-sponsored coverage may result in a coverage gap that would leave your loved ones unprotected in the event of your passing. And if you leave the company, your employer-sponsored life insurance might not stay with you. This is why many people purchase a personal term life insurance policy to supplement the coverage you receive through work

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Your life insurance options.

There are two broad categories of life insurance: individual and joint. When choosing between

different policies, consider how long you want coverage, the purpose of the coverage, and how

much you want to pay.xt Link

Individual policies.

As the name suggests, individual policies insure an individual. Term and permanent are the two most common types of individual life insurance.

Term life insurance.

Term life insurance is often the most affordable and straightforward option. It provides coverage for a set period or “term” (typically 10–30 years) and is designed to protect your dependents during that term. If you pass away during the term period, your beneficiaries receive a lump-sum payment referred to as the “death benefit” to cover expenses or income loss related to your passing. If you pass away outside of the term

period, no benefits are paid.

Permanent life insurance.

Permanent insurance can be more complicated than term, and it offers different benefits. There are many types of permanent

insurance. Whole life is the most well-known form of permanent life insurance that lasts for the entirety of your life or to policy maturity, and a payout is often guaranteed at the time of death. Some of the money paid into the policy is typically set aside to build “cash value,” which can increase the death benefit or be accessed on a tax-free basis with a policy loan.

Joint policies.

Joint policies insure more than one person, typically a married couple. Read on about the two most common types of joint life insurance.

First-to-die.

If a spouse were to pass away, a first-to-die policy generally pays a benefit to the surviving spouse, and the policy terminates

after the benefit is paid out. This option assumes that the surviving spouse no longer needs life insurance. Depending

on many factors, first-to-die coverage may or may not be less expensive than individual life policies.

Second-to-die.

Second-to-die life insurance usually pays a benefit to the beneficiary after both insureds in the marriage pass away. This option assumes that the surviving spouse will not need a death benefit paid out in their lifetime.

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Sincerely,

Luciano Cuneo

President

LMC Alternative Business Capital

Phone: 305-600-3372

Fax: 305-395-5020

Email: info@lmcalternativecapital.com

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