Protecting your income is the foundation of any solid financial plan. I believe you need an agent that can help you build that foundation.

Life Insurance

Life is irreplaceable, whether it’s the life of your spouse, the life of a child, the life of a parent, or your own life. Should you lose a loved one, it's important that your family is prepared. Failure to put a life insurance policy into place simply makes a time of grief and loss even more unbearable due to financial strain. Concerned about the cost? Compass Insurance Group can help you find a policy that will fit your budget. Protect your family’s financial future with a life insurance policy.

Disability Insurance

It’s about four times more likely that you or a family member will experience disability than an untimely death - in other words, it’s just as important for the income earners in your family to put a disability insurance policy in place as it is to incorporate a life insurance policy. Disability insurance replaces a large portion of your income even if you are no longer able to work. Disability insurance will protect your family in the event that you’re unable to support them, offering a financial safety net.

"CIG is one of the few agencies that I can trust to give me the straight answers that I need when it comes to insurance. They absolutely do the right thing, and will recommend someone else if they can't get it done right themselves. They also maintain an up to date knowledge of the industry and what's happening. I highly recommend Compass Insurance Group." - Dean Heasley

Why Should You Seek Life Insurance Coverage?

The loss of a loved one can be devastating in a variety of ways - emotionally, psychologically, and financially. Knowing that your family is financially secure can offer you and them peace of mind, and when the worst occurs, they will have the fiscal safety net of a life insurance policy to help them continue their lifestyle unimpeded by crushing debt.

When Do You Need to Get Life Insurance?

Unfortunately, death is inevitable, and you won’t know when it will strike. The sooner you begin to plan for the future, the more secure your family will be in the long run. While many people start to think about life insurance coverage in their late 50s and early 60s, that’s really not the optimal time to seek life insurance. At that point, life insurance can be prohibitively expensive, particularly for older adults who are living on a fixed income.

Instead, we encourage you to purchase a policy while it’s still relatively affordable. The younger you are, the less expensive your coverage will be— as you get older, the premiums will grow, due in large part to the fact that you’re likely to be that much closer to needing to cash out the policy.

That said, if you are “of a certain age,” it doesn’t mean that you SHOULDN’T have life insurance. It simply means that you’ll probably have to reconfigure your budget to accommodate this important coverage or you won’t have as much coverage as you might have gotten if you’d gotten an earlier start.

You spend your life building a financial legacy you can pass down.

From a big picture standpoint, insurance creates a foundation on which families can build their future. Today, most families rely upon two incomes. Should one of those incomes be taken away due to death or disability, it can be financially ruinous to those left behind. Compass Insurance Group can help you make sure that your family’s finances are not dramatically impacted in the event of a catastrophe.

Is Life Insurance the Only Protection You Need?

In a word?  No.

In fact, disability insurance is the one of the most important additions to any family’s financial plan. Statistically, the average person is roughly four times more likely to become disabled than to suffer an untimely death. Disability can be just as debilitating to your family’s finances as death, if not more so. If your household’s primary earner is unable to work, can your family continue to live in your home, drive the car you drive, or generally enjoy your current lifestyle?

Another consideration to factor in is the enormous medical bills that so often come hand-in-hand with a disability. Many forms of disability are accompanied by crushing medical debt, which can make an already bad situation significantly worse.

Like life insurance, disability coverage is less expensive when it’s purchased earlier in your life. Rather than struggle to pay for this very important insurance when you’re ready to retire, make it a priority while it’s an affordable line item in your budget.

Can You Afford Life and Disability Insurance?

Prioritizing your family’s fiscal health is one of the ways you show your love for them. While you might be concerned that you can’t afford to obtain the coverage you need, take a moment and think about what would happen if you DON’T have coverage and the worst occurs.

The sooner you take the steps to acquire coverage that will protect you and your family, the better you’ll rest. You can live your life to the fullest, knowing that regardless of what happens, you and your family have control of your finances should there be a catastrophe.

We like to speak about affording life and disability insurance this way: If you have a $60,000 per year job and no coverage, meaning that  your family will be left with nothing should you become disabled or pass away, are you really better off than you’d be if you took home $56,000 per year, but you had complete life and disability coverage so that, should catastrophe occur, your family will be able to carry on?

If your answer is no, it’s important that you take the time to examine your current level of coverage.

Bottom line - talk to us. We here at Compass Insurance Group can help you form a financial plan that’s both sustainable and secure. You and your family deserve to relax, knowing that the future is safe, regardless of what it might hold.

Not sure what you need?

Why not visit our contact page, we would love to chat with you!