The Average cost of Life in America Today

Here are some costs (average) for living that many of us face on a month to month basis:

Looking at these national average numbers, here's some questions to ask yourself:
  1. Are my costs similar, more, or less than the average?
  2. Are there any costs I could eliminate?
  3. If I were no longer around to contribute income to these costs, what would my family need to do pay these bills?
  4. Is $26 per month (a mere 0.47% of this bill) too much to pay to make sure my family isn't financially devastated by my passing?
Too often have I seen individuals drop their life insurance during difficult financial times. Wouldn't it be better to do without a cell phone or internet for a short time or even cut back on the food bill until things turn around than to leave your family financially vulnerable? 

The $26 per month (less than $1 per day) shown would provide an average of $500,000 of coverage. Some quick math tells us that this amount would allow the family to continue their current lifestyle for at least 10.4 years*! That's 10.4 years to recover from a traumatic loss, gain education, find other sources of income, etc., all with out serious financial pressures.

NEVER drop your insurance during difficult financial times. It should be a priority! It is THE firm foundation of a solid financial plan. It's the safety net for your family. Drop other things, find work-arounds, sell stuff on eBay, do whatever it takes to keep your insurance in-force. Murphy's Law is a law not a theory! I've seen it happen, wept with the families, and sadly, donated to their crowd-funding account to help in some little way.

Are you uninsured or underinsured? How much coverage should you have?
Use the calculator here! At that link you can also get a free, no-obligation, no harassment quote (I promise)!

*10.4 years ($5,534 (total amount) - $1516 (a family would most likely not be paying both rent and mortgage) = $4018. $500,000/$4018 =124.44 months/12 = 10.37 years. If the $500,000 were invested from the beginning this time frame could be extended tremendously.

Reach out to me at any time with questions!

Full Disclosure: I am a Life Insurance Agent for The Catholic Order of Foresters, Catholic Financial Life, Stewardship Financial Group, and a Development Officer with The Catholic Foundation.

Let's start a conversation about insuring your love!

Phone: 740-324-0702

"When considering purchasing Life Insurance from an agent - service, knowledge, and reputation is just as important price." 


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