Buying life insurance during a slow economy

Services for Real Estate Pros with John Tooley Insurance Agency

When someone looks at their budget these days they immediately start looking for things that can easily be eliminated.  This is a good practice to do from time to time, regardless of the economy.  A slow economy is a good time to look at life insurance because you are assessing your costs and liabilities critically.  When doing this it is simple to identify what your needs are if an income were to cease due to a death in the family.

Additionally a market time like this helps you assess how much you should really be depending on that group life at work.  Can you really control whether that job and group offering will be there tomorrow?  Also you need to ask yourself whether you really plan on working until the day you die in order to keep that group offering in place.

Owning a personal policy can accomplish an uninterupted plan to account for each of these.  Term plans with conversion options can often times make coverages affordable even on a tight budget, while protecting ones insurability and liabilities they have as a family.


Comments (3)

Sacramento Grapevine
SacramentoGrapevine - Roseville, CA


Aug 26, 2008 02:50 AM
Rick Trowe
Cerium Learning - Tulsa, OK
Go With Trowe

I thougth AR included businesses that came in contact with Realtors? Part of the closing process is obtaining hazzard insurance - WHICH REQUIRES A LICENSED INSURANCE AGENT. A professional insurance agent is doing his/her job when discussing life insurance.

Great idea John. Keep up the good work and keep blogging. 

Aug 26, 2008 02:56 AM
Bob Haywood
McGraw Realtors - Owasso, OK


Good information.  How about expanding your post by telling us self insured people how to make sure we can have income if we get hurt or injured or sick...

Aug 26, 2008 10:03 AM