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Why you should purchase Life Insurance for your Children

This photo was taken of my son Andrew when he was two years old. We had a family friend, who is also a talented photographer, come to our house to take these photos of our family.

Why?

Because this was the day before my son was going to start chemotherapy for a cancer that he developed at 18 months of age. And my wife and I wanted photos of our son “before” chemo.

Six years later, our son is doing amazingly well. He is thriving and we are beyond grateful.

But, because of his illness, he will (most likely) never be able to have a Life Insurance policy as an adult to help protect his loved ones. As an insurance agent, I wish I had of properly protected him with the gift of a Life Insurance policy when he first came into this world. But, you know, hindsight is 20/20…

Because of this life altering experience, I am now a strong advocate that parents should purchase life insurance policies for their children at a very early age.

Reason #1 – A life insurance policy provides money for the funeral and other expenses that would occur in the tragic event of a child’s death. In addition, there would be funds for family counseling and medical bills, as well as money that is necessary for the family to get by if the parents decide to take a leave from work.

Reason #2 – It allows a child to be able to qualify for life insurance later in as an adult. Many people don’t know this, but a child who develops a medical problem early in life can have issues qualifying for coverage as an adult. If you purchase life insurance for your child now, you are guaranteeing the child has some coverage and can purchase more life insurance when they reach adulthood, regardless of their health status.

Reason #3 – There is also a savings component of a permanent life insurance policy, called cash value, which grows tax-deferred. The policy owner can borrow against the cash value or surrender the policy for the money (less a possible surrender fee). The cash could be used for anything, including college expenses. A whole life insurance policy guarantees a certain percentage return on the cash value and compares well with other conservative savings vehicles like CDs.

The policy that I normally recommend is a permanent life insurance policy, such as whole life. These policies are generally for smaller face amounts ($50,000 or less). This type of permanent life insurance policy provides coverage for your child’s entire life and includes a savings account that gradually builds value over time. As a result, the premiums are usually more affordable that a term life insurance policy.

I always tell my customers, friends — really anyone that will listen — that life insurance gives you options. The more life insurance you purchase, the more options you have.

So, you can rest easy with financial security. And, really, there is nothing more precious than your family’s security. That is why having the right amount of life insurance – for both you and your children – is so important. A good life insurance policy can offer you peace of mind and be the cornerstone of your individual financial plan for the future.

Let me help you.

Langlois Insurance Agency specializes in life insurance, mainly because I strongly believe that it is so important. I can help you select the right amount of life insurance benefits to ensure your family is properly protected…and will do it at a premium that you can afford and are comfortable with.

Please don’t hesitate to contact me at #815-485-2107 with any questions about Life Insurance. I always love to hear from my customers!

Warmest Regards,

Matt Langlois

Honor Flight Network Sponsorship

Langlois Insurance Agency is excited to partner with Pekin Insurance to raise money for the Honor Flight Network. We will honor those who served in the military by supporting the Honor Flight Network, which was created solely to honor American veterans for all their sacrifices. Our hero veterans are transported to Washington, DC to visit and reflect at their memorials. It is a small tribute to those who gave so much – a memorable, safe, and rewarding Tour of Honor.

All of us at Langlois Insurance Agency feel that this is an incredible opportunity to express our gratitude and admiration for our troops who so valiantly served our country. Over the past year, Pekin Insurance has donated more than $100,000 to the Honor Flight Network.

So, how can you help us raise this money? It’s simple.

For every life insurance application that is submitted by Langlois Insurance Agency through mid-December, monetary funds will be donated to the Honor Flight program.

The Honor Flight Network has established an aggressive goal. Through the end of 2017, they transported more than 200,000 veterans to Washington, DC to see their memorials.  Due to the senior age of our heroes, and the prediction that we are losing approximately 800 of these heroes daily, the Honor Flight Network is committed to doing all within its power to make a veteran’s dream a reality.

So, if you have been thinking of purchase life insurance for you or a loved one, now is the perfect time to submit an application.  As always, please don’t hesitate to call me with any questions or comments.  I always love to hear from my customers.

Warmest Regards,

Matt Langlois

Langlois Insurance Agency

Debunking Some of the Most Common Myths About Life Insurance

Most of us don’t like to think about what happens when we die, it’s important to prepare ourselves and our loved ones whether we like it or not. Having life insurance on your side can only help for when the time comes, but there are some myths and fears about the plan that may deter people away from it. To clear up any confusion, we have debunked some of the most common myths about life insurance. The truth might surprise you!

 

Myth 1: It Costs Too Much

It is very understandable that when looking into investing in insurance, you don’t want it to cost you an arm and leg. While the coverage is important to have, you want it to fit comfortably into your budget. One of the main reasons people turn down life insurance is this belief that it’s too expensive, but that is not necessarily the case. According to a study performed by Life Happens, approximately 80% of people misjudge how costly life insurance truly is. In fact, plans such as term life insurance are more affordable than you might think. Plus, you can always change or add coverages to your plan over time. If you’re on a budget, please give anyone at Langlois Insurance Agency a call to see what plan works best for you.

 

Myth 2: It’s Unnecessary If You Are Young and Healthy

There are many factors that go into how much your life insurance will cost, including your age and health. While many think that being young and healthy means you don’t need life insurance, it’s actually not true. Chances are you will need life insurance down the road when you are older and your health has changed. If you wait until then, your life insurance premium will be higher than when you were young and healthy. It’s best to go ahead and purchase life insurance so you don’t have to worry about major expenses later on. Take advantage of this part of your life so if you are not in good condition later, you don’t have to pay for it.

 

Myth 3: It’s Not Available to Those Who Have Health Problems

As stated before, your health does influence the cost of life insurance. While you may be paying more on life insurance for serious health problems, this does not mean it’s not available at all. However, it is true that if you have a terminal illness, some coverages may not be available. In any case, it would be wise to speak with us about your options when your health changes so you receive the best coverage for the right price.

 

Myth 4: It’s Not Available for Older People Either

While it’s true that health typically declines as you get older, this still does not mean life insurance isn’t available for the elderly. In fact, there are important coverages available such as final expense which can help with funeral and burial costs. While we may not like to think about this stage of life, it cannot be ignored. Therefore, the elderly are able to have life insurance available even in their final moments to help after they are gone.

 

Myth 5: Single People Don’t Need It

While it is true that life insurance is beneficial to those who have others depending on them, such as children or their spouse, that doesn’t mean single people don’t need life insurance at all. In the event that you are single and pass away, you can still be left with debt from loans that were previously drawn out. The expenses will be transferred to co-signers or immediate family to take care of which is the last thing that needs to happen after losing a loved one. However with life insurance, you don’t have to worry about anyone taking on your debt after you are gone. Life insurance will also handle any burial and funeral expenses so the family can properly grieve. Also, keep in mind that plans change throughout time. So while you may be single now, that doesn’t mean it is a permanent deal. In the event that you may have children in the future or get married, having life insurance now can benefit you later.

 

Myth 6: All You Need is Your Work’s Life Insurance Plan

While it is great to accept life insurance through your work, keep in mind that it is not transferable when or if you leave for another job. If you have your own life insurance account not through your work, you don’t have to worry about the possibility of not being insured when something changes.

 

If you have any questions about how life insurance works or what plan works best for you, please don’t hesitate to give me a call at #815-485-2106.  I always love to hear from my customers!

Warmest Regards,

Matt Langlois

Why I feel so strongly about Life Insurance

I am often asked why I feel so strongly about life insurance. For me, that’s an easy answer to a seemingly complication question.

This is my “why”.

I want to provide for these three in the event that something happens to me prematurely. If my children determine that college is the path that they want to take, I want it to be a feasible option for them even if I’m not around. If a medical emergency arises, I want to make certain that our health insurance is paid in full. If my son wants to play on the travel team for baseball, I want to ensure that there is enough money in the bank to cover this expense.

This is my “why”.

Although my wife works, if something did happen to me, I want to make certain that any and all expenses are covered. I don’t want her to struggle with funeral costs, bills, and the thousand-and-one expenses that seem to pop up on a monthly basis. I know that I can address these concerns by buying enough life insurance.
These are my “whys”.

What are your “whys”?

I always tell my customers, friends — really anyone that will listen — that life insurance gives your survivors options. The more life insurance you purchase, the more options your survivors have.

So, you can rest easy with financial security. And, really, there is nothing more precious than your family’s security. That is why having the right amount of life insurance is so important. A good life insurance policy can offer you peace of mind and be the cornerstone of your individual financial plan for the future.

But, if you’re like most people, you don’t know what life insurance plan is right for you. Do you need a whole life insurance plan? What about a universal life policy? Or maybe term life insurance fits your needs best?

Let me help you.

Langlois Insurance Agency specializes in life insurance, mainly because I strongly believe that it is so important. I can help you select the right amount of life insurance benefits to ensure your family is properly protected…and will do it at a premium that you can afford and are comfortable with.

What is your “why”?

Sincerely,

Matt Langlois

Langlois Insurance Agency

What are my Life Insurance Options?

I recently checked an item off my bucket list while vacationing with my family.

While I was soaring above the ocean with my lovely daughter, I felt so grateful for this beautiful life God has granted to me.

And, as we ascended higher into the sky, my thoughts turned to how I can always have my family protected. What other items can I add to my bucket list that will keep them safe and secure in the event that something happens to me prematurely?

Having sufficient Life Insurance coverage was the answer.

If my children determine that college is the path that they want to take, I want it to be a feasible option for them even if I’m not around. If a medical emergency arises, I want to make certain that our Health Insurance is paid in full. If my son wants to play on the travel team for baseball, I want to ensure that there is enough money in the bank to cover this expense.

Life Insurance. This is my ultimate “bucket list” item.

So, what Life Insurance options are available?

Whatever your situation – buying Life Insurance for the first time, nearing retirement, or looking to insure your children – Langlois Insurance Agency can provide protection for those you love. Just look at the many options we can help you explore:

Universal Life Insurance – Highly competitive and flexible with guaranteed death benefits and strong cash accumulation. Protection for your family, business, and everything else that is important to you. You can customize this coverage with valuable riders like Long Term Care, and more.

Term Life Insurance to 95+ – Guaranteed level Term Life Insurance features your choice of level death benefit term periods with guaranteed level premiums for 10, 15, 20 or 30 years and coverage expiring at age 95.

Preferred Whole Life Insurance – Fully guaranteed traditional Whole Life Insurance plan with five premium options. A Long Term Care Rider can be added to your policy so you won’t be dependent on your family to take care of you should you need Long Term Care in your later years.

Simplified Issue Whole Life Insurance – Traditional Whole Life Insurance plan with five premium options. Guaranteed cash values and premiums. As long as you are not confined to hospice or a hospital and are not terminally ill, you can be accepted into this plan.

Graded Death Benefit Whole Life Insurance – Traditional Whole Life Insurance plan with four premium options.

Transitional Life Insurance – A brand new concept in Life Insurance. Providing a high-level Life Insurance benefit during the years you need it the most, and ending with a guaranteed, paid-up policy that will be there for the rest of your life.

Single Premium Whole Life Insurance – What to increase the legacy you leave to your children or grandchildren? The death benefit is tax-free too.

Funeral Preplanning – Preplanning a funeral can offer family members peace of mind.

Credit Insurance & Debt Protection – This coverage can eliminate the worry associated with making your loan payments when those unexpected events occur that could cause a financial hardship to your family.

If you’re like most of us, you don’t know which of the above Life Insurance plan(s) is right for you.

Let me help you.

Langlois Insurance Agency specializes in Life Insurance, mainly because we strongly believe that it is so important. I can help you select the right amount of Life Insurance benefits to ensure your family is properly protected…and will do it at a premium that you can afford and are comfortable with.

As always, please don’t hesitate to contact any of us at Langlois Insurance Agency with any questions or comments.

We always love to hear from our customers!

Sincerely,
Matt Langlois

matt@langloisinsurance.com