What does $9.95 buy in 2019?

By Marc Manor

I was thinking of what I subject I should tackle on this blog and just like a gift from

heaven above, it fell right into my lap.  The TV was on and I heard a familiar celebrity

making a pitch for Life Insurance. His contention was that “price” was the most

important aspect of this guaranteed issue Life Insurance product for which you

“could not be turned down.”  Every example he gave came with a monthly premium

of only $9.95.

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I thought this would be a good subject

because, I have had many people trying

to get Life Insurance to cover final

expenses and they are shocked when

I tell them what their monthly premium

would be for $10,000 to $20,000 of

insurance.  Some will say, “I think I’ll

look elsewhere. Mr. Celebrity said

I could get insured for only $9.95”. So, I

decided to run a quote on their website

to see what $9.95 would buy me (using

my age and zip code) to protect my

family in the event of my demise:

$1,214.00 of insurance!  Yes, I would

only have to pay $9.95 but how far would

that $1,214 go?

Let’s take a look at average funeral expenses

according to the National Funeral Directors Association (NFDA) for 2017:

Leaving behind calm instead of chaos

By Marc Manor

Most days for me as an insurance professional are very satisfying.  I meet new people and help them get the most out of every healthcare dollar.  These people have great stories and because many of them are seniors, they have contributed so much to our American experience; our elders are truly “the greatest generation”.  I have always admired the work ethic and family devotion I observe in many of the seniors I work with.  Their stories are fascinating, and I love to hear them tell of their life and times.  It saddens me greatly when one of our senior clients pass on; but it motivates me even more to do more to make sure their families are cared for in accordance with their wishes.  

Courtesy Pexels.com

When this happens, I sometimes get calls from the family members trying to tie up loose ends with unpaid hospital bills and insurance claims they don’t fully understand.  I can sense their despair and frustration when trying to gather information and make countless phone calls as they try to piece together all their loved one’s affairs.  I help them as much as possible, but it never feels like enough. 

Communicate and don’t procrastinate!