|11/06/12 09:25AM||Bikers, Custom Bikes, Motorcycle Insurance, Motorcycle Marc, Motorcycle Safety|
Good Times Ahead?...Keep your loved ones rolling even when you are gone.
So many things in life are beyond our control. Yet, we want to do our very best to prepare for a great future both for ourselves and our loved ones.
As we motorcyclists know, riding on two wheels can be dangerous and not for the faint of heart...especially on the freeways and by-ways of southern California where I ride. This said, we love it and freely accept the risks. There is nothing like a good bike ride to clear your head and give you that sense of easy-riders freedom. Nothin' I tell yas.
You know the feeling...curve coming up. Twist that throttle.
At the end of the day however, it's not all about you and your "freedom" rides. If you are married for example, you have responsibility to your spouse. If you have children, you have REALLY BIG responsibilities. Your family depends on you both emotionally and financially so you best be prepared to have them cared for should you decide to ride to heaven (or hell)...whatever your individual case may be. Let's look at your options.
Ever wonder what happens to your loved ones when you are gone?
The mortgage continues to be due every month. The kids continue to need food, clothing and schooling. The car payments continue. Day care bills continue. College funds??? And, if your spouse stayed home to run the household...into the workforce she/he goes. Never mind having a custom built coffin specifically for you and your motorcycle!!! We don't like to think about it but accidents do happen.
Check out the statistics.
As you all know, I'm in the insurance business so statistics and probabilities are a big part of my life. Motorcyclists are 35 times more likely to experience a deadly accident on the road than those in a passenger car...no kidding! 11% of all roadway accidents in the USA involve motorcycles. Don't wear a helmet? You are 40% more likely to die of a head injury than a biker who does have a quality, approved helmet...and so on and so on. I won't bore you with the stats. You get the picture.
If you ride a motorcycle, it is simply irresponsible of you not to have Life Insurance.
Young people in their 20s and 30s get the best deal when it comes to protecting a sudden addition to the family, whether it be a spouse or a new baby. Monthly premium for a $500,000 benefit payment for example, can be had for as low as $20 per month or only $240 annually. How low cost is that?
Specific time period purchases (Term Life) are a good option when you are young.
Lookit! Times are tough for everybody. If you can afford a tank of gas for that scooter, you can afford life insurance. Your good health and young age (<40 years old) makes the life insurance purchase downright cheap. With term insurance polices, you lock in your payments for the time period selected. For example, 10 years, 20 years, 25 years. Say you are 30 years old and have family members who are dependent on you financially. In this case, you could purchase a 20 year policy. Your payments will be low and stay low until you reach the age of 50.
Duh! Before you die...is a very good time to buy Life Insurance.
All kidding aside...you generally need to be in good health to qualify for life insurance. Best to buy it when you are young and in good health. Buy the longest term possible. Many insurance companies offer 25 and 30 year terms. Some really enthusiastic companies go to 40 years. Why pay more than you have to for your insurance? Click here to get a free quote. Check it out for yourself.
Death realy sucks Honey.
Thank you for protecting me and the kids with Life Insurance.