Why December Is the Best Time to Buy Life Insurance

December is the month of presents, holidays, and more. But it’s also a great time to buy life insurance. Why so? Today, we have debunked the reasons why you should consider getting life insurance, especially this holiday season.

A lot has happened this year, and you may have lost sight of the beginning of the year, especially since the pandemic is still around the corner. Yet this year still marks new beginnings, hope, and promises.

When we’re asked when is the best time to buy life insurance, any season should be ideal. However, if you’re looking for better timing to make it more heartfelt, then you may consider getting it during the holidays.

Not only that it’s an ideal present to give to you and your family, but there’s also a lot of reasons that you can consider why it’s worth your holiday spent.

Today, let’s talk about why December is the best time to buy life insurance.

5 Reasons Why You Should Buy Life Insurance on December

Buying life insurance in December makes you calmer and quieter heading into the holidays. It also makes you a better person, not only that it makes you thoughtful and a great way to show people how much you care for them and their future. 

So, if you see family this festive season or avoid them like the plague, there is no time to buy life insurance like December.

Here are our top 5 reasons we have debunked for you!

1. Life Insurance Makes a Heartfelt Gift

Life insurance coverage protects your loved ones financially if you’re no longer able to provide for them.

In other words, this is something you do for others that will benefit your family when you’re gone. In some ways, life insurance is the ultimate gift — something you give to someone now and later, even if you aren’t there to give it to them. 

Purchasing life insurance during the holidays can be a more meaningful and heartfelt gift you can give to someone. Make sure to leave a note that says, “I love you enough to protect you even when I’m not there.”

2. Life Insurance Is a Great Use of That Travel Budget

So you’re not going to see your family this year? Alternatively, you may take that dream cruise or family trip to Hawaii by repurposing your funds for life insurance premiums — you can turn lemons into lemonade.

Consider this, a round-trip ticket from Chicago to Honolulu during the holidays costs roughly $600 right now. For a family of four, it comes to $2,400 before food, lodging, and other expenses. 

So, guess what? Because you’re presumably postponing that trip, for the time being, you may invest that $2,400 toward a new life insurance policy. And that counts a lot. A 30-year term life insurance policy for $1 million from Haven Life will cost approximately $77 per month for a 35-year-old guy in good health. That means your $2,400 will cover the policy for two and a half years — for a half-million-dollar.

You’re not traveling anywhere, so you may as well spend that cash on something that’ll last and help your loved ones. 

3. Life Insurance Will Make 2022 Easier

We will eventually move on from this trying year. To say the least, it’s a mess. A once-in-a-lifetime pandemic occurred. Unimaginable economic misery. A contentious election. And a string of tragedies that highlighted how far we still have to go in terms of racial fairness. To put it mildly, it hasn’t been easy. 

Although things are going back to normal, the uncertainties still remain.

Thinking about the future is a great approach to get through challenging circumstances. And one thing you can do today to help make tomorrow a little brighter is to apply for a term life insurance policy that will protect your loved ones in the event the worst happens.

4. It’s a Perfect Way to Stack Policy

There’s no need to put off purchasing life insurance because you believe your demands may change or expand later. Instead, utilize a life insurance calculator to determine how much coverage you require right now. If your needs alter in the future, you may always purchase more term insurance to increase your full coverage. The ladder strategy is a terrific way to increase your coverage while keeping your premiums affordable.

You can also find a lot of insurance discounts during the holiday season. Take advantage of that!

5. Harbor-Ins Offers You Better Life Insurance Options

If you are at a point in your life where you’re having a hard time making a purchase, then you may need an expert’s help.

We get it, and you spend this season running around, searching for gifts for everyone on your list, going to your holiday party and your partner’s holiday parties — it’s exhausting. You definitely need a hand to help you with.

Lucky for you, Harbor Insurance is an independent insurance agency that knows exactly what you need to get the ideal insurance option for you and your loved ones.

As one of North Carolina-based insurance providers, we aim to help you determine the most appropriate coverage and find the best options with top-rated carriers. In as easy as a 30-minute consultation, we can let our team of skilled licensed agents help with urgency. 

Ready to start gifting life insurance this holiday season? Book an appointment with us today!