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When you hear "life insurance," you might feel overwhelmed or unsure. It's a topic many avoid, leading to misunderstandings and misconceptions. Whether you're unfamiliar with life insurance or have done some research, hesitation about purchasing coverage is common. This uncertainty often comes from perceived high costs, discomfort discussing death, or believing that employer-provided coverage is enough.
As parents, it's our instinct to protect and nurture our children, not just in the present moment but long into the future. While it's true that many millennials have delayed starting families, it's not necessarily because they're choosing not to have kids. Instead, they're often waiting until they feel financially secure enough to provide for their children's needs and future aspirations.
Last month's New Year celebrations had good cause; we have a chance to be grateful for the years behind us as we look forward to the years ahead. Chances are, as we clinked champagne glasses with friends and family, the idea of not being around to celebrate with them next year never crossed our minds.
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Over the past few years, we've endured a lot of challenges that remind us of the vital financial protection life insurance provides. In addition to the COVID-19 pandemic, we've observed a rise in severe auto insurance claims from Pennsylvania and Maryland drivers. In fact, fatal car accidents jumped more than 10% nationwide between 2020 and 2021.