It is our conviction that you can't protect your family unless you are also protecting your community and our planet.
You like the idea of life insurance that takes action for family, community and planet, but first you have a few questions.
So, what is life insurance?
Life insurance is financial support for those you leave behind when you die. You buy a life insurance policy from a company (called an insurer) that will pay your beneficiaries (you decide who those people are) a set amount of money at the time of your death. You pay premiums every year to keep the policy in place, and in exchange for those premiums, the insurer agrees to pay your beneficiaries a death benefit.
People often ask us: "Can I afford life insurance?" And research shows that people think it is a lot more expensive than it actually is.
For example, you can buy a life insurance policy that will pay $1,000,000 to the people you care about if you die. You may be thinking: "Wow, that would be expensive." A healthy 30 year old woman can get $1,000,000 life insurance for less than $32 per month. Don’t need to leave a million dollars behind? You can choose a smaller amount and pay even less.
Why would I need life insurance?
- Do you have debts, like a mortgage or a student loan, that someone else could be responsible for if something happened to you?
- Are you planning on getting married or thinking about having a baby in the next few years? Getting life insurance for some of life’s insures that financial assets, liabilities and responsibilities are covered and not a burden.
- In addition to leaving money to the people you care about, you can leave money to the non-profits that you love in the 1% for the Planet network.
- Being young and healthy is an ideal time to buy life insurance as it gets more expensive as you age, and if a health issue develops in the future, you may not be able to get life insurance at all.
What coverage do I have at work?
We often hear: “I think I have some life insurance at work…?” Most companies offer 1-2 times your income in their group insurance policies. While that's a good start, most people with dependents or a mortgage need 10-15 times their income which can create a gap between what you have and what you need.
Bluestone Life can help you close the gap and support nonprofits working for social and environmental impact — at no additional cost to you. Still have questions? Shoot us an email using the form below.
Knowledge is power
A few links to learn more:
An unexpected way to build community and protect the planet