SAAK Insurance Group’s Andrew Davis and Kiana Johnson Share Their Top 5 Reasons to Consider Buying Life Insurance

    Buying life insurance is something that many people put off for another day, perhaps because they don’t have time to do the research to find the right policy, don’t want to spend the money, or simply don’t like thinking about the demise of themselves or their loved ones.

    It’s understandable, but Andrew Davis and Kiana Johnson, co-owners of SAAK Insurance Group, encourage everyone to buy a policy that will keep their loved ones safe in the event that something happens to them.

    SAAK Insurance Group offers a multitude of insurance options: burial, final expense, term, whole life, and many more. They also have affordable rates, a recommendation from the Better Business Bureau, and are recent winners of The Plato Award.

    The co-founders think of their products as protection with a purpose. “The purpose of life insurance — in all its forms — is to provide peace of mind to you and your family should something unforeseen occur,” said Davis.

    The partners deeply believe that life matters and that belief is at the core of all that they do. “That is truly at the core of our company culture, and we put it into each policy we write. Our company values commitment, respect, and honesty, both between us and our clients and our clients and their families,” said Johnson.

    The pair regularly urge people to make sure they are taking responsibility for their own lives and remind even the youngest of policyholders that their life insurance decisions affect every member of their family too.

    Here are their top five reasons that you should have a life insurance policy.

    The Option for Dividends

    Many people don’t realize that certain life insurance policies can pay dividends to their policyholders. Whole life insurance policies can award holders dividends that can be sent to you in cash — or used to pay your premiums.

    “Another option for your dividends is to use them to increase your policy coverage, and having more coverage is always better — especially when you don’t need to lay out cash for it,” explained Johnson.

    Peace of Mind Protection

    Most of us have people that depend on us financially — a spouse, children, parents, and even extended family members. Always remember that your life insurance policy is really a gift to them and yourself. It provides everyone with peace of mind and assures that they will be taken care of, no matter what.

    Think of it as a monetary safety net that always lies below your bank accounts, trusts, inheritances, and investments. It means that your loved ones will be sent a lump-sum amount when they need it most.

    Growing Value

    A life insurance policy is one investment that always builds in value. The more you put in, over time, the more your family can benefit, should the need arise to cash in the policy.

    With each premium you pay, your life insurance policy grows in its cash value and is tax-deferred. With that ever-growing value, you can rest easy knowing that your assets are safe, your family will have an emergency fund, and all of your other family financial goals can still be met.

    Replace Your Income

    When you pass on, your income abruptly stops, and everyone that depends on you might be left uncared for. You can choose to avert this possible disaster by choosing a policy that offers income replacement instead of a lump sum payout.

    This replacement makes it easier on your loved ones if you have many installment loans and higher monthly spending. It can be applied to mortgage and car payments, healthcare and medical insurance premiums, childcare, tuition, college funds, and more.

    Consider Add-on Riders

    “Life insurance policies can be adjusted and made bespoke for every policyholder — and we are happy to walk through every option with our clients,” said Davis.

    Add-on protections usually don’t require additional underwriting and can offer options for a payout if you become disabled or face a chronic illness diagnosis. People often don’t realize that life insurance can compensate for these circumstances.

    Considering these reasons for buying life insurance, there are very few good reasons to keep putting off buying that policy that will protect your family for life.

    About Andrew Davis and Kiana Johnson

    Andrew Davis and Kiana Johnson, co-owners of SAAK Insurance Group, provide affordable burial insurance, final expense, term, whole life, and more. SAAK Insurance Group has been recommended by the Better Business Bureau and the couple has recently won The Plato Award. For more information about protecting yourself and your family, please visit www.saakinsurancegroup.com/

    Zachary Draeger
    Zachary Draeger
    Zacahary Draeger is is a tech and business journalist with nearly 15 years. While studying journalism in Chicago, Zachary found a passion for finding new tech gadgets and technlogy. As a contributor to Entrepreneurial Mag, Zachary mostly covers technology and business news and stories.

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