All gay men need gay life insurance
Life insurance today isn’t just your father’s policy—it’s evolved to meet the diverse needs of modern families. Discover why every gay man should prioritize securing tailored coverage for peace of mind, and learn the essential steps to obtain your personalized gay life insurance without delay.
DFG & Haven Life talk about gay life insurance:
Today, we have the privilege of welcoming Mark Sayre, Underwriting Product Manager at Haven Life. Mark will equip us with essential insights to navigate the world of life insurance effectively, emphasizing its importance for the LGBTQ+ community. Additionally, Mark will shed light on the progressive initiatives undertaken by his company to serve its transgender clients better.
Gay life insurance and your gay-friendly financial plan
You’ve confided in us that financial advisors seem more elusive than a unicorn at a tea party. But fear not! Life insurance isn’t just another tedious spreadsheet entry—it’s a vital piece of your financial puzzle. So, if you’re scratching your head after tuning in to this episode of Queer Money, don’t hesitate to shoot us an email or slide into our DMs.
Now, let’s talk about life insurance—it’s morphing faster than a chameleon at a disco, especially with the shifting demographics of our colorful country. Even before marriage equality hit the scene, life insurance was gearing up to embrace same-sex relationships.
Mark’s here to sprinkle some wisdom on why all the single ladies (and gents) and those nestled in same-sex love nests need to cozy up to this insurance game. Forget waiting for wedding bells or the pitter-patter of little feet—this stuff’s essential for all of us, and the sooner, the sassier!
So, tune in to discover the million-dollar question (or maybe just a few thousand) you should ask to determine your insurance needs. Let’s unravel the mystery behind accelerated death benefits. Who knew insurance could be this thrilling?!
Do you have your gay life insurance?
Ah, the old “life insurance for the modern gay man” conundrum! Traditionally, we’ve associated life insurance with settling down, popping out a couple of mini-me’s, and waving goodbye to our youth. But let’s face it, leaving your spouse or kids to fend for themselves? Talk about a horror movie plot!
But hold onto your rainbow flags because today’s life insurance is like the Queer Eye makeover of financial security—it’s not your grandfather’s dusty old policy. Nope, it’s sleeker, trendier, and more inclusive than ever, especially for those of us whose families resemble more of a mixed bag than a Hallmark movie scene.
So, why should we fabulous gay men hop aboard the life insurance train, even if we’re not playing house with a hubby or raising a soccer team of children? Let’s unravel this mystery, shall we?
1. To protect your family
If we wait until we’re sipping tea with our grandkids to snag life insurance, we might miss out on the ultimate discount—youth! Picture this: you’re young, gay, and dreaming of a future filled with a dashing hubby or a bundle of joy (or both, why not?). Well, guess what? Your wallet’s doing a happy dance at the mere thought of you grabbing life insurance today.
Sure, it might feel like jumping the gun, but think of it as investing in your future fabulousness. Not only will you secure financial peace of mind, but you’ll also snag those sweet, sweet, lower premiums while you’re still in your prime. So, whether it’s a hubby, kiddos, or a menagerie of fabulous pets in your crystal ball, your budget will thank you for being the financial guru you were always meant to be.
2. To protect your family from lenders
So, you’re cruising through life, juggling student loans, credit card bills, and maybe even the occasional impulse buy from that online shopping spree (no judgment, we’ve all been there). But here’s the kicker: debt doesn’t care if you’re living your best life or chilling in the afterlife—it’s still gonna come knocking!
Now, imagine this scenario: you’re strutting around in the big rainbow parade of life, debt in tow like a clingy ex. Suddenly, poof—you’re gone, leaving your loved ones to pick up the pieces. And guess who’s lurking in the shadows, ready to collect their dues? Yep, those relentless creditors, armed with their calculators and collection notices.
David spilled the tea on episode 19 of the Queer Money® podcast about retired parents who got dragged into the financial twilight zone after their daughter’s premature passing. Co-signed for a hefty $80,000 in student loans? Check. Banks still thirsty for their cash? Double check. Talk about a nightmare on Debt Street!
So, if you’ve got debts chasing you like a bad rom-com plot, it’s time to channel your inner financial superhero and tackle that beast head-on. Your loved ones—and your sanity—will thank you for it
3. To leave a legacy
How do you keep spreading love and rainbows even after you’ve sashayed off this mortal coil? Well, fear not, dear philanthropic soul, because life insurance is here to save the day! Picture this: you’re lounging on a cloud, sipping celestial cocktails, and pondering how to make a lasting impact. Suddenly, it hits you—why not leave a little somethin’ somethin’ for those charities and nonprofits you hold near and dear?
With a flick of your heavenly pen (or a click of your earthly mouse), you can designate a donation straight from your life insurance payout to keep those organizations thriving long after you’ve bid adieu to the mortal realm. It’s like being a guardian angel with a trust fund—talk about leaving a legacy!
But wait, there’s more! These are just three fabulous ways life insurance can help you sprinkle a little extra glitter on the world even after you’ve strummed your last chord on the harp. And hey, here’s a little bonus tip for ya—getting life insurance today isn’t just about securing your future; it’s also about living your best life right here, right now. So go ahead, darlings, seize the day—and maybe a policy while at it.
4. Support your favorite charity
Picture this: You, decked out in your finest halo and wings, surveying the world below with a smirk of satisfaction. You’ve lived a life worthy of a standing ovation, but now it’s time to pass the baton to the next generation of fabulous souls. But fear not, dear philanthropic diva, because you’ve got a trick up your sleeve—or rather, tucked away in your trust fund!
As you ascend to the celestial realm, why not leave a little something special for those cherished charities and nonprofits that tugged at your heartstrings? Whether it’s a single generous donation or a glittering trail of support to multiple organizations, you can rest assured knowing your legacy will live on like a glitter bomb exploding in the name of good deeds!
So, go ahead, darlings—write your name in the stars and leave a mark that even the fiercest drag queen would envy. After all, why let death cramp your style when you can keep spreading love, laughter, and a whole lot of fabulousness from beyond the grave?
5. Protect your business
Now, you’ve built a business empire from the ground up, but now you’re wondering how to keep the cash flow going even after you’ve punched your last time card. Fear not, my entrepreneurial comrades, because life insurance is about to become your new best friend—and trust me, it won’t ask for a raise!
Picture this: You’re lounging in your CEO throne, surrounded by stacks of paperwork and the faint scent of success in the air. But wait, what’s this? A stroke of genius hits you like a bolt from the blue—why not name your beloved business or your trusty sidekick (I mean, business partner) as a beneficiary on your life insurance policy?
Whether you’re a sprightly young startup owner or a seasoned entrepreneur with a few gray hairs (or glitter strands) to show for it, this is your golden ticket to ensuring that your business legacy lives on, even if you’re busy schmoozing with the angels. So, whether you’re flying solo or running a tight ship with your partner(s) in crime, consider this your cue to snatch up that life insurance policy faster than you can say “cha-ching!” Your business—and your business partner(s)—will thank you for it.
The Accelerated Death Benefit or Rider
Hold onto your rainbow hats, folks, because I’m about to drop some knowledge bombs that’ll make your financial planner do a double-take! So, you’ve got your life insurance policy locked and loaded, but did you know it comes with a nifty little feature called the accelerated death benefit rider? It’s like having a secret weapon against life’s curveballs!
Picture this: You’re minding your own business, sipping your morning latte, when BAM! You get hit with a terminal or life-threatening illness. But fear not, my fabulous friends, because this rider allows you to tap into your life insurance death benefit early, giving you the peace of mind to tie up loose ends without leaving your family drowning in hospital bills. It’s like having a financial safety net that’s as stylish as practical!
And hey, that’s just one of the fabulous reasons why us gay men need to jump on the life insurance bandwagon TODAY! But wait, there’s more! Tune in to Queer Money® episode 19 to uncover the rest of the juicy details and join the conversation—trust me, it’s a party you won’t want to miss
Or, watch us talk about all the new things about gay life insurance here:
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We’re David and John Auten-Schneider, the founders of Debt Free Guys and creators of the Queer Money® podcast. We help queer people (and allies) achieve financial, relationship, time, and location freedom by helping them design their Wealth Builder’s Pyramid.