Top Five Reasons You (& Your Family) Need Life Insurance
Sure, you've heard about life insurance. You've seen it on TV and in movies. You've heard friends and family members talk about it. But you've never bothered to get coverage because you're pretty sure you don't need it right now.
The truth is, your family needs it. Just take a look at the top 5 reasons you and your family need life insurance, and why you shouldn't wait to get it.
You can't predict when you're going to die.
It's unfortunate fact of life that we don't like to face. It doesn't matter how young or old you are, you could be involved in accident, get sick or get hurt in a natural disaster at any time. When you're gone, your loved ones will have to pay for your funeral expenses, mortgage debt, credit card debit, medical bills, and outstanding bills. If you leave behind a spouse or children, they'll also need to replace your income to cover their everyday needs. Life insurance can prevent your family from taking on all of those expenses.
Death costs more than you think.
Yes, this sounds morbid, but it's true. The average funeral costs between $10,000 and $20,000, and that doesn't include legal fees, death certificates and other fees your family will have to pay. Your family will also have to pay taxes on the money and things you leave behind. Life insurance can cover your final arrangements and your family will receive the policy money with little to no taxes. The money also won't go through probate, so your family will have access to the funds almost immediately rather than waiting months or even years.
You can protect and help your loved ones.
Your family will inherit your debt, try to makes ends meet without your income and pay for your final arrangements when you pass away. Life insurance can not only protect them from these financial burdens, it can also give them additional funds to use in the future. The extra money and help your kids pay for college, their wedding, a new car, or care for a grandchild.
You may qualify for coverage today, but maybe not tomorrow.
The cost of insurance depends on your age, health, occupation and other factors. You're not going to get any younger and your chances of health problems increase with age, so it's almost guaranteed that the longer you wait to get coverage, the more expensive your premiums will be. If you develop a really serious illness, you may not qualify for coverage or you may qualify for coverage you can't afford.
Life insurance may help you while you're still living.
Traditionally, life insurance helps your loved ones when you pass away, but there are some benefits you can use while you're still living. Some policies can help you build cash value to use during retirement. You can also use your death benefit early if you become ill or confined to a nursing home. Some plans will also waive your premiums for a period of time if you become disabled or unemployed.
As you can see, life insurance is important for many reasons and putting it off isn't helping you or your family. If you'd like a free quote, browse through our site to see our various coverage options. Then give us a call or fill out the form at the the bottom of the page, and we'll contact you soon.