Four Reasons to Get Life Insurance

People often think of Life insurance as a way to protect loved ones by providing for final expenses, estate taxes, etc. Let’s go past that. Think about it, who else depends on you and your pay?

There is a saying, “one size fits all” that can apply to many things, but not something valuable like life insurance. Depending on your priorities- this will depend on why you need it, and how much you need. Your neighbors or even your family members all need their own custom-fit insurance plan.

The topic of life insurance can be very intimidating because it can have a big impact on both your loved ones and your finances. Since it can be a difficult task, here are four things to think about to get you kick-started on protecting your family.

Who do you want to protect? 

Life insurance is often thought of as a way to protect loved ones by providing for final expenses, estate taxes, etc. Besides the outlined above, who else depends on you and your income?

Do you have young children at home? Life insurance can help provide the money for daycare now and education for the future. If your kids are older, your insurance can help cover tuition payments.

Are you responsible for your parents? If you're contributing to the care of an elderly relative, you should consider how those healthcare bills will be paid if you or your partner passes away suddenly.

What do you want to protect? 

If you have a mortgage, good life insurance can help your family stay in the home and maintain their standard of living. Even if you don't have a mortgage, there are probably other assets that you want to protect. Life insurance can help your family keep up with car payments or protect your partner from having to go into retirement funds earlier than anticipated.

If you're a business owner, life insurance can help the company you built continue after you're gone.

Do you want to leave something behind? 

Would you like your family to have a financial cushion when you are gone? Life insurance can help you do that.

What's your personal financial plan?

Permanent life insurance policies can build cash value that you can use during your lifetime, as well. So it literally pays to think about your finances in their entirety when you consider the benefits of life insurance, and all it’s greatness. 

Need life insurance leads? Contact us and we can get you pricing in your area.