Have you been considering the idea of purchasing a life insurance policy? If so here is a list of 5 reasons it is probably a good idea to get the ball rolling.
1: Financial security for family
One of the biggest reasons to take the plunge and purchase a life insurance policy is if you have others who depend on you for your income. Do you have a plan for income to support your spouse and children if you were to pass away unexpectedly? It should become a must have for real financial security. Your ability to earn income is one of the most valuable assets that you have so why not insure it?
2: Coverage for burial expenses
Have you ever been to a funeral? If so, it is surprisingly a costly event with purchases including the mortician fees, the casket, and the list goes on. No one wants to leave their loved ones with the grief of loss as well as a large financial burden to pay for on top of it. Burial expenses can range anywhere from $10-25,000, which most people do not have just lying around in their bank accounts.
3: Pay off debt
If you have the average debt as most Americans, it would be wise to consider purchasing a life insurance policy that would cover those debts such as a mortgage, student loans, and other debts that have accrued. Could you imagine your family being left to pay off such debt and now without the help of your income?
4: Affordable Coverage
Most people do not realize that life insurance is actually quite affordable. If you are younger and healthy, the cost of the premium to purchase a policy that would cover the above listed items is often a lot less than people assume. Contact a local agent like me to find out how much a policy would cost you and shop around for the best deal.
5: Peace of Mind
I don’t know about you, but I get a lot of peace of mind knowing that if I am in an auto accident, I will have help paying for the damages or if I become hospitalized, there are companies that will help with those expenses as well. Life insurance can offer the same peace of mind knowing that your family and loved ones will be well taken care of financially in case something were to happen to you.
If any of these 5 reasons apply to you, consider looking into the different types of life insurance policies to find out which kind would be the best fit for you and your family
