If you don’t currently have life insurance, or have little protection, you may not see the need to or urgency in acquiring coverage. There are, however, plenty of good reasons to build a life insurance program as part of your overall financial plan.
They include the basics like paying for final funeral expenses, but the reasons and purposes of life insurance are more far reaching.
Life insurance can provide relatively quick access to cash following a death. This can be a blessing in troubled times when everything seems to be in jeopardy. Life insurance can also be used to retire debts, including medical expenses. Privately funded student loans that a parent co-signed for can be eliminated with life insurance proceeds. They can also be used to pay off a mortgage and provide funding for your families lifestyle into the future. Life insurance can cover the cost of a child’s college education that may be in jeopardy following the death of a parent. But what is the most compelling reason to get life insurance? It just may be peace of mind.
The peace of mind knowing that any debts you leave behind will be taken care of without issue. That funds will be available to your family without confusing or detailed paperwork. That none left behind will be held responsible for any debts even if they co-signed for you. You can have peace of mind knowing you gave the final, ultimate gift. That although your family will miss you, they will struggle less financially because of your decision to secure life insurance.
Yes, there are dozens of reasons to apply for life insurance. The most important and compelling, however, may just be your peace of mind.
Getting started is not difficult, and in fact, may be more affordable than you imagine. Depending on your individual application, a physical may not even be required. It starts with a call to one of our independent life insurance agents. They will talk with you about your current life situation and products that can provide the best protection. They can go and search, contacting multiple companies requesting rate quotes. They will quickly get back to you explaining your options. You decide.
We are confident you will find peace of mind affordable, at least when it comes to life insurance. Connect with us and let’s get started today.