No one likes to think about the worst happening, but it does happen from time to time. And, when the worst does happen, it is indiscriminant in who it may visit. Not preparing for the possibility though, can compound the difficulties caused.
Have You Considered Life Insurance?
If you are a one income family, do you have a plan in place should the income earner die? If you are a stay at home parent with young children, do you know how your daily contribution would be replaced should you die? Running a simple calculation of what it would cost to hire a nanny, a housekeeper, and a cook, quickly demonstrates the funds that can be necessary to keep a household afloat.
The Benefits of a Policy
Life insurance policies can ease the complications of a life changing loss, by providing the means necessary to continue life as you know it. Replacing the income of the main bread winner, will allow a stay at home mom to stay at home. Providing the funds necessary to pay for the household and childcare responsibilities previously handled by a stay at home parent, makes it possible to afford those services without needing to increase your current income level.
Is Life Insurance For Me?
Even if you are single, life insurance can provide the money necessary to pay for burial costs and outstanding loans you may have. In the absence of insurance, the burden of these things will fall upon your family.
Life insurance can also be used to bequeath money to beloved family members, or to benefit a charitable organization.
Life insurance is like any other policy, you can’t buy it after the fact. And, rates can be extremely affordable depending on your age and health status. It’s never too early to think about, but it can easily be too late.
If you have questions about life insurance, or would like to request free quotes, contact us today.