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GET LIFE INSURANCE IN 3 EASY STEPS
Who Needs Life Insurance and Why?
Anyone who won’t live forever.
Life Insurance is not just for specific cases, in fact, most people need life insurance if they do not plan on paying for burial expenses ahead of time. Funerals can run in the thousands of dollars and that expense can be a distraction for loved ones who are trying to grieve. Way too many of us have been hit with an unexpected loss of a loved one only to find out that we don’t know how we’re going to pay for the funeral because they did not have a plan in place.
People who don’t want their loved ones to be responsible for their debt.
You may have some credit card and student loan debt that will need to be paid off after death. Any personal assets that make their way to probate can face claims by debt collectors. If you want your family to keep that house, that car, those stocks, etc, you’ll want to look at your outstanding debt and ask yourself if your family can afford to come out of pocket to secure that debt if the unexpected happens. An affordable term life insurance policy may help eliminate the need for loved ones to cover your debt.
People who want to be a catalyst for generational wealth.
A vast majority of Americans live paycheck to paycheck. Chances are that you or some of your family members may be in that position as well. If you have kids, siblings, parents, grandchildren, nieces, and nephews, etc. that would be severely affected by your absence, you could still have a positive influence on their life and hopefully break or mitigate the risk of generational poverty. Term life insurance may help your family get a step up in life for less than what you spend on entertainment every year.