Single
It is important to have life insurance even if you are single. A life insurance policy will pay your beneficiaries at the time of your death, which can help your family avoid the stress of coming up with the money for your funeral. I see so many news reports and Facebook posts from people asking for financial help after a death of a loved one. All of this could be avoided with life insurance.
Single with children
If you are single with children, what happens if you have an untimely death? Life insurance can help pay all of your final expense as well as help your children with their education and other expenses.
Married with or without children
If you are married with or without children, life insurance is also important. What would happen if your spouse’s income were no longer available? Most families need both incomes to make ends meet. In the event of your spouse’s death, would you be able to keep the same life style? Would you be able to pay the house note? Life insurance can help protect your loved ones when you and your income are not there to support them.
Stay-at-home mother or father
If you are a stay-at-home mother or father, life insurance is also important to have. If you only have one income, what would happen in the event of your spouse’s death? Would you be able to pay all of the bills? Life insurance can help you with all of the current bills and give you time to come up with a plan for the future, like going back to school to get in the work force again.
As you can see from above, it is important to have a plan for the future if something unfortunate should happen. We can’t control when we are going to die, but we can control what will happen to our loved ones in the event of our death. I can sleep better at night because I know in the event of my death, my family will be in good shape financially.
If you have any questions or would like a life insurance quote, give me a call anytime.