Are You Ready For Life Insurance?
Life Insurance Has Value for Families
Are you one of those people who think you don’t need life insurance? Please think again. Life insurance provides real security for those you care about. Life insurance benefits can provide financial security and resources for your family or loved ones after you are gone. Let’s look at a few of the reasons to consider life insurance:
- Payment on Debt– If you have any outstanding debt (mortgage, credit cards, etc.), at the time of your death it does not go away. Your estate will still be responsible to settle all accounts. Life insurance can provide the financial resources to cover debt.
- Continuation of Income- Life insurance can provide the funds to replace your income upon your passing. Family income will certainly diminish with the loss of an income earner, which means your family will experience a lower standard of living. The death benefits of a life insurance policy can prevent this from happening, or at least keep the impact to a minimum, by replacing income lost with the demise of the breadwinner.
- Unpaid Medical Expenses- It is highly likely that you will incur medical expenses prior to your death, some of which may not be covered by health insurance. Adequate life insurance proceeds ensure that these final expenses are covered.
- Funeral Expenses- Most people don’t plan for, or fund, funeral expenses. Again life insurance is there to help.
A proper life insurance policy can give you peace of mind knowing that your finances and beneficiaries are secure, from temporary to permanent coverage. At Innovative Insurance Services LLC, we understand that as things in your life change, so will your financial and insurance needs. That is why it is important to review your life insurance options with a specialist you can trust.