Tom's Blog
You read about life insurance, you hear about it, and you most certainly see ads for it and the consensus is, YOU NEED LIFE INSURANCE, but do you really know much about life insurance and do you actually need it? Before you sit down with your N.C. independent insurance agent, you need to find out the top 3 reasons you need life insurance.
Life Can Be Short So Think Long Term
The thought of being invincible can be comforting, but in actuality, it is not realistic and within a blink of an eye, your life can end. Imagine that you have a wife and 2 children who depend on you financially and suddenly your life ends. Have you thought about the consequences of this and are you prepared? Although there are many reasons why life insurance is important, the most collective reasons include:
- Replacement of Income- This is probably the most important of the 3 reasons people need life insurance when you have dependents that count on your salary for day-to-day expenses. Whether it is for car payments, utilities, current/future education, or daily needs for food, your family depends on your income. Without your salary, what will happen if you DON’T have life insurance? Having your family maintain their standard of living is vital, should your life end.
Your N.C. independent insurance agent can help determine what type of life insurance policy you need depending on several factors such as your current salary, estimated future salary, current savings, or any applicable Social Security benefits.
- Costs of Final Expenditures- Final expenses include any of the costs that are incurred due to your death such as funeral expenditures, arrangements, burial or cremation costs. Never underestimate the excessive cost of funeral expenses!
- Payments for Mortgage- Your home may be the biggest investment that you have so protecting the home for your family, should something bad happen to you, is significant when purchasing life insurance. If you don’t have life insurance or the right amount of life insurance, your family may be faced with having to move out of the home they love. On top of losing you, this could be detrimental. If your family depends on your income to pay the mortgage, what will they do if something happens to you?
Protect the Ones You Love
While there are only three reasons outlined for purchasing life insurance, there are many other reasons. Contact us TODAY at 866-869-3335 to protect the future of your family.
