While insurance isn’t the most glamorous thing to purchase, it is often a necessity. You can’t legally drive a car without it. You certainly wouldn’t want to live in a hurricane zone without it. So why do so many people disregard or minimize life insurance?
Life insurance can be beneficial for many reasons, but its top purpose is to protect those left behind after the death of a loved one. If you’re the primary breadwinner in the family, not having enough life insurance could result in your family having to make significant lifestyle changes, including moving out of your home. It also may mean not having enough money to cover funeral expenses or taxes on your estate. The true value of life insurance lies in its ability to help ease the stress that comes along with experiencing the death of a loved one.
Alongside giving you the option of providing monetary support to your family when you pass away, many life insurance policies also allow you to build up cash value or use the investments toward other expenses. Later this month, we’ll be posting more information on how the different types of life insurance may be able to help you meet both short- and long-term financial goals.
Ultimately, discovering how much life insurance you may need is something we’d like to help you with. We’d love to discuss your specific situation and ensure you’re covered no matter what happens down the road. Please feel free to contact us to learn more.