04 Mar 5 Reasons Why Life Insurance Should Be a Priority for You
Instead of looking at life insurance as if it is tempting fate, consider it an investment in your family’s future. Life insurance isn’t what it used to be. Today, the right type of life insurance can offer benefits while you are still living, giving you an opportunity to invest in your future while you are still here to enjoy it. Take a few minutes and go over a few policies with your insurance agent to see what is available.
Here are five reasons why you should prioritize life insurance.
1. Accidents Happen
One of the most important things to remember when talking about life insurance is that accidents do happen. You may not want to think about the outcome, but the fact is, it’s better to think about it now than to leave your family in financial ruin if the unthinkable would happen. Taking the time to consider life insurance now will protect your family in the future.
2. Financial Security
Without your income, your family’s financial future will be in question. With the right type of life insurance, you can prepare for the future so that all of your family’s needs are met. You can set aside money for college and establish a trust that they can draw from as needed for living expenses. Giving them financial security during a very difficult time is one of the best things you can do.
3. Personal and Business Debt
With the right type of life insurance policy, your family’s future will be secure and both your personal and business debts will be paid off. By paying off all of your debts, this type of life insurance policy will ensure that your creditors won’t come after your family or your assets if the unthinkable happens. Your estate will be secure and any money set aside for your family will stay with them.
4. Final Expenses
One of the most common uses for a life insurance policy is to cover your financial expenses. Planning your final services allows you to choose exactly what you want. It also takes this burden away from your family so that they don’t have to go through this difficult process right after losing you. You can choose whatever service and amenity you like and have everything paid for directly from your life insurance policy.
5. Benefits for the Living
Today’s life insurance policies offer benefits for the living as well. Many policies include provisions that allow you to draw from the equity you have in your policy. You can treat it as a loan and pay it back or you can continue to rebuild the equity as you go. Some policies also allow you to invest your equity and earn dividends like a traditional investment portfolio.
If you have questions about life insurance, don’t wait until it’s too late. Contact Kevin or Marci at Dougherty Insurance. We have the answers to important life insurance questions that will allow you to make the right decision when it comes to protecting your family’s future. Take the time to make the call today!