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Do I Really Need Life Insurance? Life Insurance: Why We All Need It
There are many reasons to have life insurance. Most people don’t know the full benefits of having a life insurance policy to leave to their loved ones in the unfortunate event of a death. Benefits are paid directly to a named beneficiary to be used at their discretion.
Here are some of the major reasons for purchasing life insurance:
• Income replacement for a parent with minor children
• Benefits for a guardian to raise your children if needed
• Pay mortgage payments
• Pay student loans, car payments, and other monthly expenses
• Funeral Expenses
• Pay income, inheritance and estate taxes
Even if you have a nice nest egg set aside for your family, you could still benefit from life insurance protection. With today’s market and dwindling investments, life insurance guarantees you a death benefit based on the policy you choose. Your other assets could be taxed for inheritance purposes, depleting your savings account and leaving your family with less than you expected.
Life insurance benefits are income tax free and will be paid in a lump sum.
Life insurance allows you to leave your family with peace of mind. The benefits allow them to grieve their loss without the added burden of losing a home or all of their inheritance due to a tax burden.
Call your agent or our office today @ 800-327-2866 to start the process on a new policy. Let us give you peace of mind.
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