

Why Is Life Insurance Important?
The value of life insurance cannot be overstated. Life insurance offers protection for your family and home in the event of your death. Prevent financial hardship for your loved ones with life insurance.
The Value of Life Insurance
Some people may think of life insurance as just another expense. The question you need to consider is would someone in your life suffer an economic hardship if you were to die? If your answer is yes, then life insurance is important for you to have.
Married with Children
If you're married and have young children at home who depend on your income, you have a clear need for life insurance. If you were to die, the loss of your income could cause an immediate financial hardship. Not only would this make it harder for your family to make ends meet, but for them to realize future goals such as a college education. Even if one spouse is a stay at home parent and doesn't bring in a formal paycheck, his or her death means that the surviving spouse will have additional expenses such as child care, cooking, and housekeeping - all necessary services for running a household.

Married without Children or Single
Why is life insurance important if you don't have children or a spouse? Just because you don't have children or are married, doesn't necessarily mean that you don't need life insurance. If your spouse or significant other depends on your income to keep the bills paid and to run the household together as a joint venture, then having the financial safety net of a life insurance policy is vital. And whether you're married or living the single life, who is going to pay the costs associated with your final expenses?
Things such as funeral costs and jointly held debt (such as a cosigner on a loan) are just a few of the costs that you'll need to consider in the event you were to unexpectedly die. Unless you already have sufficient financial resources to cover these expenses, your survivors will most likely need life insurance to help pay for it all. Having enough life insurance is just as important.
The loss of a loved one is an emotional and traumatic experience for any family. But when you factor in not having enough money to meet immediate and ongoing living expenses, can make a very difficult situation even worse. Not only are the people you love grieving your loss, but they'll now have added financial stresses to cope with. Depending upon their current financial resources and ability to get back on their feet both emotionally and financially, your loved ones could be forced to move to a less expensive home or community, forego education and career plans, and cut back on their quality of life. They may be even forced to take out loans to pay for your funeral and burial costs, as well as any outstanding medical or tax bills.
If you're wondering why life insurance is important, stop to consider the potentially devastating consequences of not having coverage to financially protect the people that you love.
For a Quick Quote call 1-800-980-3588 to speak with a licensed insurance agent in your area.
7 Reasons Why You Need to Buy Life Insurance Today
7 Reasons Why You Need to Buy Life Insurance Today
1. You never know, dying
suddenly in an accident,
natural causes or unexpected
illness.
2. Funerals are very
expensive. The average
funeral rage from 7k-10k.
3. Protect Those You Love
in your life. They have to go
on without you. Especially if
you’re the bread-winner.
4. Death shouldn’t mean
debt. Debt can be a
tremendous and emotional
burden for your loved ones.
5. If you develop a serious
illness, you may not be able to
get life insurance to the
extent you need it-or not at
all.
6. Life insurance is
considered a financial asset,
which can help increase your
credit and help you get a loan.
7. Peace of mind. No
amount of money can ever
replace a person. But life
insurance can help provide
protection for the
uncertainties in life.

For a Quick Quote call 800-980-3588 to speak with a licensed insurance agent.

Think you don't need life insurance if you don't have kids? Think again. It may seem like an unnecessary expense. But there are many reasons to have life insurance, even if you’re not supporting a family.
1. Mortgage Protection
Whether you live by yourself, with a spouse or significant other, you may want to buy life insurance as mortgage protection. Think about it − you don't want the person you live with to be homeless if you die unexpectedly, do you? Term life insurance can be used to pay off an outstanding mortgage balance. Just select a term that matches the length of your mortgage payment period. Some companies even offer decreasing term insurance, which means the death benefit decreases along with your mortgage balance.
2. Income Replacement
You and your significant other may have planned for a future based on two incomes − but what if one of you passes away unexpectedly? Life insurance can be used to replace the lost income so the survivor can maintain the same standard of living.
3. Final Expenses
You've seen the commercials − funeral expenses, burial costs and medical bills can add up to a hefty amount. The last thing you want is for your loved ones to shoulder this extra burden.
Life insurance can be used to plan for these final expenses. Permanent life insurance is available in various amounts, so you can pick a death benefit that meets your needs.
4. College Funding
OK, OK … this one only applies if you have kids. But have you seen the tuition rates lately?
Life insurance can help fund a college education. If you die, the death benefit may be invested and potentially grow to the needed amount by the time your children reach college age. Feel better knowing that you helped prepare for their future.
5. The Earlier the Better
So maybe you're starting to see the need for life insurance, so don't put it off. Typically, the younger you are when you get life insurance, the lower the cost.