Good financial planning should include life insurance. Your agent can assist you in determining the type of policy and the appropriate amount of coverage your family will need.
Why have life insurance:
- It can allow loved ones time to grieve.
- Pay off debts, providing surviving family members with a little peace of mind.
- Help your family stay in their home.
- Fund a child’s college education.
- Keep the family business in the family.
“There’s a growing crisis of too many Americans not having adequate life insurance protection. According to the industry research group LIMRA, 30 percent of US households have no life insurance whatsoever. Today there are 11 million fewer American households covered by life insurance compared with six years ago. Here’s the bottom line: A majority of families either have no life insurance or not enough, leaving them one accident or terminal illness away from a financial catastrophe for their loved ones.”
Life, a non profit organization
Don’t make the mistake of lying on your application it can be the basis of the insurance company to deny your claim.
Waiting until you are older to purchase life insurance can be a costly mistake. Purchase while you are young to get the best rates.
50 million people don’t have adequate life insurance. Make sure your family is properly protected.
Calculate your needs: