September is “Life Insurance Awareness Month”. You might wonder why we would need an awareness month for insurance, but the reason isn’t all that mysterious: A lot of people still don’t have even a basic life insurance policy! Often it’s because they think a life insurance policy would be too expensive for them, or they might mistakenly believe that they don’t need coverage.
The truth is, everyone needs at least a basic a life insurance policy. Even if you’re young and consider yourself to be healthy, no one’s future is certain. So for those of you who aren’t sure why you need life insurance coverage, here are three critical reasons that everyone needs a policy.
Burial expenses. Even a basic funeral or a simple cremation can cost thousands. Most of us wouldn’t want to leave that expense to our nearest relatives.
Pay off the mortgage. Let’s assume you’re married, or want to be in the near future. If something happened to you, would your surviving spouse be able to hand children if you have them) can stay in their home while healing from unexpected tragedy.
Provide for future needs. If you have a spouse or children, you hope to provide for them in the years to come. In the event of your unexpected death, those plan would be interrupted. A life insurance policy can help your spouse keep the household afloat financially, provide for the children’s college tuition, and accomplish other goals you set for your family during your lifetime. Essentially, it’s a way to ensure that your wishes for your family can be carried out, even if you’re not there.
These are just three of the most critical reasons that young, healthy people do need to consider their life insurance needs. But there are many more goals we can accomplish with the right policy. Give us a call, and we’ll help you get started with a needs analysis. Coverage is often more affordable than people think!