Many people are reluctant to buy life insurance – even though they know it’s something they “should” do, it’s not something they’re eager to do.

We know, life insurance isn’t fun – no one likes to contemplate the idea that they might die before their time. And if you’re young and healthy – why worry? Life insurance is only for old, sick people, right?

WRONG.

The truth is, buying life insurance provides protection for your family when they need it most. In the unfortunate event that you die, owning a life insurance policy delivers a significant financial payout to your surviving loved ones. This money can make the difference between financial worries and financial security, comfort and confusion. It can give your family the safety net that they need to rebuild their lives and move forward. Buying life insurance is part of being a responsible parent and spouse.
Hopefully you will live a long healthy life – and people are living longer than ever before. But the truth is, the unthinkable can happen when you least expect it. Whether it’s a car accident or an unexpected illness, there are many families every year who find themselves losing a spouse, parent and provider.

Here is what life insurance can do for your family:

• Replace your income in the event of your death. Are you the sole breadwinner for your family? Or do you have a spouse who earns income as well? Or do you receive child support from an ex-spouse? Chances are, unless you win the lottery, your family needs your income to stay afloat. If you died tomorrow, where would that money come from? Life insurance can replace the income of a spouse and provider who dies – making it possible for the family to stay in their house, stay in their neighborhood, and be able to afford cars, vacations and the other comforts of life that families often take for granted.
• Provide for education expenses for your kids. What are your hopes and dreams for your children? Do you want to help your kids pay for college someday? Do you want to send your kids to private schools (or are you already sending your kids to private school)? Tuition expenses keep going up and up – much faster than inflation. With a generous life insurance policy, you can easily pay for your kids’ current and future education expenses in the event that you die. Many parents want education to be one of their lasting legacies for their children. Life insurance can make this possible.
• Give your surviving spouse and kids “time to think.” Dealing with the death of a spouse and parent can be traumatic, stressful and deeply sad. It’s hard enough just handling the emotional process of grieving, without having to make any urgent financial decisions. Life insurance gives your family some breathing room. It gives them freedom to take a few months (or a year, or more) where they know the bills are paid, and they don’t feel rushed into any rash decisions like “we need to sell the house,” or “we need to pull the kids out of school.” In the event of a death, one of the most precious commodities is time. Life insurance helps “buy time” for your surviving loved ones.
• Pay for end-of-life care expenses and funeral expenses. According to the National Funeral Directors Association, the average cost of a funeral was over $6,500 (as of 2009). An ample life insurance policy can give your family plenty of funds to cover your final expenses.
• Provide a lasting legacy to donate money to a charitable organization. Even if you don’t have children, some people like to own a life insurance policy as part of their overall financial planning for charitable giving and tax purposes. You can name a non-profit organization, university or charitable organization as the beneficiary of your life insurance policy, and in the event of your death, leave the money to a favorite cause.

Are you looking for affordable life insurance from the best life insurance companies? Talk to the experts at MyInsuranceExpert.com. We have a team of dedicated advisers who can give you free life insurance quotes online. Whether you need term life insurance quotes or want to know the best term life insurance rates, MyInsuranceExpert.com offers you a selection of the best life insurance companies, to help you find the right life insurance policy to suit your needs.

 

MyInsuranceExpert.com helps people throughout the United States acquire affordable insurance from A-rated carriers. By leveraging “Artie”, a crazy old guy who knows everything about insurance (actually a proprietary technology) licensed Advisors at MyInsuranceExpert.com find the best value for each client.