Any type of insurance can be complicated. Many choices can make things confusing and hard to know what you really need or want. However here at EM Financial Group we are on your side, we make life insurance easy. Here are five very good reasons why you need life insurance.
TO PROTECT YOUR FAMILY AND LOVED ONES
If your loved ones depend on your financial support for their livelihood, then life insurance is a must, because it replaces your income when you die.
TO LEAVE AN INHERITANCE
You can create an inheritance by buying a life insurance policy and naming them as beneficiaries. This is a great way to set your kids up for a solid financial future and provide for any monetary needs that will arise.
TO PAY OFF DEBTS AND OTHER EXPENSES
In addition to providing income to cover everyday living expenses, your family needs insurance to cover any outstanding debts, like the mortgage, credit cards and car loans. Other expenses include funeral and burial costs that can easily run into the tens of thousands of dollars.
TO ADD MORE FINANCIAL SECURITY
Like most parents you probably want to know your kids will be well taken care of when you’re gone. You not only want them to get a quality college education, but to provide for other life ventures.
TO BRING PEACE OF MIND
We can’t know when we’ll pass away. It could be today, tomorrow or 50 years from now, but it will happen eventually. No amount of money could ever replace a person. However, more than anything, life insurance can help provide protection for the uncertainties in life.
source - Payoff.com