Why Is Life Insurance Important?


Life insurance is very important to the ones you care about most. We, as human beings, are more valuable than any item we purchase regardless of price. Life insurance is the most affordable solution to help loved ones through a difficult time.


We all have an expiration date and we don’t know when that date will come. Life insurance builds a wall of protection for your loved ones. It is one of the most responsible things a person can do for the ones they love.


Kids Need Life Insurance Too


One common objection people have to buying life insurance for their children or grandchildren is they don’t want to monetarily benefit from the child’s death. A child’s death is the worst case scenario and having life insurance can be a financial safety net for when the worst happens.


There are situations where a family has to make monthly payments to a funeral home until their child’s funeral costs are paid off. There are other situations when you hear that a trust fund has been set up for the family to help with the unexpected costs.  It helps to be prepared in the event of tragedy.



Life Insurance Facts For Parents


Life insurance works by providing beneficiaries with a tax-free benefit that can help pay off loans and debts, pay day-to-day expenses, and maintain lifestyle. It can also pay for children’s education and cover expenses like funeral costs, while protecting retirement or rainy day savings.


Life insurance can be tailored to suit an individual’s budget, lifestyle and needs at every stage of life — and offers the flexibility to make changes as needs evolve.  Employer-provided plans can leave families unprotected because coverage amounts may be insufficient and may not continue if the individual leaves the job or becomes disabled.


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