Prepare for the unexpected
If your car is sideswiped on the highway and damaged beyond repair, you have auto insurance. If a family member falls ill and needs medical care, you have health insurance. If a fire destroys your home, you have homeowners insurance. But if your spouse suddenly dies — do you have life insurance?
Life is full of unexpected events that can have far-reaching consequences. Although many people don’t like to think about potentially unpleasant possibilities, protecting yourself and your family against unforeseen events is part of sound financial planning. Life insurance plays a central role in providing that protection.
Unfortunately, thousands of homes are lost yearly because the primary mortgage payer passes away and the surviving family can’t afford to keep up the mortgage payments.1
Too many Americans do not have adequate life insurance protection. According to the industry research group LIMRA, 95 million adult Americans have no life insurance whatsoever. This means a majority of families either have no life insurance or not enough coverage, leaving them one accident or terminal illness away from a financial catastrophe.2
The more you know, the better you can plan
Life insurance, for those who qualify, is a powerful tool to help meet a wide range of personal and financial goals. Yes, Life insurance can be a way of providing immediate funds in the event the family “breadwinner” dies but it can also be used to help pay off existing liabilities such as auto leases, car loans and most importantly, a home mortgage. Make sure your life insurance will cover your mortgage or rent so your family can continue to live in the home you’ve worked so hard to provide. And life insurance can help provide funds for future expenses such as college costs for children or grandchildren.
For more information on the importance of life insurance, visit our website and call me. I want to help you learn all you can about life insurance because the more you know, the better you can plan for what’s ahead. Planning for the unexpected is the beginning of providing financial security for your loved ones, so let’s start planning today.
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