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Life Insurance

Life Insurance is often a very sensitive topic for people. However, it is also something that is really important and it should not be ignored. It stands to reason of course that no one likes sitting around discussing the fact that they or their loved ones will die, but the sad reality is that death is inevitable. That means that at some point in the future your loved ones will be faced with the responsibility of settling your final affairs and providing for your burial or other final wishes. The last thing you want to do is give them anything else to feel stressed out about during their time of grieving, and that is why it is so vital to make sure that the financial end of things is taken care of.

One of the saddest things that can happen is when a young parent passes. This not only causes a great deal of emotional pain to their spouse, children, and family, but it can also quickly and dramatically alter the financial landscape of the family. For example if the deceased person was the family’s primary breadwinner, or an important financial component of a two-income family then that will leave the family with a major financial deficit that they will have to overcome. However, the situation is no better if the deceased person was a stay at home parent or other nurturer since that now leaves the family without this key role being filled. Child care costs and the other costs of paying someone else to handle day-to-day affairs of the family can be just as financially crippling as losing the income from a working parent.

In addition to the scenario above many people are responsible for the care of their elderly or disabled parents or that of a child, spouse, sibling, or other dependent. It is essential that they make arrangements for the care and well-being of these dependent people in the event that something happens and they are no longer around to support them.

However, when all is said and done life insurance is important at any age, even for people who do not have any dependents. The reason for that is because most people still choose to be buried and burial expenses are higher than ever. Even for people who chose to be cremated, these costs can still be more than they might think and it is important to make sure that your loved ones have a way of paying for these final arrangements. Plus many people just want to make sure that they are able to leave behind a financial legacy that can positively impact those closest to them.

The good news is that it has never been easier to find affordable life insurance that fits your own particular needs. You can choose from term life policies with level terms or decreasing death benefits, or you can go with a permanent life policy such as whole life, universal life, or variable life. The specifics of each policy vary as do the costs and benefits. We are always happy to answer any questions you may have as well as provide you with price estimates so please don’t hesitate to contact us!