Life insurance creates an immediate estate for you. There are two types. Whole and Term. Whole has cash value, whereas term has no cash value. Life insurance provides you with peace of mind in the event that something unfortunate were to happen to you. The peace of mind that comes with your family and friends not fighting and going broke over your burial expenses. Losing you is enough!
If you’re over the age of 18 and your parents do not have a whole life policy in place for you, there is no excuse for not having life insurance.
The most common mistake many people make is being scared of purchasing life insurance because they think that someone can use it to financially clean up. Nope! Not the case at all. There’s no such thing as someone taking a policy out on you and naming themselves a benefactor without your signed expressed permission. Even still, it’s you taking out the policy!
The goal of life insurance is to ensure that your family isn’t left with the pain of healing from your loss plus financial agony. Imagine if your loved ones had worked their entire lives to prepare for retirement and had to work another 5 years because they had depleted most of their money to pay for your funeral expenses. Contrary to popular belief, there is no such thing as a free burial and the cheapest option is currently around $7k. Sure, you may even say, it’s just the body. Give your loved ones peace of mind. There is no dollar amount that can be placed on that.
If you find yourself without coverage, let’s get started today! And yes, we can work with your employer to pull it out of your paycheck. Contact us.