Nobody enjoys thinking about a future where they won’t be around. But as uncomfortable as it is, it’s important to have a plan for the accidents and injuries that can compromise your family’s lifestyle. Life insurance helps alleviate stress by protecting your family’s income and autonomy. It might seem like an unnecessary and overcomplicated expense, but it’s an important safeguard against worst-case scenarios. Insurance coverage can’t undo a tragedy, but it can help alleviate the financial burden of tragedy and prevent financial catastrophes for you and your family.
Life Insurance is for Everyone
Life insurance is important for everyone, even for people who are young or in good health. While most people could benefit from life insurance, you may want to put more emphasis on getting some if any of these cases apply to you:
- Your household relies on your income.
- You have a mortgage.
- If you are divorced and depend on child support.
- You are a parent.
- If you have outstanding debts.
Insurance helps protect your lifestyle and your family, so that you can rest confident in their security. Life insurance can help your family pay off debt, replace lost income, pay tuition, equalize an inheritance, and pay estate and income taxes. There are many types of insurance, including term, permanent, whole life, universal life, variable life, and more. There is a policy that works for nearly everyone’s unique situation. New hybrid policies can also offer a variety of other options that can serve as emergency funds or provide long-term health care benefits.
Better While You’re Young
Many of us are procrastinators, but getting insurance isn’t something you should wait on. One benefit of getting insurance when you’re young is that it’s usually less expensive, especially if you’re healthy. When you’re young you have a lower chance of needing life insurance, so the price lowers to reflect that difference.
Life insurance is a good safeguard to have in place; The sooner, the better. This is one of those items on your to-do list that shouldn’t wait. Fortunately, Setting up an insurance plan that works for you is easy when you have someone to walk you through it. Wealth Management is a great place to have that conversation. Click the link below to sign up for a free consultation with a Wealth Management specialist.
What are you waiting for? Get connected to a financial advisor.
Registered Representatives offer securities through Securities America, Inc., Member FINRA /SIPC. Advisory services offered through Patriot Financial Group Insurance Agency, LLC in association with Wealth Management Powered by Main Street Bank. All are separate entities. There are no bank guarantees. Investments may lose value and are not bank deposits. Investments are not insured by any Federal Government Agency and are not FDIC insured.
|Not FDIC Insured||No Bank Guarantee||May Lose Value||Not a Bank Deposit||Not Insured by Any Federal Government Agency|