Protect Your Family with Life Insurance
Life insurance is a productive means of protecting your family and ensuring financial security for your loved ones. Each person’s financial protection needs are unique, but the factors that you must consider are not considered to be unique. If you were to die at this moment, what would your dependents need and have available to them? If you were no longer around, what resources would your loved ones have at their disposal? What financial obligations would your loved ones have? Your mother, your father, your brother, your sister, your spouse, your son, your daughter – these are the people you love, and these are the people that life insurance is designed to assist in the event of your death. These individuals make you smile, they support you, they create memories with you, and they depend on you. By obtaining life insurance today, your family’s tomorrows will be protected.
Life Insurance Benefits
There are many benefits associated with life insurance. In order to truly understand the importance of this type of insurance, you should first understand all of the advantages of obtaining a policy and what that policy is capable of – within your lifetime, and after:
- While it is true that life insurance may not replace you, as a person, once you have passed away, it has the ability to replace a portion, or even all, of your current income. Not only is the policy capable of covering the costs associated with your funeral, but, it has the ability to pay any outstanding debts that you owe, and assist in covering your loved ones’ day-to-day expenses, such as housing costs, utility costs, food, and clothing. If your policy has an exceptionally large monetary value, it also has the ability to finance college tuition for a loved one and/or assist in the establishment of long-term care funds or retirement for those that you leave behind.
- A life insurance policy has the ability to assist in household and childcare expenses, in the event of your death. If you were to die, and leave behind a spouse, it will be necessary for that loved ones to make changes in their life that allow them to continue to meet financial obligations. Life insurance has the ability to assist in covering the costs of childcare, transportation expenses, and payments for a service that will assist in chores and household maintenance.
- If you elect to sign up for whole life insurance, the policy has the capability of providing you with cash benefits that may be used during your lifetime. Examples of these events include, but are not limited to, purchasing a home, purchasing a vehicle, unexpected emergencies, and funding educational pursuits.
- Finally, life insurance has the ability to leave behind a lasting legacy after you have passed on from this life. The funds associated with the policy that you obtain has the ability to fund the future and even help in fueling dreams for your loved ones.
Life insurance has the unique ability to assist your loved ones once you have died. Those that you love the most will be able to successfully live their lives without the complications of facing tremendous amounts of debt, being caught unexpectedly with no income, and having to make financial arrangements for your funeral and associated expenses. Life insurance allows your loved ones to avoid the issue of fearing for their financial future. It assists in providing funding to a household while it works to regain what many refer to as “financial footing”. If you want to ensure that the financial future of your loved ones is protected after your death, be certain to obtain a life insurance policy today.
Bill Kinder @BKAssocAdvisors
Bill Kinder is the President and Chartered Financial Consultant with Bill Kinder & Associates. A company that helps people from all walks of life and income levels to position & manage their money wisely, minimize their taxes owed, protect their assets and plan for a comfortable retirement. Bill has been in business for over 35 years, holds a BS degree, plus a Chartered Life Underwriter and Chartered Financial Consultant certifications, as well as the Million Dollar Round Table’s “Top of the Table” honor. Follow him @BKAssocAdvisors or if you would like to ask him a question, send it to firstname.lastname@example.org. If you’d like a FREE ‘WISE Money’ Consultation, call him at (304) 250-0250.