How to protect your loved ones?

Insurance is an odd financial animal. It’s one of those few things that we pay for that we hope we never use. Life insurance certainly heads this list. We pray we never need to use our life insurance because if we do it means a loved one has passed away. But, we also know that death is a part of life and sometimes it comes much sooner than we would hope. Having sufficient life insurance can help make sure our families will be taken care of at least financially after we are gone. But, how do we know what kind of life insurance we need? How much is enough? Does my stay at home spouse need insurance too? What about my kids?

For this instance there is a very beautiful poem up sums up the idea of life insurance being love insurance.

                                Because he loved me,

                                   He did the dishes,

                                   Rubbed my feet,

                             Surprised me with tulips,

           Took me to musicals even though he didn’t like them,

                   Carried my bags while I did the shopping,

                                  Held my hand.

                       He died of cancer four years ago.

                               Because he loved me,

                              I can stay in our home.

                         I can be here for our children.

             I can afford to pay for their college education.

       I can worry about the other things in life besides money.

                   He still loves me. And he still shows it.

You never know what life may bring. This is why life insurance is important. You plan a forever future together, but if something unexpected happens to one of you, your surviving loved one shouldn’t have to put their dreams on hold indefinitely. Life insurance can prevent this.

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TO PROTECT YOUR FAMILY AND LOVED ONES

Why life insurance is important?

TO PROTECT YOUR FAMILY AND LOVED ONES

If your loved ones depend on your financial support for their livelihood, then life insurance is a must, because it replaces your income when you die. This is especially important for parents of young children or adults who would find it difficult to sustain their standard of living if they no longer had access to the income provide by their partner. You will also need to provide enough money to cover the costs of hiring someone to cover the day-to-day household tasks, like cleaning, laundry, cooking, childcare and everything else a growing family needs.

Death shouldn’t mean debt.

Life Insurance can help your dependents cover any financial responsibilities that are left after your death. Debt can be a tremendous burden, on top of the already emotional toll your absence creates in their lives.

Anything can happen.

If you develop a serious illness, you may not be able to get life insurance to the extent you need it — or at all. If you have a terminal illness, life insurance can provide you with financial support. Life insurance can also be used in case of emergencies by requesting a withdrawal or loan.