Life insurance is one of those things that seems to keep moving down on the list of things to purchase. People always tell themselves they have plenty of time to think about it later. Unfortunately, later often does not arrive and the life insurance policy remains unpurchased. This is often because people do not realize that life insurance is much more than simply money for burial expenses when a person passes away. There are many types of life insurance policies and many benefits of having an active policy.
Beyond Funeral Expenses
Consider what would happen if you were to have an accident at work. If you have a young family, they would suddenly be without income. Some life insurance policies include clauses that will help provide for families when they lose the main income earner of their family. If the worst happens and you lose your life, the money from your insurance policy could make the difference between your family being able to grieve properly and take time to re-organize finances, pay the mortgage and utilities or being destitute during this confusing time.
Another type of life insurance allows the policy holder to get a loan against their policy. During economic hardship, the kids attending college or the need to make a major purchase, this option could make things a lot easier financially.
Life insurance policies are much more than funeral benefits. The sooner you purchase a policy, the better your chances of being prepared for whatever life throws your way. Many policies are based on age and health, and purchasing when young can save you money over time. Visit Weber Insurance & Financial Services, LLC today and get a quote to see what a life insurance policy can do for you. Then give one of our agents a call. We will talk with you about your needs and help you decide what policy fits those needs the best.