Good Reasons to Secure a Life Insurance Policy
Life insurance is one of those policies that just about everyone needs but far too few people actually have. It’s easy to let the idea of life insurance in Antioch, CA fall by the wayside, especially when you’re young and healthy. However, the longer you wait to secure a policy, the greater the chances of something happening before you get coverage. For a few good reasons why we need life insurance, read on.
To replace lost income.
Life insurance works to provide financial security to your loved ones when you pass away. So that your family can focus on mourning the loss, life insurance is designed to replace your income. This coverage is especially important if you have dependents who rely on your income.
To cover burial expenses.
Believe it or not, but even a basic funeral service can run upwards of several thousand dollars. Life insurance can give you and your beneficiaries the peace of mind knowing that the money is there to give you a proper send off.
To build cash value.
When you take out life insurance, you have two options: term life insurance or whole life insurance. A term policy stays in place for a set period of time. A whole life policy allows you to build up cash value over time, which can be an attractive prospect to many people. It is especially useful if you have a financial emergency down the road and need immediate funds.
To support college goals.
A life insurance policy is a viable option when looking to save money for your child’s education. If your child ends up borrowing money to get through school, the insurance proceeds could help to wipe out those dreaded student loans.
To give peace of mind.
No one can predict the future. Having a life insurance policy means you and your loved ones can prepare for any eventuality. Even with a small policy, you may find yourself sleeping a little easier at night knowing your family has the protection they need and deserve.
Talk to the expert insurance agents at Jack Stone Insurance Agency for a reliable life insurance policy that meets your needs and budget. Serving Brentwood, Antioch, and surrounding cities in California, contact us today! Please open our links in a new tab to continue enjoying our content!