Whether you’re fresh out of high school, starting a career, a new parent, or years into retirement, life can be unpredictable. You can plan for your future, but you can’t really predict everything that might happen to you. This is where life insurance can help. Our whole life and life insurance policies offer peace of mind through all expected and unexpected life events to come.
Are you wondering, “Do I need life insurance?” Our experts say that life insurance is important for everyone. Still not convinced? Read on to see the life events that may prompt you to get a policy, or the many times you can benefit from one.
Going to college
While you are busy researching universities and courses, explore life insurance. College is a big expense. Getting life insurance at this stage ensures that your loved ones are not left to pay off your student loan debt should something happen to you. Securing your insurance while you̵7;re younger (and likely healthier) will also help you lock in a lower interest rate for the future. And it’s cheaper than you might think.
Build your life
Getting married and buying a house are just some of the exciting milestones you experience as you begin to build your life. These fun moments can also lead to important conversations about debt accumulation and the importance of life insurance. Should something happen to you or your partner, whole and term insurance policies can protect your family, their income stream and their lifestyle. Make sure the insurance covers the cost of your home or other bills so your loved ones can maintain their standard of living. With life insurance, you can continue to build happy memories and have protection for everything to come.
Thinking and planning ahead
Life is unpredictable, and there is no way for people to guess when things might happen to them. No matter who you are, single or part of a family, there is someone you leave behind. Unfortunately, this also means that your loved ones will have to take on your guilt during their grieving period. Life insurance can help them with these costs, which can provide peace of mind during a difficult time. See the many benefits of investing in life insurance as an individual.
To grow a family
Having a baby is a time of overwhelming joy combined with some trepidation. As much as parents would love to protect their children from potential harm, it is impossible to avoid. Starting a life insurance plan for your children when they are young can help protect their financial future. When you start a plan young, there are lower rates, time to build on, and coverage for health issues. This cost-effective idea will be extremely beneficial to your children as they grow… and one day they will thank you for it.
Change careers or start a business
Changing jobs can be scary, especially if your plans are to start your own business. During this stressful and exciting time, it can be reassuring to know that there is coverage to protect against surprises. Life insurance protects business owners and their labor of love from the unfortunate death of a key employee, collateral damage, loss of family income and when appointing a successor. Obtaining or adjusting life insurance coverage is a crucial step when changing jobs.
Retires or declines in health
As you age, you can look forward to retirement and have more time for the things you love. But this can also be a time when one’s health begins to decline. As you approach retirement and plan for the rest of your life, life insurance can be an important part of the process. It can help you leave behind money for funeral or other expenses so that family members do not have to bear the costs.
Stop asking the question “Do I need life insurance?” and start enjoying life with more peace of mind. While these are some of the moments that may lead you to want life insurance, you don’t need a special life event to sign up for whole life or term life insurance. Talk to a local, independent agent today to find the best plan for you and your needs. Learn more about the benefits of life insurance by visiting lifehappens.org.