5 Reasons You Need to Have Life Insurance

By John Scott Insurance Agency Lifestyle, Personal Comments Off on 5 Reasons You Need to Have Life Insurance

Things change in life as we get older.  We may get married to the love of our life, build a family with that person, even start a business (or more than one).

We want to be sure we are protecting our loved ones the best we can and that is where a life insurance policy becomes not just a thought, but a need.

Life insurance doesn’t have to break the bank.  Depending on what type of policy you choose it could be less expensive each month than the coffee you buy on your way to work.

It will also bring you peace of mind knowing that money will be available to protect your loved ones in the event of your passing.   Think for a minute of what your life would look like if your spouse were to pass tomorrow?  What would your lifestyle look like? Would you be provided for or would everything in your life change in the blink of an eye?

Now for those 5 Reasons…

1.) Protect those you love.

If you provide the livelihood for your family it is a must to have life insurance that can replace your income in the event of your passing. This is especially important if you have young children or adults who depend on you to sustain them. You need to keep in mind when deciding on your policy the amount that your children may need someday to go to college, and the adults may need to cover costs for someone to come in for caretaking and household tasks.

2. Leave an Inheritance.

Life insurance can provide your heirs with an inheritance even if you have no other assets as long as they are named as beneficiaries. This is a great way to set your children up with a solid financial future and provide for any monetary needs that will arise as they get older.

3. Pay off debts and other expenses

Life insurance will also cover outstanding debts you may have such as your home’s mortgage, credit cards, auto loans, college loans, etc.  It will also provide for your funeral and burial costs if you have not taken care of that ahead of time. These costs alone can run thousands upon thousands of dollars and financially strap a family that does not have that type of money outside of a life insurance policy.

4. Financial Security.

You can provide financial security for your children and their future no matter what they decide to do.  That life insurance inheritance can help them pay for college, get a house, start a business, or anything else that comes up for them.

5. Peace of Mind

We can’t predict the future and we don’t know when we will pass.  Hopefully it will be when we are very old and have lived a long, full life but that isn’t always the case.  We can’t be replaced in the hearts of our loved ones, but we can provide for them from beyond.  That alone will bring you peace of mind.  You won’t have to wonder what will happen to them.  You will know you have provided for them in the best way possible. This will bring them peace of mind also during this difficult time of grief.

Contact John Scott Insurance and talk to our protection team today about what your best life insurance policy option would look like so you can be sure your loved ones are protected in the best way no matter what.

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