Life insurance is one of those policies we don’t really think about much. If we are single, we don’t think we need it, but really, it is good for everyone to have it in place.
It protects our families in the case that something happens to us.
If you are single but own a home or a car or other possessions, a life insurance policy will ensure that your family doesn’t get stuck paying off what you owe and can spend time grieving and not worry about what the financial situation may look like.
If you are in a partnership or have children, this ensures that the lifestyles of your loved ones stay intact instead of them having to move from where they live or go without in different areas just to scrape by since they don’t have your income any longer. It gives your family an opportunity to pay off debt or put away money for a college fund. It also provides an income stream to live on for a bit for the family.
If you own a business, life insurance helps to keep the business open if that is what your family would like to do.
May 2nd is National Life Insurance Day. This marks the anniversary of the first day that life insurance became available in the United States. It also is a chance to bring awareness to the many benefits of having a life insurance policy for anyone that may be considering it but isn’t sure if they need it.
Life Insurance sales began in the 1760s. Between 1787 and 1837, more than two dozen life insurance companies were started, but not many survived.
There are policies to suit all types of needs and situations. If you are considering a policy and would like more information, or if you have a policy and want to make sure it is the best option for you, please reach out. Here at John Scott Insurance Agency, we care about keeping your loved ones safe and secure and helping you to sleep easier knowing things are taken care of if there is ever an event they need to be.
Remember, life insurance policies don’t have to stay the same forever. They can change as your life circumstances change. That is why a policy review is helpful.