What is purpose of life insurance
It might not be for you but here are a number of reasons.
Your life insurance can be a sound financial investment and planning tool.
In the event of death, your life insurance policy can serve as replacement for some lost income so that your family and loved ones do not endure financial hardship.
A life insurance policy can pay for your final costs and expenses. Burial costs, estate planning, attorney and administration fees, debts, and medical expenses all contribute to high costs at time of death.
What is purpose of life insurance
Your decision to purchase life insurance gives loved ones the peace of mind that these financial burdens do not become lasting monetary hardship.
Your life insurance can also be an inheritance to your heirs, even if you have no assets at time of death.
Your life insurance policy can also act as a savings account in some instances, which can be withdrawn or borrowed at your request.
Your life insurance can also be used to make a planned charitable contribution at the time of your death.
What is purpose of life insurance
Your decision to purchase life insurance should not be taken lightly. If you have questions on how to buy life insurance or questions regarding the process to buy life insurance, click on – Your Life Insurance 411
Because you care.
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