It's not something we like to think about. We put it off and then "life" happens. A friend or a family member unexpectedly passes away. Or we hear about a co-worker who died and left a spouse and children behind. We are even taken back when we hear of someone losing an elderly parent. Emotionally we are never really prepared but we can be financially prepared.
This may be the time for you to think about life insurance. Why? Because most likely, you matter to someone. It would matter to someone to be able to pay for your final expenses. It would matter to someone to not have to worry about how they would pay the mortgage, pay for college or even pay for food.
No, life insurance does not insure that "life" won't happen but it does help assure us that life can go on.
According to the National Association of Insurance Commissioners more than 2,000 companies in the United States sell life insurance. There is no shortage of agents and entities marketing life insurance. It is as close as your local bank. However, more than 25 million Americans, roughly one in five households don't have life insurance. And among those who do own life insurance, experts say most are underinsured.
It is a rare situation when there is no need for life insurance or when having life insurance wouldn't benefit those left behind. No matter if you are rich or poor, young or old, choosing to own a life insurance policy will make a significant difference to your loved-ones.
There is no right or wrong type of life insurance. The right life insurance policy is the one that meets your objectives and fits your budget and most importantly, is in force when you die.
Life insurance is a tool that can be used to simply pay the mortgage and replace lost income or be used to create or preserve an estate. It is a simple solution to some very difficult situations. The bottom line is that life insurance isn't for those who die. It's for those who live. Don't wait until it is too late.
Here at CNB Insurance Agency, we are committed to helping you sort through the many different options and show you how to find a plan that's right for you and your family.