How will you care for your family after you pass?

September is Life Insurance Awareness month. We know the importance of car and home insurance but life insurance is just as important, if not more so.

Popular crowdfunding websites like GoFundMe can help in an emergency or crisis, but it shouldn’t be what a grief-stricken family relies on to pay your expenses after you pass away unexpectedly. A quick search for “crowdfunding funerals” shows how many families are left doing just that. Is that how you would want to leave your family?

Proper long-term planning is vital to ensure your family will be well taken care of after you pass away.

Many people opt for only the coverage provided by their employer but in most cases that is not enough. There are three major reasons why having enough life insurance coverage is important:

1. Funeral costs alone average around $10,000-$15,000. That is a huge debt to leave your family responsible for on top of future debts like college expenses and bills.

2. The cost of life insurance increases with age. The sooner you start it, the better.

3. Not everyone is eligible for life insurance. There are several medical/ health conditions that may leave you uninsurable or with a higher rate later in life.

Every individual, couple, family, and business should be treated independently, as everyone has a different priority, situation, and need. As professionals, it is our job to ensure we discuss not only your insurance needs, but personal and financial goals as well.

The primary goal of life insurance is to provide a safety net should you have an untimely death that will provide your family with the ability to pay for funeral expenses and the means to continue living the same lifestyle.

There are many life insurance options available, so it’s very important to schedule an appointment with a professional prior to shopping and selecting a policy to ensure that you’re making the best choice to meet your individual needs.

For more information or questions please feel free to contact me at 931-553-1969 or online.