It’s hard to believe that 85% of Americans believe life insurance is important, yet only 62% have it. Many believe it’s too expensive, so they choose not to purchase it. This is simply not true. Here’s why…
The Top 4 Reasons Anyone Buy’s Life Insurance
1. Leaving a Legacy
A lot of people buy life insurance so that their loved ones can receive an inheritance after they pass away. Largent Insurance offers the best policies along with other Medicare and insurance plans for this reason: to serve your family.
Some people may choose to list a charity as a beneficiary especially if all family members are deceased.
2. Paying Burial Costs and Funeral Expenses
Final Expense Insurance usually helps pay for funerals or any final expense bills such as credit card debt or medical bills. These types of policies are normally small and range from $10-30K.
Funerals can be pretty expensive, but even on the low end could wind up being around $15K. Some people don’t have that amount saved up, so they purchase a small final expense policy to cover it.
3. Replacing Income
Another reason people buy life insurance is to replace lost income and to make sure your family and dependents have enough money to survive.
4. Paying Outstanding Debts
Most people have some sort of debt such as a mortgage, car loan, or credit card debt. A life insurance policy helps pay off those debts. The last thing you want to do is pass along those debts to someone.
The Main Reason People Buy Life Insurance can be summed up in one word…
LOVE.
Love is the number one reason people buy life insurance. Period.
Let’s think about it. Leaving money for your family or donating to a charity of your choice is a gift of love. Making sure your family doesn’t have to burdened and pay for any funeral costs is a gift of love.
Leaving an inheritance for your spouse and children that you’ll never reap the benefits from is a gift of love. Helping pay off debt that you incurred so your family doesn’t have to be responsible is definitely a gift of love. If you think about it, life insurance is so much more than a monthly payment.
It truly is a selfless act of love.
Plan for your future this coming Valentine’s Day! Call Largent Insurance for a free consultation and quote. We’re happy to assist you with your insurance and Medicare needs.
Contact us today by clicking here or calling (336) 408-9402. You can also email Marc Largent, your Independent Agent serving the Winston-Salem, Greensboro, and High point, North Carolina, areas at [email protected].