Many events in life are unpredictable and that's especially true when it comes to death. We know for certain that we will die, but we don’t know when or how. Life insurance is a way to protect your loved ones that are left behind, whether that is sudden or decades from now. If you don't have a life insurance policy or enough coverage, you should consider this important way to care for your family.
Honoring and remembering a loved one with family & friends is an important part of the grieving process. Your funeral, and burial or cremation, won't be cheap. A spouse or children will have to come up with thousands of dollars at a time when funds may be frozen for months; power of attorney ends upon a person’s death. At a time when they are in sorrow is no time for your spouse or children to be scrambling for funds. Having a prepaid funeral policy guarantees that your wishes are carried out and that they are paid for. This also ensures that your estate and other insurance will fully pass to your heirs instead of being eaten up by funeral expenses.
If you have bought a home, you intend for your family to live there as long as they want. If a primary income earner dies, how would the payments be made? Mortgage life can pay off your house in the event the unexpected happens.
A spouse and children are more important to you than any financial asset. Taking care of their future needs requires money. If you’re not there to provide for them, what will happen? Life insurance needs are different for a person raising children or grandchildren than they are for an empty-nester.
Do you want your children to be able to live like you planned for them, or be dependent on others in the event of an untimely death? Do you want your spouse to be able to keep the same lifestyle after you are gone?
The main reason for life insurance is love for those who depend on you in life. Can they count on you in death? Depending on how you tailor it, you can cover the costs of the future, including higher education, provision for special needs children, and planning for your spouse to be comfortable and independent.
In addition to a mortgage or a business loan, when you die there may be things left unpaid. An accident or illness often involves significant medical bills. Car payments, utility bills, and other obligations can quickly eat into any savings or the value of your estate. Life insurance protects these assets for your loved ones’ needs. This can also apply to pay off cosigned debts held with your spouse or business partners.
Treat your life as an investment to protect your family. If you need life insurance in Oklahoma, Missouri, Kansas, or Arkansas, 4 State Insurance can help you select the best protection at the best price.
