The fact is you can lose your job. You can become seriously ill and get laid off from your job. You may decide to leave your job to start your own business. Your job can go out of business. The amount of job insurance that you have may not be enough to cover your family’s needs. Having your own policy is simply smart, and the sooner you start, the less it costs, and you can choose a policy that builds wealth for you.
The fact is you are going to die and someone is going to bear the cost of your final expenses. Who is that person? GoFundMe® is not a funeral expense plan. . . it’s a plea for help. For your loved ones it can be embarrassing and humiliating to admit that you didn’t care enough to protect them. Unlike accidents or illness, death is not an unexpected event.
Additionally, there are life insurance policies that offer living benefits, which means you can access all or a portion of the death benefit for your own care in the event of terminal, chronic or critical illness.
Not one penny more than you can afford. A little bit of help to your family is better than no help at all. If you cannot afford to keep the policy in place, then you won’t and it will lapse. Buy what you can afford, even if it’s not all your family needs. It may allow them to bury you without going into debt. It may buy them time to stay in the home until it’s sold. It may pay off a loan, finance a college education, or repair a car. If doesn’t make financial sense to you, it won’t provide any “cents” to the family you leave behind.
“The purpose of life insurance is to provide financial protection to your loved ones after your death. Certain types of life insurance can also function as an investment, because they build cash value and count as a financial asset while you’re alive. Combined with other investments, retirement, and estate planning, life insurance is a key part of a sound financial plan.”
State of Georgia: Office of Commissioner of Insurance and Safety FireFill out a short form and we can provide you with the policy options to best match your coverage and financial needs.
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