Dear client or prospect,
Life is not permanent and it is bound to end at one point. Death
is part of the natural course of human existence, however, problems can occur if you should face it prematurely. Your untimely demise can have devastating effects on your family, not just emotionally but also financially.
The lost of a loved one can cause bouts of pain, but this pain can be more severe if your death will leave your family financially burdened. This is where life insurance comes in handy. A life insurance policy doesn’t have the ability to satiate the grief brought about by your departure, but it enables your family to retain the same quality of life especially if you’re the primary provider in the household.
Life insurance is a policy designed to pay off benefits after the policyholder dies. The death benefit in the form of a lump-sum amount will be awarded to your named beneficiary. Your heir can use this amount in any way he or she wishes. It can be used for outstanding debts such as mortgage, a child’s education or medical and funeral bills you have incurred.
Clearly, life insurance is a sound risk-management strategy if you want to save your family from the implications of your untimely death. Though important, statistics show that 3 out of 10 American households are uninsured. 11 million of which include children aging below 18. Furthermore, 40 percent of the 11 million households admitted they’ll have difficulty settling their bills if the main provider dies unexpectedly.
Most people think that life insurance is just for the breadwinners, however, this is a wrong notion. Life insurance
is an issue for a wider range of people. If your death can impair someone financially, then you need to look into the advantages of being covered with this insurance policy.
If you’re single, you may contest if you actually require this insurance policy because evidently, you don’t have a spouse and children of your own. However, if you still provide assistance to your parents or loved ones with any kind of expense, then your untimely death can still cause strain to the people close to you.
Meanwhile, life insurance can still be necessary even for housewives or stay-at-home spouses. Even if you’re not bringing money in the household, you are still responsible for the upkeep of your home as well as providing care for the family. Should you die, your loved ones will have to pay for homemaking and even babysitting services. More so, you will likely incur fees such as for health and memorial services
. Indeed, life insurance is everybody’s issue.
People work hard in order to build a comfortable life not just for them, but for their loved ones as well. Don’t let all that toiling go to waste and leave your loved ones empty-handed just because you succumb to death earlier than expected. Avert its threat to your family by being equipped with life insurance.
Your financial advisor