Like disability insurance, life insurance is something most people don’t believe applies to them (surely it’s just for the elderly?).
However, your death or your partner’s death could be financially as well as emotionally devastating for your family. Many are forced to hastily sell off important assets, such as the family home, to make ends meet. Life insurance allows you to spare your family from the stress of making tough, life-changing choices such as these in a time of grief.
Life insurance can also benefit you while you’re still alive; certain types of life insurance have a cash value that can grow and serve as equity. Depending on the policy, you can use the cash value of the policy as collateral for a loan or even withdraw the money outright. Life insurance can help you now — and help them later.
To better understand the possibilities, and determine the type of life insurance that could best benefit you and your family, schedule a consultation and personalized quote review.