Do I Need Life Insurance?

Many people ask this question because there is a belief that Life Insurance is a very expensive product however the reality is that Life Insurance is incredibly affordable and the really expensive part of Life Insurance is not having it when you need it.

If you have people who depend on you, life insurance will provide financial protection for them at a time when it is most needed. The problem is that for most of us, we don’t know when that time may arise.

Life insurance can help insure that any debt such as a mortgage is paid off, and immediate costs such as funeral and travel arrangements are also taken care of. It can also provide a financial base to support an ongoing income to meet the needs of your surviving partner and stabilize the future plans for your dependent children.

If you have any of the following, you are likely to require life insurance

* Mortgage Repayment – a roof over their head doesn’t necessarily mean they’re covered. The right insurance does.
* Raising Children – a loss of income can place huge financial stress on a family. Life insurance will pay for their ongoing education, coaching and living expenses.
* Day to day Living Costs – credit card debt and personal loans won’t just vanish. Life insurance will help to pay off your debts.
* Funeral costs – ranging from $3,300 to $15,000, many families experience unwanted stress finding money for funeral expenses. A life policy will elleviate the impact of funeral costs on your family.