The True Value Of Life Insurance

Life insurance is about providing for the people you care about most. It pays them a sum of money that you choose and may help protect them from the financial impact of your death. These funds can help your loved ones pay monthly living expenses, stay in their home and pay off debts, including final expenses. It can also help send a child to college one day, continue a family business, or leave a legacy for your favorite charity.

Life Insurance gives us the financial means to provide for the people we care about most in the wake of an untimely or extended sickness related death. It will replace the lost income when the “breadwinner” is no longer here. In most cases, life insurance is a basic contract between a policyholder and an insurer where the insurer promises to pay an agreed upon lump some to your chosen beneficiary in exchange for a premium and it is paid upon the death of an insured person.

Securing life insurance is a vital and necessary component of your overall financial planning.  It is an adult responsibility to support and protect our family now and to make certain that those that you care most about can continue to live the lifestyle that you have established.