Life insurance may be the most important aspect of insurance to consider, not only for yourself, but also for your family. This is especially important if you are, or a loved one is, providing your family’s main source of income. Special consideration should be taken to protect the financial stability of those you care for.
In the event of a tragedy, life insurance provides for four major things: your debt, your children, your family’s future income, and if you have one, your business. Life insurance can help avoid turning a personal tragedy into a financial one by assisting in paying off home, school, or business loans that your family may be left with and buy them the necessary time to reestablish themselves. If you run a business, offering life insurance can help you keep valuable employees, provide for the families of an employee who passes, and assist in the transfer of a business in the event an owner or partner dies.
The simplest type of life insurance and usually the cheapest to start.
From just 15 days old, these policies are designed to serve as an investment that lasts as long as you do. The younger you are when the policy starts, the cheaper your rate will be, forever!
Similar to Whole life insurance, but allows greater flexibility in premium amount and timing.
Life insurance is clearly beneficial and arguably necessary, however that doesn’t make its consideration any easier. We recognize that to prepare for the worst, we have to understand the worst. And that intimidates most people. We’re not here to judge or convince you that you need something you don’t, but if you’re interested in talking about how life insurance can help ensure a financially stable future for your family after you or a loved one passes, a Golden Sunrise Insurance agent is always available.
