Many young people avoid the topic of life insurance, as the topic of death is making everyone uncomfortable and it is far away. We all hope to live a long life but statistically some of us won’t have the opportunity. Each year, roughly 465,000 Americans will die prematurely leaving behind loved ones who will have to manage financially in their absence. Learn about seven amazing things life insurance can do for families:
1) Buy time
Allows loved ones to focus on their grief by helping to pay funeral and other final expenses.
2) Provide a fresh start
Let loves ones start with a clean slate by helping to pay off credit card bills, outstanding loans and even mortgages.
3) Generate Income
Helps replace lost income for years to come so that surviving family members can continue to pay for life’s necessities.
4) Offer Flexibility
Give s surviving spouse the chance to take time off from work or to switch a job that offers a more flexible work schedule.
5) Create Opportunities
Give a surviving spouse the chance to start a business or pay for schooling so surviving families can rain for a new career.
6) Fund the Future
Offers a way to fund longer-range goals like college education for the kids or a retirement for a surviving spouse.