Would your loved ones be financially secure if you passed? Or would they be left wanting? The HighPointe Insurance Services LLC, serving the Overland Park, KS area, can explain why life insurance is so vital to the security of your family.
In addition to paying for your final expenses, there are other reasons you should have a life insurance policy. You want to ensure your loved ones will have income and be able to pay off debts.
- Life insurance provides for lost income – it helps ensure your family will not face financial hardship if you suddenly pass away. This is especially important if you are the primary breadwinner and have children. Your spouse may not be able to cover the mortgage or tuition costs. If your spouse needs to return to the workforce, and daycare is needed for young children, the death benefit would help with these costs.
- Life insurance helps to cover bills and debts – If you pass away, leaving a car loan or credit card debt, it still needs to be paid. The death benefit can help cover these expenses, so the costs are not left to your family.
- Stress reduction – When a loved one passes, both emotions and stress are high. It will be compounded and more difficult if there are financial concerns. Knowing they have a financial cushion to fall back on will ease some of the stress related to their loss.
Knowing that the death benefit can help cover the mortgage payment, for example, can give your loved one the time needed to adjust and go on at their own pace.
Contact HighPointe Insurance Services LLC to obtain a no-obligation quote or an answer to any questions you may have. You will be glad you did.