An insurance industry-wide campaign led by the nonprofit Life Happens, Life Insurance Awareness Month is a yearly initiative designed to educate the public on the need for life insurance. Life insurance is a type of insurance that can ensure your family’s financial security if you pass away. Anyone who relies on you financially would benefit from the added security of life insurance, which can cover immediate, ongoing, and future living expenses as needed.
If there are people who rely on you financially, you need life insurance. The most obvious example of this would be if you have children. Whether you have children, a partner, heirs, or even a business, life insurance ensures their future financial security. There are too many unfortunate examples of families left to struggle financially due to the loss of a member’s income. This is of course in addition to the mental and emotional stress of losing a loved one.
Although it might be something you don’t want to think about, preparing for the worst-case scenario is important for your family’s future. It’s also important to remember that there are various other costs involved with dying as well, such as funeral expenses. There are various calculators available to determine the amount of life insurance you may need to buy. It’s important that your family is left with sufficient resources in the event of your passing.
There are many different kinds of life insurance, such as term life insurance, whole life insurance, and universal life insurance. It’s important to understand which type of life insurance is best for your needs, and having a well-educated, experienced professional helping you can make all the difference. Elise is experienced with life insurance and can help you with your decision-making process as an Accredited Financial Counselor. We will also be adding a few more life insurance resources on our website this month.
Feel free to contact Elise at (208)918-0201 or email her at email@example.com with questions.