3 Things to Know About Life Insurance
Life insurance is one of those things no one likes to think about. We get it—it’s not exactly the most pleasant topic of conversation. After all, who wants to contemplate the kind of catastrophe—whether illness or injury—that could end their life and leave their family to fend for themselves?
And yet it’s because of those families that we need to have this conversation. Nothing in life is certain except death and taxes, remember? So instead of running from this fact or ignoring it, we need to prepare for it. The best way to do that is by making sure you have a good life insurance policy that can protect your loved ones after you’re gone.
Whether you already have life insurance and need to update your policy, or are thinking about buying it for the first time, these three tips will help.
1. If you are the breadwinner of your family, you need life insurance.
This is the first rule of life insurance, and to many people it’s the most important. If you are the main provider in your family, your responsibility doesn’t end. You must make sure the people you leave behind will be cared for and protected—no ifs, ands, or buts about it.
2. It’s not about putting a price on your life.
It’s impossible to say how much a human life is worth. We are each priceless, after all. However, it is possible to calculate how much money your family will lose should you no longer be around to earn it and provide for them. Life insurance lessens the financial burden of those you leave behind. It also helps cover outstanding debts, funeral costs, and lost income. Therefore, it’s important for breadwinners, but also stay-at-home spouses.
3. Life insurance can be expensive, or not—it’s up to you.
Sure, you can apply for a policy that has all the bells-and-whistles, with huge premiums and a giant payout. Most people, however, don’t need all that extra stuff. A simple policy for a healthy, non-smoking man in his 30s can actually be quite affordable. The trick is to find the policy that best suits your unique situation and your unique needs, and that’s where an agency like Sheally Insurance Group can be a major asset.
An open and honest discussion about life insurance isn’t depressing and doesn’t have to be scary. It can even be life-affirming, since it’s about protecting your family and preserving your legacy. Life insurance gives you control over your circumstances, no matter what happens. Start the conversation by contact Sheally Insurance Group today—you’ll be glad you did.