List Headline Image
Updated by craighhagler on Apr 11, 2018
 REPORT
craighhagler craighhagler
Owner
5 items   1 followers   0 votes   0 views

5 Reasons to Buy Life Insurance

When someone offers us life insurance, it’s easy to dismiss it as just another useless product coming from a sleazy salesperson. However, in many cases, getting a life insurance actually makes sense! Here are just some reasons why.

1

You’re Still Young

Most people think that life insurance is something that they should deal with when they’re older, but they couldn’t be any more wrong. If you’re at your prime, now is the best time to purchase life insurance because it’s cheaper! Moreover, there’s no guarantee that you’ll be granted a policy when you wait until you’re older.

2

You Haven’t Saved Enough

If you have very little savings, you may not be able to have enough cash for emergencies or sustain your lifestyle after retirement. Many life insurance policies have cash value which you can withdraw during emergencies or convert to an annuity when you retire.

3

You Have a Business

If you are self-employed, you don’t have the benefits of a regular employee, such as a sick leave or a health insurance. You have to make your own arrangements so that you are protected when the worst comes. This is especially true if you are in a business partnership. If you have insurance and your partner dies, you will be able to buy out their shares and settle all their obligations without liquidating the company.

4

You Have Loans to Pay

Any financial responsibility that you leave behind can be extremely hard for your family, but if you have insurance in place, this can help cover any remaining debt as well as your funeral expenses.

5

You Have Dependents

No amount of money can ever replace your life, but it makes sense to have an insurance ready especially if your children are still young. If you have life insurance, your spouse or appointed guardian will not have to shoulder the financial burden alone. The benefits can also help fund your children’s education.

If you’re a single mom, you especially need life insurance to protect your children! Visit Insurance Hero to compare the best prices on life insurance for mums.