Jun 23 2009
Do You Need Life Insurance?
By definition, life insurance is income protection against financial loss in the event of your untimely death. Below you’ll find questions to ask yourself to help determine, whether or not, it makes sense for you to buy insurance:
Needs Assessment
- Are you married?
- Own a business?
- Dependent children?
- Other dependent relatives (i.e., seniors, disabled)?
- Possess a formidable estate?
- Currently have major financial obligations (i.e., mortgage, multiple loans)?
The Value of Life Insurance
If you answered yes to one or more of these questions, I’d have to say, life insurance is definitely necessary for securing your family’s future! Aside from handling the financial responsibilities left behind, a good life insurance policy can help your family meet ongoing expenses, fund major financial obligations (i.e., a college education), and maintain their current life style.
Useful Resources
If you’re interested in life insurance, I’d encourage you to visit the lifehappens.org website. Life offers a wealth of resources to help you make smart insurance planning decisions. Otherwise, any insurance salesperson will be delighted to explain the various policies available to you.
