As with all insurance, life insurance plans are about preparing for the unexpected. We don’t plan to have a heart attack or meet an untimely end. We may fret about the unforeseen, but there are few ways to prepare for it. Life insurance provides a way to be prepared and get peace of mind. The below statistics show just how unprepared most people are when it comes to life insurance:
· 40% of American adults have no life insurance
· Over 50% of U.S. households lack adequate life insurance coverage
· About 40% of people surveyed say they would have immediate financial trouble if the primary wage earner in their household died
The main reason to buy life insurance is for financial protection for your family and dependents. If you are the sole income earner or the major provider in your family, then life insurance definitely makes sense. If you should die unexpectedly, your policy will help your loved ones pay your final expenses and potentially receive ongoing support. The amount they receive will depend upon the size of policy you buy. Get prepared and call us today to find out what type of policy is right for you.