Leigh Insurance Agency of St Augustine Blog
More likely than not, you first come across life insurance when another person offers to you to purchase a plan. When you decide to buy it, do you really understand what it is?
If you are still contemplating if life insurance is a good investment for you, check out the common reasons why it should belong in your financial plan.
Secure The Education Of Children
If you are a parent, you need to secure the education of your kids. Make sure you give the best one. It is one of the life goals of all the parents out there. This is enough reason for you to buy life insurance. If you think the costs and expenses of education of your kids are already covered, then probably you can forget about this kind of insurance.
On the other hand, most people are still not finished saving up for the education funds of their children. If you die, is the money you save enough to continue the education of your child? If your answer is no, then it is better to make life insurance as your safety net.
Settle All Financial Obligations
Aside from the emotional burden, the family members that get left behind after someone dies will also face a financial burden. They will be dealing with unpaid debts, estate taxes, hospital bills, funeral expenses, and so on. These financial problems can take its toll on the family.
On the other hand, if you are single, it is still important to assess how much coverage you need and start with the immediate financial need. In the event of your untimely passing, your parents and other family members will receive a certain amount of economic loss.
Replace Household Contribution To Income
If you are the person in your family that generates the highest income and they depend on you for their financial needs, then make it as your obligation. Protect yourself and your income with life insurance. The income protection in your life insurance will help ensure that your family can continue their lifestyle.
Life insurance is extremely essential even if you do not know it yet. An insurance agent can explain and help you understand what you need to know about it.
At Leigh Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (904) 826-0799. You can also request a free quote by CLICKING HERE.