Life Insurance
Life Insurance Builds an Immediate Estate for your Family
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The purpose of a life insurance policy is to make sure that you take care of the loved ones that you’ll be leaving behind. Just like you would protect your spouse and/or children from something that’s trying to harm them in life, insurance is a way of protecting them from the dangers of financial strains after you’ve passed on. I don’t know about you, but I have attended far too many funerals of individuals that passed on without having insurance coverage. Death without insurance is an incredible financial burden on an already grieving family. The average funeral cost is approximately $10,000. That’s not an easy amount for most families to come up with at a moment’s notice. Investing in a life insurance policy removes that extra stress. Now your family can focus on moving on without you, instead of being burdened by you with your final expenses.
One of the greatest benefits of having a life insurance policy is that it builds an immediate estate for your family. It’s unfortunate, but, most people will pass on without leaving any assets to their family. When you don’t leave anything to the next generation, they have to struggle just as much as the previous generation. If you can’t, in your lifetime, accumulate assets to leave behind, at least you can leave insurance money behind. Think about this.
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