If someone will suffer financially when you die, chances are you need life insurance because it provides cash to your family after your death.
This cash, known as the death benefit, replaces your income and can help your family meet many important financial needs. What’s more, there is no federal income tax on life insurance benefits.
To help you understand how life insurance might apply to your particular situation, we’ve outlined a number of different scenarios below.
In the event of a tragedy, life insurance proceeds can:
- Pay for funeral costs
- Help pay the bills and meet ongoing living expenses
- Pay off outstanding debt, including credit cards and the mortgage
- Continue a family business
- Finance future needs like your children’s education
- Protect a spouse’s retirement plans
Contact us today to learn more about life insurance options that fit your priorities and budget.
x
Comments
Post a Comment