Some reasons that you need life insurance may be sitting around your dinner table at night.
Some reasons have grown up and moved out of your home, but they worry about would happen to Mom if Dad died.
Other reasons are life insurance's tax friendly nature, how it avoids probate, that it arrives fairly quickly at a time when money is desperately needed, can protect key employees, can be used to transfer an estate, or continue a business, or leave more money than you thought was possible to your favorite charity.
But whether sentimental or practical, life insurance boils down to people. People are the reason other people buy life insurance.
Life & Health Insurance Agent, The Tooker Agency, Riverhead NY
There are quite a few key reasons people need life insurance.
To provide financial security to the people you love most
To replace your income
To cover a mortgage or other debt
To provide funds to raise your children
To fund a buy sell agreement
To pay estate taxes
To pay funeral costs and final expenses
To guarantee children will have funds to go to college
To secure a business loan
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Some reasons have grown up and moved out of your home, but they worry about would happen to Mom if Dad died.
Other reasons are life insurance's tax friendly nature, how it avoids probate, that it arrives fairly quickly at a time when money is desperately needed, can protect key employees, can be used to transfer an estate, or continue a business, or leave more money than you thought was possible to your favorite charity.
But whether sentimental or practical, life insurance boils down to people. People are the reason other people buy life insurance.
To provide financial security to the people you love most
To replace your income
To cover a mortgage or other debt
To provide funds to raise your children
To fund a buy sell agreement
To pay estate taxes
To pay funeral costs and final expenses
To guarantee children will have funds to go to college
To secure a business loan