A recent article on final expense insurance expounds on the need for life insurance–even if you’re an individual who is single and childless.
Too often life insurance is associated only with senior citizens or single income families. This misconception can lead to unexpected stress and expense for the surviving family members.
The article highlights several reasons why a single, childless individual should still make life insurance a priority:
- Student loans: “If you’re paying off hefty student loans that your parents have cosigned for, then they’re on the hook for a lot of repayments if you die young.”
- Mortgage/Business: “A life insurance policy will protect anyone who faces financial pressure in the case of your death. It can also help pay off your mortgage and help keep a business you own running until its future is determined.”
- Burial expenses: “Getting at least a small life insurance policy can serve to cover the costs of a funeral, a gravesite, and other “death-care” expenses, such as an obituary and cremation.”
“You’re not paying for nothing; you’re paying for financial protection, which many of us definitely need.”
Final expense insurance is a smart decision, no matter what your age or situation. If you’re considering investing in life insurance, we encourage you to contact one of our knowledgeable agents today by clicking here. We can help you find a coverage level that fits your specific budget and circumstance.