Death is not a topic that anyone should enjoy discussing however death has no age limit and it is an event that every one should be financially prepared for. Since Go Fund Me, a social media fundraising site, has emerged I am noticing family members creating accounts in order to raise money for burial expenses. Why should you invest in an insurance policy?
YOU NEVER KNOW: An unexpected illness or even of natural causes — can happen at any time. Life insurance helps your loved ones pay the mortgage, bills, even college costs, after you’re gone. It also provides tax-free cash to pay the debt of your estate.
COSTS: Funeral expenses are expensive. The average funeral cost range anywhere between 7000-10000 dollars and approximately 500-1000 for cremation. Your family members may not be in the financial position to carry that burden. Protect them!
DO NOT WAIT: Many under 50 feel that a life insurance policy is not conducive. Its best to purchase a policy while healthy. It is more difficult to obtain a policy unhealthy so for your benefit and then benefit of your loved ones. Invest in a policy!
IT IS AN ASSET: Purchasing an insurance policy makes good financial sense. It increases your cresit score, the ability to obtain loans increases and if you purchase a cash value policy you will always have access to money.
I encourage you to speak to your financial advisor or contact a life insurance professional and purchase the most beneficial policy for your family. Invest in yourself. Protect your family. It will be the best 15 dollars a month you could ever spend. Peace of mind is fabulous!
LaLaina Knowles, CLSCP
Certified Life Strategist Coach Practitioner
CEO Transform Fabulously
why should i invest in an
insurance policy?