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7 Reasons You Should Have Life Insurance


| Life insurance coverage allows people to afford the many death-related expenses they will have to pay off after a loved one passes away. Here are our seven reasons why we believe you should have life insurance. – PowerPoint PPT presentation

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Title: 7 Reasons You Should Have Life Insurance

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  • Life insurance is one of the most important
    investments a person can make in their lifetime.
    If that sounds overly dramatic to you, consider
    these 7 important reasons everyone should buy a
    life insurance policy.

  • The death of a family member is such a personal
    tragedy, most of us dont stop to think of the
    financial impact it can have. Funeral costs can
    easily run into the tens of thousands of dollars.
    Life insurance helps cover funeral and burial
    expenses, lessening the financial burden.

  • When a person dies, their family can no longer
    rely on their income to help support them. The
    sudden loss of income can cripple a family
    financially, which makes the financial protection
    offered by life insurance an incredibly valuable
    safety net.

  • If your loved one owns a significant amount of
    property, the estate taxes associated with
    inheriting their valuables can be prohibitively
    expensive. This is another situation where money
    from a life insurance policy can protect heirs
    and family members.

  • Many workplaces offer their employees the option
    to buy life insurance. While this can be helpful,
    employer-provided life insurance payouts are
    usually well below what family members of someone
    who has recently passed need to pay their

  • How much do you think a life insurance policy
    costs? According to a recent study, you probably
    overestimate the cost of life insurance by as
    much as three times its actual cost. Many life
    insurance plans are available for less than the
    average cellphone or cable bill.1

  • When a person dies, their debts dont just
    disappear. Family members who are suddenly
    saddled with the debts of a dead family member
    often rely on a life insurance payout to keep the
    newly acquired debt from affecting their finances
    and credit rating.

  • If you think youre too young to be considering
    life insurance, you should know that its better
    to secure a low rate at a young age than wait.
    After age 40, premiums become noticeably more
    expensive. Buying life insurance at a young age
    offers the same protection, for a better value.

  • EQUOTE helps people like you find affordable life
    insurance coverage on their own terms. For more
    information on no medical exam life insurance or
    to receive a quote, visit us at www.EQUOTE.com.

  1. http//www.bankrate.com/finance/insurance/reasons-
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