Tom Clark's Blog

7 Important Reasons Why You Should Get Life Insurance

Death is the last thing most people want to think about. The fact remains that it happens and you need to prepare for when it does.
Studies show that [url=]40% of Americans[/url] don't have any form of life insurance. This is a lot of people who don't have a plan and don't see any insurance benefits.
Are you wondering what benefits you can receive if you get life insurance?
Keep reading to learn how life insurance can help leave something behind for the loved ones in your life.
[b]1. Replace Lost Income[/b]
If you're still working and are earning for a spouse or family, then a drop in income can have a severe effect on your family. Life insurance can work to give your family the money they need to keep going after your gone.
Nobody will suffer a decrease in lifestyle if the worst happens.
If you are relying on another family member for income and need to prepare, you might want to take out a policy on them. You can [url=]learn more[/url] about how to do this at
[b]2. Use As an Investment[/b]
Instead of purchasing a simple plan, you can choose to invest in universal life policies. These policies are tied to investment products that can grow over time.
As your investment grows, you can get dividend returns as time goes on, and the market grows.
[b]3. Cover Funeral Costs[/b]
Funerals are expensive, and they can put your family out of several thousand dollars. You can use a life insurance policy to cover these costs, so your family doesn't have to.
[b]4. Cover Estate Taxes[/b]
If you are leaving anything behind for your loved ones, then they could get stuck with estate taxes. The government calculates the tax total based on the value of the assets received.
An insurance policy can help cover these taxes, so your family isn't stuck with a hefty bill from the government.
[b]5. Debt Coverage[/b]
If you have any debt, then it doesn't disappear after you pass. Your debtors will want to collect it from somebody.
In these cases, your debt can pass over to your family. Your family can use your life insurance to pay off any debts, so you don't pass the burden onto someone else.
[b]6. Education Fund[/b]
There is more than one way to save for the education of your children or grandchildren. A regular savings account works fine, but you can also add life insurance to supplement your savings.
If your child has already taken out loans for school, then your child can pay off any debt with this payoff.
[b]7. Give to Charity[/b]
You may want to give more after you pass. In this case, you can use your life insurance policy to give to charity at the end.
Even if you don't have much to give during your life, you can use your life insurance payout to complete any [url=]philanthropic goals[/url] you have and support causes you think are deserving.
[b]Make Sure You Get Life Insurance Today[/b]
Don't put off planning for the future. You never know how long you have, so prepare today and get life insurance. The more you can do to help the people left behind to handle your estate, the better.
Are you thinking of giving part of your policy away? [url=]Click here[/url] to read about what we do and how you can help.

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