Many people believe that life insurance is only important for the elderly, but the truth is, having life insurance at any stage of life can give the insured and their beneficiaries unparalleled peace of mind.
There are many reasons why people of all ages should carry life insurance. The team at Craig Insurance Group in Raleigh, NC can answer your questions and help determine what plan fits your circumstances the best. Unexpected illnesses and accidents are a sad fact of life. Here are some basic reasons why life insurance is so vital for people in early adulthood or middle age:
- You are getting married and starting a family: More likely than not, your spouse and children rely on your income. If you pass away, the benefits of a life insurance policy can help pay bills, removing undue financial stress from your family
- You are incurring large debts on items like cars and houses: Life insurance benefits could help your loved one pay off cars, homes, and even student loans or other debt
- You don’t have funds set aside to cover funeral expenses: Life insurance can solve this problem for your family and take a huge financial burden off their plates
- Your employer might not offer sufficient coverage: Many employers offer life insurance. However, this coverage is likely to be minimal, these policies also end when your employment does. Having an individual policy will guarantee consistency and that you have coverage that is sufficient for your needs.
If you don’t have life insurance and want to learn more about the options available, or even if you do have life insurance but think you need to make some adjustments, contact us at Craig Insurance Group in Raleigh, NC.
For over 12 years, Craig Insurance Group has helped the Raleigh, NC community find the insurance coverage they need to protect what matters most. We are committed to establishing long term relationships with all of our clients. We will help you assess your coverage options.
Life insurance allows you to start planning for the future when you will not be around. While it’s uncomfortable to think about, you have to establish a plan for how you would like your assets transitioned after you pass away. Life insurance can help ensure a smooth transition after you pass away and help alleviate some of the stress that your loved ones may feel managing your estate. You’ll have to sit down and figure out which policy is best for you, considering your situation.
Whole life policies provide coverage for an extended time period. Term life policies provide coverage over a specified period of time. You can add coverage for intervals normally between 10 and 30 years. Variable life insurance policies are flexible and provide more options for growth. Universal life insurance also provides flexible policy options and gives you more control over how you would like things handled.
As you research different policies, you have to assess your personal situation. If you are single right now, you have to think about if you would like to start a family in Raleigh, NC one day. Even if you choose not to start a family, life insurance will still help your loved ones manage the aftermath of your passing. If you have already started a family, you will have to think about the legacy that you would like to leave behind for them.
Craig Insurance Group Will Help You Plan For The Future
For more information on life insurance, visit our website today!