What Life Insurance Awareness Month Means For Your Family
Life Insurance Awareness Month
September is Life Insurance Awareness Month, which is the perfect time to draw attention to the importance of life insurance for everyone. Life insurance is the only insurance policy that you buy not to protect yourself, but instead to provide financial protection for your loved ones once you are gone. There are many reasons that you should look for the right life insurance policy that will meet your needs, including:
- You cannot predict the future – even though it may be hard to think about, you never know how much time you have left. Getting diagnosed with a serious illness can cut down on the amount of time you have left, while also making it much more difficult to qualify for a life insurance policy. Investing in a policy now will help to make sure that your loved ones have the financial security they need.
- Funerals are expensive – typical funerals come with a price tag of around $7,000, which your family will have to come up with when you pass away. The payout, or death benefit, that is provided by your life insurance policy can help to cover this cost so that your family does not have to be burdened with it.
- Send your children to college – if you have kids, you are probably aware of how much it is going to take to send them to college. If you are not around to pay the bill when they start taking classes, it can mean they will have to take out expensive loans. As a beneficiary of your life insurance policy, they will receive the death benefit which can help to cover their tuition costs.
When it comes time to find the right life insurance policy during Life Insurance Awareness Month 2015, contact the insurance professionals at Club Agency in Garden City, NY.