When & Why Do People Think About Buying Term Life Insurance Anyway?

1. When & Why Do People Think About Buying Term Life Insurance Anyway?

2. Life insurance Woodstock is about taking care of loved ones. It’s about meeting responsibilities and keeping promises. You view your decision to purchase life insurance from your family's point of view, not your own. We see life insurance Woodstock as a tool that protects your spouse and children from the potentially devastating financial losses that can result if you die prematurely. Life insurance is not about you. You know that, should anything happen to you, the life insurance you have purchased is in place to protect and provide financial relief for those who must carry on without you. It’s about them.

3. Because you care about your family, you want to ensure the financial security of family members if you’re suddenly not around to provide it. Should you die, the proceeds will help you keep the promises you have made to the people who are important to you. By protecting their financial future, you’re enabling your loved ones to maintain their lifestyle, if something unexpected should happen to you.

4. Life insurance Woodstock buys time and options. Too often, when an income earner dies, survivors are forced to make tough, dramatic decisions—and to do so quickly. They have to make the decisions at a time when they may not be emotionally in a position to make good choices. Life insurance gives survivors a chance to adjust over time rather than having to move to a downsized home or find a new job right away .

5. Life insurance Woodstock gives your family choices by providing the benefits to help pay off debts, to help meet housing payments and ongoing living expenses, to help fund college educations for your children or grandchildren, and much, much more .Your life insurance Woodstock policy can deliver a specified sum of money at the exact time of need. Upon your death, your family can be assured that the amount you’ve chosen—perhaps hundreds of thousands of dollars, maybe even millions—will be there almost immediately.

6. This is how and when Insurance is important. • You probably need it to protect your car. If you own a home, you’ll need insurance to cover damage to the structure and the belongings. But do you need life insurance? • It depends. The truth is, not everyone needs to have a life insurance policy in place. But not having it can be a costly mistake if you’re one of the people who do need it.

7. Here are a few categories to consider when determining if you need life insurance in Woodstock • Number of dependents First and foremost, life insurance should replace your income if something happens to you. The most important consideration when it comes to life insurance is what the world would look like if you weren’t in it. • Age One mistake twenty something's make is in assuming young people don’t need life insurance. After all, your odds of dying are fairly low. But when it comes to life insurance, there’s one good reason to start young.

8. Cost of living Yes, your family is one consideration, but your cost of living also comes into play. If you have a mortgage on your home, for instance, your untimely death would leave your survivors with the responsibility of paying it. • Professional situation If you work for someone else, you’ll only need to worry about your personal expenses. But what happens when you run a business? If you have a business partner or employees, you’ll need to think about the effects of your death. You could set up a life insurance policy with your business partner as the beneficiary to keep things going. • But even if you’re a sole proprietor, a life insurance policy can be a good move. Chances are, you have some business debts that would have to be paid off if you were no longer around. Life insurance gives your loved ones the funds they need to tie up all the loose ends.

9. Amount of savings • Businesses aren’t alone in leaving loose ends. If you die, you’ll have personal debts that will need to be paid off. Yes, some debts are discharged in the event of your death, but others will come out of your estate, leaving less money behind for your loved ones. • There’s also the matter of burial expenses. Life insurance will give your family the funds necessary to pay all of those expenses and get the closure they need. Look at your savings and determine if you have enough to cover those costs. If not, a life insurance policy could be what your family needs to cover everything. • While all this death talk may be a little morbid, it’s more important that you have the peace of mind you need to know your loved ones have security. Chances are, your life insurance policy will never be used, but having one may help you sleep a little better at night.

10. Thank you