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8 Reasons To Buy Life Insurance
Why Buy Life Insurance?
Life insurance is a smart decision for a number of reasons. Life insurance is not only a tool to protect loved ones; it can also be a sound financial investment and planning tool. Here are 8 reasons to buy life insurance now.
1. Door Buster Pricing
Today's life insurance rates are down as much as 70 percent from their highs in the mid 1990’s. If you have an older life insurance policy, there's a good chance you can get a better deal on an updated policy. As with refinancing a home mortgage to take advantage of better rates, it’s a good idea to revisit your current policy and see what's available in terms of lower costs and higher benefits.
2. Replace the Spouse's Income
3. New Living Benefits
4. No Medical Exam Necessary
5. Offset Estate Taxes
Estate taxes can be steep, so having insurance in place to pay them is essential to avoid jeopardizing assets or funds built for retirement. Use of insurance for this purpose is most common in large estates, and uses permanent (rather than term) insurance to ensure that coverage remains until the end of life. Having the security of a life insurance policy cash payment at time of death can also prevent heirs from selling assets to cover any tax payments.
6. Protect Your Family From Longevity
7. More Options Available for Seniors
8. Cover Final Costs and Expenses
Burial costs, funeral expenses, estate planning, attorney and administration fees, debts, and medical expenses all contribute to high costs at time of death and can easily run into the tens of thousands of dollars. Give your loved ones the peace of mind that these financial burdens do not become lasting monetary hardship.
Need Assistance?
The decision to purchase life insurance should not be taken lightly. If you have questions on how to buy life insurance or questions regarding the process to buy life insurance, call us today at (252) 862-3661!
About Us
Email: info@crystaldharris.com
Website: www.crystaldharris.com
Location: PO Box 194, Murfreesboro NC 27855
Phone: (252) 862-3661
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Twitter: @C_D_Harris