10 Reasons to Buy Life Insurance

​We hear the stories every day. People dying suddenly from heart attacks or freak car accidents. That makes us think, what if that happened to me? Consider these 10 reasons for owning life insurance:

1. Debts - What happens to your debts if you die right now? Existing bills, medical and     funeral costs. It's a debtor Mount Everest on which you strand your family without       life insurance. Who covers the expenses you have amassed already and those you       leave behind?
2. Your family may lose their home - Will they face foreclosure? Be forced to sell? They've just lost you now they may lose their home, too. Who will be there to pay the mortgage when you can't be?
3. Family lifestyle - Most couples in this day and age must both work to sustain their families. Think of the vacations and Christmas mornings your income provides.
4. Income for necessities - What about school for your children? Do you envision them going on to college? Who will pay when you're gone?
5. Your spouse's sleepless nights - They already have to deal with an empty bed. How many sleepless nights will there be for him/her? Life insurance assures peace of mind
6. The legalities - There may well be taxes and legal and probate costs to cover. Life insurance can leave tax-free money to your beneficiary to cover such expenses.
7. Quality care for your kids - What about the expenses that health insurance doesn't cover? Will they go to the better doctors? Does your son depend upon asthma medication? Does your daughter need braces? Will they one day? If so, who pays for that without you?
8. Your extended family - With uncertain times, with retirement benefits vanishing, who will care for your parents as they are too old to care for themselves? Will you be there for them as they were there for you?
9. The Unexpected - A young mother killed in a car crash. Six months later, her husband dies of a heart attack. They left five minor children. You may think "my spouse will take care of them" but what if he/she can't?
10. Pride - How do you want to be remembered? As someone who thought of his family enough to provide for them in your absence?

In closing, are you even eligible for life insurance? At rates you can afford? As we age, our health issues become paramount. Tomorrow you will be older than you are today. Tomorrow is promised to no one. The time to think of life insurance is today.

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