Tuesday, September 9, 2008

Why do I need Life Insurance?

  • If you are a wage earner and someone depends on you, life insurance is a vehicle to protect the financial well being of that individual.

  • During your lifetime you have certain financial goals. Life insurance is a way to achieve those goals for those you leave behind.

  • If you are in debt, life insurance is used to protect the person you are indebted to.

  • If you are a key person in a company, your loss could mean a real financial loss to that company. Life insurance insures that potential loss.

  • If you are a partner in a business, if you were to die, life insurance allows the partner to buy your share of the business from your heirs.

  • Life insurance could help pay estate taxes.

  • If you have a favorite charity, life insurance can help you give to that charity after you are gone.

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