Life insurance is important for several reasons. If you die suddenly and are the main breadwinner of your family, they need to be able to pay the bills after you are buried. This means that more than likely, your life insurance policy through your job may not be enough. Most of the time, those policies are just enough to pay the costs of a funeral or cremation and burial.
Reasons to Obtain Life Insurance from Up North Insurance Agency, Inc.
If you have a decent size policy, your family will be able to pay off debts in the event of your untimely death. It is hard enough to grieve the loss of a loved one without having to worry about the mortgage payment for your home. According to Life Insurance Statistics and Facts, nearly half of the population in the United States does not have a life insurance policy at all.\
- A life insurance policy will provide for your children and allow them to do things, such as go to college, purchase a home, or start a business if you die unexpectedly.
- A life insurance policy will provide you peace of mind in knowing that your family is taken care of when you die. You will not have to stress about how they will survive if something happens to you.
- A very basic funeral can cost about $10,000. A life insurance policy will ensure that your funeral is paid for without having to bankrupt your family.
- A permanent life insurance policy can actually accumulate a cash value over the life of the policy. This means you can borrow against it without paying taxes and use the money to supplement social security and other retirement benefits so you can enjoy your golden years.
Contact an experienced agent at Up North Insurance Agency, Inc. of Minnesota for all of your life insurance needs.