There are a large number of benefits in having a sufficient amount of life insurance. Proceeds can be used to pay off debts, hospital bills, and final expenses. Life insurance benefits may be able to pay for your children’s college education, maintain a certain lifestyle for your family and even leave a legacy for a charitable cause.
One of its most underrated benefits, however, is that of a stress reliever. Here is how an appropriate amount of life insurance can relieve stress for both the insured and his or her family.
Stress relief for the insured begins the moment a policy is in force. There’s a certain comfort and peace of mind that comes with the knowledge loved ones will be taken care of upon your death and that you, perhaps, have fulfilled your final responsibility. Like many financial decisions, securing sufficient life insurance may not always be easy. There are priorities to be set and decisions to be made. You may even have to limit some of the more “fun” activities to secure your family’s future. In turn, you get the satisfaction of knowing you did what is right. That can provide a significant amount of stress relief.
The Insured’s Family
Experiencing the death of a loved one or spouse is emotionally traumatic. When one is not prepared financially, that death can even be more devastating. There may be debts to pay, income to replace and the urgency of immediate final expenses. This all can add a great deal of stress to an already challenging situation. When your family has sufficient financial protection upon your death, it is an enormous stress reliever. Certainly, there will still be grief and sorrow. But at least there shouldn’t be any potentially devastating financial issues.
The Excuses for Not Getting Life Insurance
We often hear the same excuses from those who choose not to carry enough life insurance. “I’m young”, “I’m healthy”, “I can’t afford it”, and “I won’t be here anyway!”, are just a few. Many fail to realize the many benefits of sufficient life insurance including its value as a stress reliever for both the insured and their family.
Let us show you why some of these excuses will become meaningless after your death and how affordable life insurance can be. Our independent life insurance agents have access to multiple insurance companies to find the best value for you. They can even show you how the premiums you pay can build equity for you and your family’s future. Contact us today to learn more about the full value of life insurance for you and your family.