If you are like, you dont wants to think about death or preparing for something we think is going to happen years down the road. Here are some great reason to have life insurance.
1. It's not as expensive as you think- Many people tell me "Its just too expensive." lets look ata heathy 35 year old male in North Carolina, you can get 250,000 in term insurance for 20 years for as little as $28.66 a month. If you break it down, thats 95 cents a day. It helps to know that there are many diffrent products out there to help protect you and your family.
2. It's part of a well rounded finacial plan- Families that have life insurance will tell you the blessing it was to have this coverage when the primary wage earner died unexpectedly. It gave them peace of mind knowing that they had the funds necessary to take care of the house, car and the kids college. without the life insurance, these families would bestruggling to make ends meet.
3. It can build cash value over time- Some life insurance can be used as investments and build cash for use down the road. You are not just putting money in the policy for one use, your giving yourself options on what it's needed for the most.
4. Life insurance can be used in many ways- great plans have riders that you can use while living. For example, nursing home help and terminal illness. You are able to use the benifits before you pass if you had to go into a nursing home OR needed treatment for cancer. Another great way to have protection from the unknown.
5. Maximizing your retirment- structured in the correct product you can use your plan as income over the years. Life insurance is also Tax Free, tax shelterd or tax deferred.
