Our years are never guaranteed to us, and for that reason, it’s crucial to be prepared in the event of the death of a loved one. Buying life insurance is one of the most important ways of preparing for such an event to allow your loved ones the peace of mind that comes with being insured.

Life insurance can often cover funeral costs, help pay bills and ongoing living expenses; pay off outstanding debts, such as credit cards; help you continue a family business; finance future needs, such as a child’s education; protect a spouse’s retirement plans; and help fund life’s milestones, which include weddings, trips, etc.

Anything can happen at any time, and life insurance helps keep you prepared for the inevitable. Here are the three biggest reasons people opt to own life insurance:

1. To help cover funeral expenses;
2. replace lost income; and
3. pay off your home mortgage.

It’s important to note that securing life insurance will never directly result in a payoff for the individual who is insured. The payoff is in knowing that the ones you leave behind will not have to panic over finances. It allows them to grieve your loss the way they should be able to do.

Do you have a life insurance policy that you’d like to review, or do you not have one but would like more info? If so, please contact Lang Insurance at 636-229-7000.