It is understandably difficult for anyone to contemplate a scenario where they can no longer provide financial security for their family due to a premature death. In most households today, both spouses contribute to the family income and therefore should both be adequately insured. Do you and your spouse have enough Life Insurance protection to pay off debt and provide income to your family if something happens to you?
Life Insurance exists to ease these concerns, and as a result it is probably the most important insurance policy that you will purchase over the course of your lifetime. As an essential part of your financial planning, the right Life Insurance policy helps ensure that your loved ones won’t be burdened with debt and the inability to pay bills when you’re no longer there to care for them yourself.
Additionally, Life Insurance may be structured to pay estate taxes, transfer business ownership assets between partners or shareholders, pay debt incurred by a business owner, secure a loan, provide for a charitable gift, etc. In most households today, both spouses contribute to the family income and therefore should both be adequately insured.
There are several types of Life Insurance policies available, and you need to decide which type of plan is right for you and your family:
- Term Life
- Whole Life
- Universal Life
- Variable Life
Whether you need to pursue a new or additional Life policy or would simply like to review your existing plan, give Earl Atchue at Atchue Insurance a call today!