This subject is something that not everybody is comfortable talking about, or even thinking about. When we are young and healthy, we feel immortal. The unexpected death of a loved one or us is the furthest thing from our minds.
However, the fact of the matter is that it is never too early to start thinking about your family's protection in the event of tragedy. All insurance related professionals agree that the sooner you start thinking about how to cover yourself in the future the more options and the more affordable this type of insurance can be. There are many logical answers to the question "Why Buy?."
What to Look For
It's easy to get a free quote for an affordable policy for your family. However a low monthly premium should not be your only consideration. You need to carefully consider what is best for your family. People often do not realize just how much money is needed to support a family given the tragic loss of a primary income provider. Besides the monthly expenses such as rent and mortgage that your spouse may now be left with, have you considered the cost of a funeral, health benefits which may not be continued in the event of death of a working spouse, the additional childcare expenses that may now be required of a single parent? The list goes on and on.
In this discussion of the basics we will help you make an informed and educated decision on the type and amount that is best for your needs and your budget.
Disclaimer - The above description/explanation is intended as a guideline only,and is not to be interpreted as a recommendation to buy or sell any insurance products, or to provide legal or financial advice of any kind. Also, Bergen Insurance. Does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed. No reproduction or republication permitted.