Life insurance provides money to your family or loved ones if you should die. Life insurance can also whole life insurance rates help protect the financial interests of a business if a key employee should die. Here, we will discuss the use of life insurance for your family.
Now, no one likes to think about the consequences of their death. Yet, people die of accidents and diseases every single day. Around 2.5 million people in the United States die every year. While diseases lead the list of causes, over 100,000 people die every year of accidental causes.
If you have family members that depend on your earning power, the important question you must ask yourself is, “What will happen to them if I am no longer around to provide for them?”
And, you must ask that question now, before you die of an accident or are diagnosed with a deadly disease. Once you are involved in a deadly accident, it’s to late to obtain life insurance. And, once you are diagnosed with a deadly disease it’s awfully hard to obtain life insurance.
Life insurance can protect and provide for your family in a number of ways:
– Pay off debts
– Provide care and education of your children
– Provide needed money before your spouse can make up for your lost income