Five Reasons to Purchase Life Insurance

Ever find yourself asking, "Do I Need Life Insurance?" Take a look at five reasons below and then contact Don Allred Insurance in Burlington, NC to set up your policy today.

1. Give Your Family Peace of Mind

Life Insurance is a hard topic because it’s hard to talk about death. But talking about it now means that your family will have less to worry about then. Life Insurance will financially secure your family, especially if you are the sole breadwinner.

2. It Pays for your Funeral

This is something a lot of people forget to think about. Even if you don’t need to leave behind a large sum to take care of people, you can help cover the expenses for your funeral. And since funerals tend to be expensive, your friends and family will thank you.

3. You Can Make Anyone Your Beneficiary

If you’re reading this saying "I’m single with no children, why do I need one?" What about making your parents, aunt or closest friend your beneficiary? Is there someone who would be at any financial loss if you were to die? They are a reason to have the policy.

4. It Can Work As a Loan

Talk to your Broker before doing this as there are rules and you’ll need to pay taxes on the amount, but if you find that you’re strapped for cash and you have a policy, you can borrow against it and lower the payout after your death.

5. The Younger You Are, the Less Your Premium Will Be

If you’re thinking that paying for life insurance can wait until you’re older, remember that rates are based on your age. The earlier you start, the less you’ll pay overall.

Interested? Stop by Don Allred Insurance in Burlington, NC for a quote or use our online tool.