As Valentine’s Day and the season of love gets underway, it’s the perfect time to review your life insurance coverage and talk to family and friends about the many benefits it provides. Life insurance is really “love” insurance. If someone will suffer financially when you die, then you need it. While nothing can replace you, having life insurance means that if something happened to you, those you hold dear would be financially taken care of. Therefore, it is a gift of love for the people who live.
Why it’s so important…
Marriage Many families depend on two incomes. If you died suddenly, would your spouse have enough money to cover your funeral costs, credit card balances, outstanding loans and daily living expenses?
Parenting Raising a child is one of the most rewarding, and expensive, things you can do in life. If you died suddenly, how would your spouse provide your children with the same options for success that the two of you always wanted them to have? Would there be enough to pay for childcare, a college education and everything in between? Even parents who don’t work outside the home need life insurance because they provide services that would be expensive to replace, such as childcare, transportation and household chores.
Retirement Children grow and move away from home, but without you, would your spouse be able to experience the retirement you’d planned? Americans are living longer, conceivably your spouse may outlive you. Suitable life insurance can help to avoid financial struggles in retirement.
Single while life insurance may not be an urgent need, please consider those who might still be relying on you. If you’re the caregiver for an aging parent or the guardian for another family member, you should contemplate life insurance. These people are counting on you financially too.
If you haven’t reviewed your life insurance coverage in the last 12 months, now is the perfect time to contact Santo Insurance & Financial Services, Inc. to set up an appointment for review. If you don’t currently have an advisor, please contact Jamie Santo at Jamie@SantoInsurance.com or 603-890-6439.