Do you have beneficiaries? How would they cope financially when you die? Do you want your beneficiaries to be financially stable upon your death? While you can’t predict the future with certainty, there are several steps you can take to shape the outcome. For instance, if you purchase life insurance from Luebbering Insurance Agency LLC in Jefferson City, MO, you will protect your dependents and other interest when you die.
Still not certain about life insurance? Please consider the five areas covered by life insurance, and you will see that this coverage covers more areas than you think.
Protects your dependents
What may transpire if you die and not cushion your family financially? How will they meet their daily needs without their breadwinner? Luckily, life insurance from Luebbering Insurance Agency LLC may assist your beneficiaries in meeting their financial obligations, including paying for college fees, clearing debts, meeting daily expenses, and so on.
Life insurance can supplement one’s retirement benefits
If you buy a whole or universal policy, it accumulates cash value that you can borrow against to supplement your income. So, life insurance doesn’t only help when you die. It comes into life even when you are alive!
Cushions those in high-risk employment
If your occupation is in a dangerous or high-risk environment, you stand a high likelihood of encountering death compared to someone who sits entirely in an office. Occupations like aviation, mining, firefighting, and construction are high risk, and thus you need life insurance should death occur unexpectedly.
Covers final expenses
Financing a funeral is a costly affair, even if you plan for a modest event. If you haven’t left adequate savings, it can be financially draining for your loved ones. But this won’t be the case if you have life insurance.
Covers debts
If you have a mortgage, car, or student loan, you don’t have to leave the burden to your family and cosigners when you die. Proceeds from your life insurance can cover the debt.
Are you scouting for salient life insurance in Jefferson City, MO? Please call or visit our Luebbering Insurance Agency agents and get life insurance that suits your budget, lifestyle and other unique needs.
