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Home > Blog > Life Insurance- It's Your Choice
FRIDAY, SEPTEMBER 11, 2020

Life Insurance- It's Your Choice

Why Buy Life Insurance?

Kyle Peace, Millennium Brokerage Group

Have you ever noticed that no one is required to purchase the one line of insurance guaranteed to have a claim? I mean, if you drive, you must purchase auto insurance with at least liability coverage. This is mandated by local governments. If you purchase a home, you must have a homeowners policy. This is mandated by mortgage lenders. But life insurance, well that’s another story. Survey’s show that 48% of those polled admit they don’t have enough or any life insurance. Survey’s also prove that 100% of everyone will pass away at some point.

So why is this the case? Mostly it’s because no one likes to discuss their own demise or think about what life might be like after they are gone. Although this can be quite a downer to discuss, everyone should step up and have this discussion with a licensed professional to see how much and what type coverage they should purchase. Anything is better than nothing. So whether you want to stay conservative and just cover your burial expenses, or want to go all out and make sure all your debts are covered as well as future expenses like college education. Either way, it is in your loved ones best interest to discuss your options and make that purchase as soon as possible. Remember, the price will never be as low as it is today.

You can schedule a meeting at our Cornwallis office for September 15 and 16 2020.  Please call our office at 336-288-9342.

Posted 12:13 PM

Tags: life, planning, insurance, life insurance, term insurance, whole life insurance, universal life insurance, burial insurance, provide, death, loved ones, demise
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NOTICE: This and all content is developed from sources believed to be providing accurate information. The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional for detailed information regarding your individual situation. Some of this material was developed and shared by The Needham Group, Inc to provide information that may be of interest. The Needham Group, Inc is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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