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.