Many people find it difficult to think about life insurance, so answering the basic question of whether or not they need it can be tough. However, if you have loved ones who depend on your income or who stand to inherit a financial burden in the event of your death, it’s likely you need life insurance.
The money your dependents will receive, called “the death benefit,” can help pay for essential expenditures, such as final expenses, mortgage payments, and outstanding medical bills. Life insurance can also help your family reach longer-term goals, including your children’s college education. A good policy also helps ensure that your loved ones are not burdened with debt or forced to sell assets to pay outstanding bills or taxes.
When it comes to purchasing life insurance in Nashville, you have several options, including:
Which life insurance you choose will be based on your individual circumstances and preferences. We will work closely with you so that you have a clear sense of your needs and options. To learn more, please read our post, The Fundamentals of Life Insurance.