Why Life Insurance Is So Important
September 17, 2020
We all know life insurance is important. Everyone acknowledges they would like the peace of mind of knowing that their family will be taken care of. But a recent report asserts that 37% of the population doesn’t own a life insurance policy in any amount.
Life insurance isn’t an option, it’s a necessity. Here are some reasons why:
- Pay Off Debts: A life insurance policy can help pay off your outstanding debts like credit cards, a mortgage, or car loan. Without life insurance, these debts would now become your loved ones’ responsibility, which could have a devastating financial impact on your family and affect their lifestyle.
- Provide for Your Kids: A life insurance policy can ensure that your children have a safety net. The money can go towards their college expenses, a first home, or even help pay for a wedding.
- Peace of Mind: A term life insurance policy is an inexpensive way to give you and your family members peace of mind, knowing that their financial future is protected if something happens to you.
- Funerals Are Pricey: Even a basic funeral can cost $7,000-$10,000. A small life insurance policy will make sure your final expenses are covered so your family doesn’t have one more worry at an already stressful time.
Learn more about life insurance available through your association. Call 877-290-3170 or visit AMBAlifeinsurance.com.
Source: https://www.fa-mag.com/news/why-many-u-s--households-don-t-own-life-insurance-33420.html
RECENT POSTS
Want to Reduce Stress? AMBA Makes It Easy with 5 Simple Tips
April is Stress Awareness Month. It’s the perfect opportunity to shed light on stress management and promote strategies
Read More
6 Tips to Get the Most From Your Retirement Savings
For many people, one of the greatest concerns in retirement is whether they have enough savings and retirement income. Don't
Read More
Getting Older? So Are Your Eyes. Look Out for These Common Vision Problems.
As we get older, it's normal to notice some vision problems. Issues like difficulty telling colors apart and taking more time
Read More
Want to Take Control of Healthier Aging? These Are the Essential Five Steps
As we age, we become aware that our physical and mental health, as well as dietary and social needs, changes over time. We can
Read More