Is your family's future secure?
There is often the question of whether or not one should carry life insurance. At Kadie Walmer Agency, LLC in Pennsylvania, we want to be sure you understand the decision you face. Not everyone feels the need for life insurance, and that is their right. Though life insurance is not required, it is something to consider for those who have:
- A spouse or significant other that relies on you financially: Even if they have their own income, if your income is a substantial part of the equation, you probably want to consider life insurance.
- Children who depend on you: Not only can it help take care of your children, but it can give you peace of mind knowing that they will be cared for in case of your death.
- Other relatives that rely on you: For instance, if you are caring for your parents or a dependent relative, life insurance can help continue their care.
- Co-signed any loans: You do not want to leave someone who is relying on you in a lurch. Whether they co-signed for you or you co-signed for them, a life insurance policy can help insure that your part is covered.
- A lot of debt: You do not want to leave your loved ones having to pay your debt in addition to taking care of themselves. If you are in debt, life insurance can keep them from having to take care of your financial problems.
- There are two types of life insurance policies to consider: term life and whole life. Term life only covers the insured during the specified term. Some people choose term life while they are getting their other affairs in order. That way, when the term is over, they have paid off debts and saved for their loved ones. Whole life insurance covers the insured until they pass, as long as the policy is being paid.
If you are considering purchasing life insurance and are unsure of the direction you should go, drop by or give Kadie Walmer Agency, LLC in Pennsylvania a call. We are standing by to help you make the best decision for your future in Pennsylvania or Maryland.