adult-2178963_1920Are you one of the people who think you don’t need life insurance? Please think again. Life insurance provides real security for those you care about. Life insurance benefits can provide financial security and resources for your family or loved ones after you are gone. J.S. Edwards & Sherlock is here to assist you with your life insurance needs. We can educate you about the difference life insurance policy options so that you can determine you and your family’s needs. Let’s look at a few of the reasons to consider life insurance:.
  • Payment on Debt– If you have any outstanding debt (mortgage, credit cards, etc.) at the time of your death, it does not go away. Your estate will still be responsible for settling all accounts. Life insurance can provide financial resources to cover the debt.
  • Continuation of Income- Life insurance can provide the funds to replace your income upon your passing. Family income will certainly diminish with the loss of an income earner, which means your family will experience a lower standard of living. The death benefits of a life insurance policy can prevent this from happening, or at least keep the impact to a minimum, by replacing income lost with the demise of the breadwinner.
  • Unpaid Medical Expenses- It is highly likely that you will incur medical expenses prior to your death. Some of which may not be covered by health insurance. Adequate life insurance proceeds ensure that these final expenses are covered.
  • Funeral Expenses- Most people don’t plan for, or fund, funeral expenses. Again life insurance is there to help.
The good news is that life insurance rates are low, and there are many different kinds of products to select from. One question we often get is, “How much life insurance do I need”? The answer to that depends on your situation, but the general guideline is a life insurance limit of at least ten times your annual gross income is a start. If you’d like to know more about life insurance, or if you’re ready to set up a policy, get in touch with J.S. Edwards & Sherlock Insurance Agency. We’re committed to doing everything possible to take care of your loved ones when you’re no longer able to.