Life insurance has many purposes. It can allow you to leave a lasting legacy and take the financial burden off your surviving family. Below is a list of some of the most common scenarios Senior Savings Services helps with.
Often times families plan for the future based off two incomes. Proceeds from a life insurance policy can be used to replace lost income so the survivor can maintain the same standard of living.
Total funeral expenses can average $8,000 – $10,000 or more for a traditional funeral. Final expenses can also include any outstanding debts, medical bills, or taxes. A life insurance policy can help in covering these expenses during an already stressful time.
If, after a loss, there are not adequate funds available to cover the mortgage a family might have to relocate. Having a life insurance policy can help prevent that.
Proceeds from a life insurance policy can be given to a favorite charity or cause.
A college education is costly. A life insurance policy can help with covering college tuition for a loved one.
I can help you evaluate the amount you should have and the type of life insurance plan needed. Generally, the younger you are, the lower the rates are for a plan and the easier it is to get approved. If you have health conditions, don’t think you are not insurable. I have helped get plans issued for individuals with various health conditions including diabetes, heart conditions, and respiratory conditions. Contact to learn your options.