While everyone agrees that life insurance is a good thing, many find it easy to put off purchasing this type of coverage. The excuses range from not having money for premiums to a sense of having plenty of time to secure a plan. Here are some of the most important reasons why it is time to stop making excuses and get on with the task of securing some type of Life insurance in Carlsbad CA.
Creating an Asset for the Future
Many forms of Life insurance in Carlsbad CA do more than simply pay benefits when the insured passes away. Some types of whole life insurance also build cash value over time. This effectively creates an asset that the covered party can use if there is a need for cash to take care of an emergency. In some cases, the insurance provider will allow the client to borrow against the current cash value and then repay it over time. Having this additional source of revenue to call upon can come in very handy.
Settling End of Life Expenses
Another reason to secure at least a term life policy is to settle any remaining debt that the covered party leaves behind. Think of what it would mean to have a plan that would provide enough money to settle credit card debt, any past medical expenses, and even pay for the funeral costs. With the money coming to settle these debts, those who are left behind will have much less in the way of financial worries.
Leaving Something for a Spouse or Child
It is not enough to ensure there is money to settle these final expenses. What would a spouse do if the covered party died in an accident? Would it be possible to still pay the mortgage and keep the utilities paid up to date? Choosing to secure enough life insurance to tide a child or spouse over until they can adjust to the change in income will make it easier to keep the household afloat as they adjust to the loss of their loved one.
For those with no coverage, please contact Serra Benefits & Insurance Services. There are affordable plans available that offer the type of protection the family deserves.
