One thing you hear about money after death is, “You can’t take it with you.” No, but it helps provide financial security and cushion to those you leave behind. Amid their grief, you don’t want your loved ones to have to worry about money, unpaid bills, and funeral expenses. At American Insure-All®, the best life insurance company in Mountlake Terrace, we offer excellent coverage options to protect and financially secure your loved ones in the event of your death. Yes, it’s a morbid topic, but it’s smart to think about it because no one lives forever, and you want to ensure that those closest to you are taken care of.
Did you know that the average American of 65+ leaves behind almost $60,000 worth of debt? When someone dies, much of that debt can be written off and forgotten, but another portion falls on loved ones to pay off. It could be anything from credit card balances to mortgages and loans, all of which become the responsibility of the next of kin. With life insurance, you can ensure that your debts are repaid, your funeral expenses are taken care of, and your loved ones have a little leftover for groceries and other household needs to get them through the initial mourning period.
When You Should Invest in Life Insurance
There’s no age where life insurance becomes more necessary than at other ages. In fact, the sooner, the better because life can throw curveballs that you didn’t expect. Getting life insurance now ensures you can build up coverage for your loved ones over time, leaving them with a financial cushion in the event of your passing (whenever that may be).