Life Insurance

Putting Life on Hold (And the Reasons Why You Should Consider Getting Life Insurance Today)

28 Feb 2020

Life Insurance by Life Stage

The choices you make today can impact your long-term health, wealth and happiness. Understand the important role Life Insurance can play in key life events.

Unexpected news can throw your entire life into turmoil. It’s best to face it prepared.

The majority of healthy people don’t think much about death.

The thought may suddenly cross your mind. But it goes away as quickly thanks to everyday concerns.

That’s why nobody can properly prepare for the bad news. A sudden realisation that your life is in danger turns everything upside down.

You are never too young to think about what comes next.  You may have your own battles looming just over the horizon, unseen for now but edging closer.

That’s why it’s so important for you to think about life insurance.

When you’re fully insured, you’re prepared to take on whatever may come at you. And should the worst happen, you can ensure that you provide for your loved ones during one of the most difficult times of need.

There are many reasons why you might consider life insurance. Here are just four to think about today:

#1 – Enables Your Loved Ones to Move On

When tragedy hits, it’s often not only the loss of a loved, but also of your financial partner in life too.  They may be a co-contributor to you household income, or even the sole contributor. Nothing can remove the pain of a situation like this, but at least having Life insurance can help a family tackle the financial burdens as they prepare for a life without their loved one.

#2 – Pays Off Your Funeral

Unfortunately, even death costs money. Someone needs to prepare the burial, which isn’t cheap. Some people tend to pay for their funeral expenses in advance. But that carries a certain risk.  Your funeral may end up being more expensive with rising taxes and inflation. This means that someone else may need to pay the difference.  A quality life insurance policy should cover everything, giving a family peace of mind.

#3 – Secures Your Child’s Education

Your Life Insurance policy can also be considered as an important addition to your child’s schooling fund. Many families are already burdened by debt and student loans.  But what happens if you’re suddenly gone?  Quality Life Insurance can help sustain your child’s education, taking the worry away for a family and allowing the kids to do what they need – focus on learning.

#4 – Pays Off Debt

Sadly, our debts don’t go away when we die. If you have a mortgage, the debt will fall entirely to your spouse. And if they can’t keep up with the payments, there’s a chance they’ll lose it. Leaving your family in debt can completely deplete their lives.

Life Insurance – Like There’s No Tomorrow

You never know what the future holds. Even if you think you’re in top shape, something may steer you off course. So, it is important to make the time to think about yourself and your loved ones and how they would cope. Knowing that you’ve secured your family will make you feel better than before. You’ll sleep easier knowing you have the backing of your Life Insurance.

Want to know more about life insurance?

NobleOak is an award-winning insurance company offering life insurance policies fit for various goals and situations. Get a quote on our website right away and start securing your most precious asset – your loved ones.

https://www.jnj.com/personal-stories/i-almost-died-of-melanoma-3-stories-of-recovery-and-lessons-learned
https://smartasset.com/life-insurance/top-ten-reasons-to-buy-life-insurance

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