Wisconsin Rapids, Wisconsin
540 Baker St
Wisconsin Rapids, WI 54494
(715) 424-1873

Top 3 Reasons Life Insurance Is a Valuable Purchase March 13, 2017

Wisconsin Rapids, Wood
Top 3 Reasons Life Insurance Is a Valuable Purchase, Wisconsin Rapids, Wisconsin

Insurance is rarely a straightforward purchase. It’s a complex topic, making it difficult to know what kind of protection you need. It’s even more challenging when you’re trying to determine if you should buy coverage that isn’t legally required, such as life insurance.

That’s why many residents in Wisconsin Rapids, WI, turn to Modern Woodmen | Scott S Paterick CLU CHFC for professional advice. As an agent with the independent company, Scott S Paterick offers clients a variety of products designed to give families financially secure futures. 

Below, he explains the top reasons life insurance is such a valuable purchase.

3 Reasons to Invest in Life Insurance

1. Continue to Support Your Loved Ones

If your income is a major source of support for your family, it would likely bring them serious financial hardship if you were no longer around. Life insurance payouts can be used as income replacement to help them maintain their standard of living.

life insurance

2. Pay Off Debt

When people pass away, their debts aren’t automatically absolved. If you have any lingering financial obligations when you die, they could become the responsibility of your loved ones. Your life insurance would present them with the funds to settle any outstanding debts.

3. Settle Final Expenses

The costs for funeral, burial, memorial, or cremation arrangements are quite high. This is a burden you don’t want your family to worry about, especially as they’re grieving. The money from your life insurance coverage will give assistance for these final expenses.

Although it’s not pleasant to think about leaving your family behind, life insurance will provide you with peace of mind that your loved ones will be taken care of financially. Contact Scott S Paterick CLU CHFC at (715) 424-1873, or visit him online to learn more about available policies and other financial planning services. 


Securities and Advisory Services Offered Through Harbour Investments, Inc.

Other Announcements, Events and Deals from Modern Woodmen | Scott S Paterick CLU CHFC
How Your Sequence of Returns Affects Your Retirement Savings, Wisconsin Rapids, Wisconsin
While you accumulate wealth during your working years, you can withstand a considerable amount of investment volatility because any losses you sustain are only "paper losses." This m...read more
5 Key Tips to Boost Your Retirement Savings, Wisconsin Rapids, Wisconsin
Whether your retirement is decades away or merely around the corner, you can take steps now to improve your quality of life during your golden years. Modern Woodmen | Scott S Pateric...read more
How Often Should I Review My Estate Planning Documents?, Wisconsin Rapids, Wisconsin
It is never too early to think about estate planning, and the sooner you draft a will, the more peace of mind you will have. However, once you do create a will, it is essential that ...read more
The Importance of Financial Planning for Your Future & How to Get Started, Wisconsin Rapids, Wisconsin
When it comes to planning for your future, your finances are often one of the biggest stressors. Will you have enough funds to comfortably reach retirement? Is the coverage in your&n...read more
Your Answers to FAQs on How to Save for Retirement, Wisconsin Rapids, Wisconsin
When it comes to putting away money for retirement versus paying for immediate financial needs, unfortunately, building a nest egg can fall by the wayside. With a few realistic and p...read more