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When it comes to tough topics of conversation, death is right at the top of the list. However, for insurers, part of their job is to have these hard discussions with you so your family and assets are taken care of if you pass away. If others depend on you financially, you need a life insurance policy for several reasons.

Taking Care of Your Dependents

life insuranceNo matter if you are a husband, wife, father, mother, or someone who takes care of their elderly parents, you may have people who depend on you to help with anything from medical costs to a mortgage. Without life insurance, your loved ones may not be able to meet these financial responsibilities if you pass away. If you are a single parent or an adult who takes care of your older family members, this goes far beyond finances. Life insurance also helps provide care for those you leave behind and ensures their quality of life remains high.

Handling Final Expenses

Even if your children are grown up and you are retired, there are still expenses to deal with. The cost of a service, taxes, and any outstanding debts will come from your estate if you do not have life insurance. To ensure your family isn’t burdened with your debt after you pass, take care of these obligations by getting a life insurance policy.

Continuing Your Business

If you are a small business owner, your financial responsibilities go far beyond your home. You have employees who depend on you for their livelihood. Life insurance allows co-owners or your family to continue running your business after you are gone. It can also protect against the death of a business partner or a key employee. Policies set up as a buy-sell agreement or having key-person insurance will help your company and employees cope with the loss and continue on.

 

Dewey Beckner of Allstate Insurance Companies can ensure your family and your business are properly protected. Call his office at (336) 884-5636 or visit his website to learn more. The High Point, NC, agent is always happy to have a conversation about your current insurance and financial situation.

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