“Why should I buy life insurance?” That question is often heard at Tammy Ross Insurance in Monroe, NC. Unlike health insurance, car insurance, homeowners insurance, and other types of policies, your life insurance plan is not meant to protect you; it’s there to help your loved ones in the event of your premature death. If you are wondering whether you need a life insurance policy, there are many smart reasons to set one up with a trusted insurance agent.

3 Smart Reasons To Have Life Insurance

1. It Takes Care Of Your Family’s Bills

For most people, life insurance is about meeting responsibilities and keeping promises even after their death. Life insurance will protect your family from potentially devastating financial effects from your lost income. It can pay the mortgage on your home, school tuition fees, and other expenses your family faces.

2. It Buys Time & Provides Options

Without life insurance, your spouse may be forced to make tough, life-altering decisions in just a few months time, such as getting an extra job or selling the family home. Life insurance will let your spouse avoid immediate financial pressure and take time to make decisions at a slower, more comfortable pace. It will give them the flexibility to consider options like relocating or returning to school.

3. It Provides Cash When It’s Needed

Your life insurance policy will deliver a specified payment to your beneficiaries soon after your death. Whether you opted for a policy value of $100,000 or $1 million, that money will be available to them tax-free when they need it most. 

Along with protecting your loved ones, a life insurance policy will give you peace of mind. Tammy Ross Insurance in Monroe, NC, will help you get affordable coverage that’s in line with your family’s needs. To schedule a consultation, call (704) 233-4981. Like them on Facebook and follow them on Twitter for updates from their personal and commercial insurance experts.