As you get older, your priorities shift from growing your career to taking care of your family. While a sound investment plan can help you set them up for financial stability in the future, a life insurance policy should always be part of your financial strategy. At Randolph County Farm Bureau in Asheboro, NC, their dedicated agents will help you find the best policy for your needs whether you’re just starting out in your career or actively planning for retirement.
Why Is Life Insurance Important?
Protects Your Family During a Tough Time
When you pass, whether it’s expected or not, your family will still have to pay the bills, buy food, and pay for daily necessities. Without an insurance policy in place, they’ll have to find a way to replace your income while planning a funeral and processing their grief. By purchasing an insurance policy, you’re protecting your family’s financial future should you no longer be there to provide for them.
Pay Off Your Debt
Life insurance not only helps cover your family’s expenses, but it also helps pay down your debts they would otherwise inherit. Once your policy is distributed, your family can use the funds to pay outstanding credit card statements, car loans, or home mortgages. This helps reduce their financial burden during an already difficult time.
Allows You to Create an Inheritance
Saving for future generations is not always feasible, but a life insurance policy will allow you to set up an inheritance for your loved ones and their children. All you have to do is specify the beneficiaries you want to receive the funds when you sign up for the policy. Should you need to, you can always update your beneficiary list in the future.
The right insurance can help you protect your family even after you’re gone. Let the insurance agents at Randolph County Farm Bureau help you find the life insurance policy that will best look after your family. Visit their website for more information, and call (336) 629-9187 to schedule an appointment today.