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Almost everyone has dreams for the future and plans for their loved ones, but unexpected tragedy can strike at any time. Without a life insurance policy tailored to your needs, the financial pressure caused by a sudden death could completely upend your family’s life. Below are a few reasons everyone should get a life insurance policy.

4 Reasons to Buy Needs Life Insurance

1. Replacing Lost Income

If you were to suddenly pass away, could your family support themselves? Your life insurance policy will provide enough to replace your lost income so loved ones can rebuild their lives without worrying about how they will cover daily living expenses. Many policies give you the opportunity to provide long-term care for the family, with benefits that replace your income for 10 years or more.

2. Covering Burial Expenses

The average cost of a burial is between $7,000 and $10,000, an amount which many families can’t afford, especially if they have just lost a major source of income. Even unmarried individuals with no children should carry enough life insurance to cover their own burial expenses.

3. Providing for Your Children’s Future

life insuranceLife insurance allows you to keep contributing to their future after you’re gone. Parents of young children often purchase enough to start educational funds so they still achieve their dreams later in life.

4. Paying for Home Care Costs

Parents who stay home to care for children provide valuable services that may be expensive to replace. Even if you do not contribute financially to the household, you may need a life insurance policy to pay for childcare, cleaning, and other services your spouse can’t afford without you.


 

The experienced agents at Farm Bureau of Mebane-Caudill Agency have been helping clients throughout Alamance County, NC, protect those things that matter most. Because no two families are alike, they take the time to sit down with you to fully understand your needs and ensure you have a quality life insurance policy. To request a quote and make an appointment, visit their website. You can also call (919) 563-3276 or (919) 928-6574 today.

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