Life insurance is one topic most people don’t like to think about. After all, facing the realities of what your family would go through should you pass away unexpectedly is never pleasant. However, the right insurance policy will help alleviate the financial burden your family would face should something happen to you or your spouse. The team at Enterprise Insurance Services in Enterprise and Daleville, AL, want to help. They’ve put together a few interesting facts about life insurance to dispel the myths and misconceptions around this important coverage.
What You Should Know About Life Insurance
1. Coverage Provides for Your Family
If something would happen to you or your spouse, would your family be able to make up for the lost income and cover any additional expenses without going into debt? Term life coverage gives you the money you need to alleviate part of the financial burden, whether it’s supplementing your family’s income or covering funeral expenses.
2. Policies Are Affordable
When you think of insurance, you probably think of high premiums and expensive deductibles. However, unlike other types of insurance, term life coverage is highly affordable. The amount of insurance you choose to purchase will impact your monthly premium, but most policies for young and healthy individuals will cost under $100 per month. This makes term life coverage an affordable investment in your family’s future.
3. More People Recognize a Need for Coverage
According to a 2016 study by LIMRA, 30% of American households go without term life insurance. However, more than 50 million households need higher coverage amounts or have yet to purchase a policy in the first place. Though there is no guarantee that your family will ever need to utilize the policy, it’s better to keep them protected than to leave them to face financial struggles during an already difficult time.
If you’re considering purchasing life insurance in Enterprise, Daleville, Dothan, and Ozark, contact the experienced agents at Enterprise Insurance Services in Enterprise or Daleville, AL. They’ll work with you to find the right coverage for your needs and age, whether you’re just starting a family or looking to leave your loved ones with the security and peace of mind they will need after your death. Visit their website for a free insurance quote or call (334) 347-9133 or 334-599-0140 to schedule an appointment with an insurance agent.