When it comes to life insurance, some people consider having a policy as optional, but there are many reasons why you should buy life insurance, regardless of your economic, marital, or family status. The following guide highlights three vital reasons to invest in a life insurance policy so that you can make an informed choice. 

3 Valuable Reasons to Choose Life Insurance

1. Prevent Transfer of Debts

When you pass away, your spouse and children will be responsible for any unpaid debts or credit card balances, if they cosigned the papers for those loans or cards. A life insurance policy, for example, would protect your beneficiaries from the loss of their home if you die with outstanding mortgage debt. 

2. Cover Funeral Expenses

Your family may not have sufficient personal savings to cover your funeral expenses. If you were to pass away suddenly without life insurance, your family may struggle to secure the funds to have you buried. If you don’t have a plan in place to cover funeral expenses, you should consider buying life insurance to address that deficit.

3. Protect Loved Ones

Life insurance provides financial resources to your beneficiaries when you pass away. If you have children, a spouse, or a partner, knowing that they will be financially secure when you are gone is a blessing. You can customize a policy to fit any level of need, to cover mortgage payments or to pay off college loans, for example. A trusted insurance agent will be able to answer all your questions.

Our team at Farmers Insurance Group is here to assist whenever you’re considering an investment in life insurance. Our group is dedicated to helping clients get the life, auto, home, and health coverage they need. Connect with us on Facebook to learn more about their personalized approach to insurance, or call (417) 926-7900 or (417) 257-4274 to request a quote today.