Life insurance offers priceless comfort for young parents, who can rest easy knowing their kids will be taken care of if something happens to them. But what about single people or couples who don’t have children yet? Many young people think they don’t need life insurance if no one relies on them for financial support, but almost everyone has loved ones to protect. Even if you don’t have children, life insurance offers some essential benefits to those who matter most.

Why People Without Children Need Life Insurance

Paying Off Debts

After you’re gone, any outstanding debts have to be paid out of your estate, which could mean selling off valuable assets. In some cases, creditors may go after your spouse or other family members for the unpaid debt, which makes the grieving process even harder. Life insurance helps protect those you love by giving them the funds to cover debts.

Caring for a Significant Other

If you’re married or in a serious long-term relationship, will your partner have the resources to go on if something happens to you? Can they pay the mortgage, cover the bills, and continue pursuing their goals? A life insurance policy will give them the resources to start building a new life and grieve without the added pressure of unpaid bills.

Covering Burial Expenses

The average funeral can cost thousands of dollars, which most families don’t have available without going into debt. A life insurance policy takes this burden off of loved ones so they can hold the service you would have wanted.

Choosing a life insurance policy is a major decision, which is why Arizona’s West Valley trusts Schaller & Thomas Family Insurance for help making the right choice. Since 2001, they’ve provided personalized attention to families throughout the area, with affordable options to suit everyone’s unique situation. Visit their website for more on their services, or call (623) 580-8688 to request a quote today.