Buying life insurance requires that you carefully weigh your options because it is not only a crucial step to financial security but is, foremost, a responsibility that would take years to complete.
That is why as your trusted provider of insurance services in North Carolina, Exemplar Insurance Associates, Inc. are specifying the most crucial conditions and stages of life when you would need to, instead of selling you the spiel of needing to buy it now.
- Marriage and starting a family
If being married means having a life partner whom you will be supporting, financially or otherwise and, thus, the necessity of a safety net in the form of life insurance, then having a baby in the foreseeable future is more reason to do so.
- Being a breadwinner
…or simply when a family member relies on you for financial support. Having life insurance now ensures that they can still have your support when you are no longer around, especially so if they are minors.
- Having a significant amount of debt
When you have debts to pay off, your premature death will still take a toll on your family even when you’re not supporting them, as the responsibility of paying your debts, on top of your funeral costs, will be on them.
These said, per our national insurance associates in High Point, North Carolina, it is best practice to start early as doing so curtails the long-term costs of life insurance. But we believe you would do best to truly decide for yourself, too, thus the above list.