Although death isn’t an event that people want to talk about, it’s a necessary discussion that everyone needs to have. It may seem unnecessary when you’re young and healthy, but the longer you put off buying a policy, the greater the chance of an unlikely event happening before getting coverage. Hence, here are the reasons why you should add purchasing life and final expense insurance on your to-do list:
- Cover burial expenses
At times, death can be an unexpected event resulting in a financial burden on your family. Today, even the most modest of funeral services can run upwards of several thousand dollars. Instead of chipping away at their savings or taking out a loan, life and final expense insurance can cover the costs and ease both financial and emotional turmoil for your loved ones.
- Pay off the remaining debt
Additionally, getting coverage helps pay off the remaining debt and takes care of other lingering financial responsibilities. This is especially useful if you and your spouse co-signed various loans, such as your mortgage. More than that, it will ensure financial security for your loved ones, especially if they rely heavily on your income.
- Coverage is easy and affordable
A common misconception about insurance is that it’s costly. However, it’s affordable for most people depending on the type of coverage they get. Moreover, obtaining an insurance policy through a company specializing in insurance services in North Carolina is easy and hassle-free.
These are just a few reasons why you should get a life and final expense insurance. As partners of national insurance associates in High Point, North Carolina, we at Exemplar Insurance Associates, Inc. work with various companies to meet your needs. From universal indexed life to term life – call us to learn more about your options.