There are obligations that
you have made that will be unfulfilled in the event of your
early demise. You have these obligations that can be handled
by life insurance: 1. You are obliged to raise and
financially support your children; 2. You must pay for where
you live - if you have a mortgage, funds should be available
to pay off the mortgage; 3. If you rent, funds must be
available for your loved ones to pay the rent; 4. If you
bought a car on credit, funds should be available to pay the
car off or pay the car payment for the designated period of
time; 5.Credit card debt can be paid off with life
insurance; 6. Equity lines of credit can be paid off with
life insurance; 7. Student loans can be paid off with life
insurance; 8. College education can be paid for with life
insurance; 9. Medical bills accumulated after a long illness
can be paid for with life insurance; 10. A family
continuation fund can be set up with life insurance; 11.
Final funeral and last rites services can be set up with
life insurance
A famous dentist once
said, “Only floss those teeth that you plan on keeping.” The
only people who do not need life insurance are the,
“immortal people.” Even rich people with few to any
financial concerns can pay off estate taxes with the
“discounted dollars’ that the life insurance dollars can
buy.
The last time I checked,
the reputable funeral service businesses in town require
money for services rendered. In many cases proof of funds is
required before services can commence. Funeral service
businesses are fee-for-services businesses.
You establish what type of
service that you would like from the options available. Then
you pay for those services or perhaps assign life insurance
proceeds. Life insurance can fulfill your last wishes.
However you cannot wait until you get sick to get life
insurance.
The best time to get life
insurance is right now. The healthier and younger the
applicant, the more likely for the policy to get an issued,
ordinary, standard policy
Ed. Note: Contact the author at Vincedavisinsurance.com,
vince.davis.bun1@statefarm.com, 419-509-0326 cell,
419-244-2904 work
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