I received word on Wednesday an acquaintance passed away. She lived a simple quiet life, raised her children well and loved her grandchildren and friends. What she left them may be no surprise to some. She was an independent woman with a heart for service. She loved her family and gave them anything they wanted or needed, and the same with her closest friends. She was always doing for others. She had little need for material things, so she was always giving things away. When she passed, she had little debt or want. The one thing she also had little of that she needed was life insurance. She often said, “I have just enough to bury me,” but she didn’t realize what that would cost.
Life insurance costs very little each month, but what many people don’t realize is that there are end of life expenses that need to be covered, and our families shouldn’t have to pay those bills. Our life insurance needs to be more than “just enough to bury” us. My friend may have had little in the way of debt, but that often isn’t the case. Most people have medical bills, mortgages, credit card debt and other end of life expenses that need to be paid and a life insurance policy serves just that purpose.
A term life policy is a practical, affordable way to allow your family the time they need to grieve and heal. The loss my friend’s family is feeling this week is compounded by the fact that they have to make plans without the needed funds for her final expenses. With a term life policy, the funds are there and the benefits are tax-free. Your survivors receive the benefits and are able to continue without any added tax burden. That’s peace of mind.
Many people don’t like to think about making end-of life decisions, and put off life insurance as a result, or only purchase what they think will be enough to bury them. Don’t make that mistake. A term life insurance policy will provide funds for your family so your bills are paid and your surviving family members can continue to live the life you forged for them.
Contact your AC Financial Adviser at (877) 435-2283 to make sure you have the insurance you need when you need it.