Life insurance is like a seatbelt. You know you need it, but hope you never have to use it. It’s not easy to think about one’s own mortality. But rather than thinking about what it means to you, think about what it could mean to your loved ones.
The Gift That Keeps Giving
Purchasing life insurance is actually one of the most important things you can do to protect your family’s future. By purchasing the right kind of life insurance from Westco Insurance LLC in Colorado Springs, CO, you can rest assured that, if something were to happen to take you out of your family’s picture, they will be taken care of.
How Much Life Insurance Should I Get?
The main question that runs through people’s minds is how much insurance is needed? One insurance agent suggested calculating the value of your home plus any unpaid properties such as cars, boats, or other assets, then add around 50,000 just for life’s unexpected events.
This amount is a good estimate for many people to help them decide how much insurance they should carry, but this will vary from person to person.
The Purpose of Life Insurance
The purpose of life insurance is to have enough money set aside in a policy to allow all of your unpaid debts to be paid off and then an additional amount to allow your loved ones to continue their lives as they knew it when you were alive.
In essence, getting the right life insurance coverage is the best final gift you could give to your loved ones. It says you care and want them to feel secure and not worry about money.
Beyond Final Expenses
Insurance covers final expenses. Yes. But it also covers all of the other things that your loved ones might lose had it not been for your planning and wise choices regarding life insurance.
To get a quote and discuss your own insurance needs with an expert, check out Westco Insurance LLC, serving the Colorado Springs, CO area.