What is Life Insurance?

Life insurance is a sum of money that is given to a beneficiary in the event of their death.  That sum can assist with funeral expenses, legacy building, college planning, mortgage protection, income building, and wealth transfer. Life insurance helps guarantee that your loved one will be able to live the life you and they have hoped for. The younger and healthier you are, the cheaper life insurance is, so it is never to early to prepare! Life insurance today can actually come with living benefits as well, such as disability, long-term care, and family coverage.

Who Needs Life Insurance?

• The Breadwinner: Will your spouse make enough income to cover all the bills and debts if you pass away? Will they make enough to live as comfortably as you would want them to?  If you are not 100% sure that the answer is “yes”, you need life insurance.
• The Stay at Home Parent: Because “not working” does NOT mean “no financial value”! Many families with a stay at home parent save on the cost of childcare, gas, food, etc. Ensuring the life of a stay at home parent through insurance gives the working parent time to find alternative childcare. It also gives them time to find other ways to compensate for the loss of financial value that their spouse brought.
• The Single Parent: You are everything; you do everything. If you’re not covered, neither are your children. You being insured makes sure they are covered and can be well taken care of if you pass away.
• The Caregiver: If you have a parent or sibling relying on you, make sure they’ll get the right care they need, even when you are gone.
• Anyone with Debt and a Loved One: If you have significant debt that you wouldn’t wish to pass onto your loved one, protect them by getting life insurance. This is especially important if they are a  cosigner for you.

LinC & Life Insurance

LinC is contracted with over 30 different life insurance companies. Because of that, we have access to more policies that many of our competitors. That means you have more choices, you don’t have to be stuck with not having enough insurance, or not being able to afford the insurance you’re purchasing. We do the shopping for you to make sure you have the policy the fits your needs, and at a price, you can afford. Life changes, which means the benefits you need will probably change too. This is why we like to meet with our clients on a regular base to make sure they always have the exact policy they need. If you have any questions or concerns regarding life insurance, please contact us!