Life Insurance Purchase
Applying Policy To Your Need
Why do people buy life insurance? We work hard for a living. Sometimes
the income earned affords us a comfortable life. In other cases we just
barely make ends meet.
Why then should we purchase a product that pays
when we die? In some cases these policies are bought because it is
simply common sense to protect our families or a possibly a business.
other cases it is a matter of passion. It is a deep desire on the part
of a parent or spouse to protect surviving family members.
Whatever Your Need We Have The Policy For You -
Why People Buy Life Insurance
- Young Married People
It seems obvious why young married people would buy life insurance.
You have just said "I do". You are burning up with a deep passion for
your mate. You want the best for your partner. You feel a powerful need
to protect your spouse.
You have provided the house, food to eat, nice
clothes and you are having a grand time. You have a truly fulfilling
life and you never want it to end. What if you should die? Your absence
will hurt but you surely want to be assured your partner doesn't need financially.
You therefore buy a policy to guarantee that the spouse you love won't lose everything as a result of your death.
If the partner is good at handling money you leave a lump sum. If you have your doubts you provide an income.
You later have children. When you see that beautiful child you
feel something that you were not aware that a human being could feel for
another. You feel a kind of love that have no words to describe. You
don't think of it at that point but sometime in the near future you know
you must buy some coverage to guarantee the financial future
of that child.
As s/he grows up you know that you want this child to be
secure. You know you want a college education to be guaranteed. You
save for these things but you need to be assured that the funds will be
there even after your premature death.
- Later Years
The children are now grown. You have put them through college
and they are doing just fine in whatever fields they choose. You and
your partner for life continue enjoying life. You have these policies
you bought to protect the family in the early years. Should you keep
Yes you should as you still want to guarantee your spouses
financial security. Even if you have accumulated great wealth you still
need to keep those policies as something new comes into play. I refer to
Estate Taxes. A good chunk of your estate will go to the Federal Government. Life insurance can be used to offset the Federal Estate Tax.
- Business Owners
People who own businesses
have powerful reasons to buy life coverage. Whether you are a sole
proprietor, have a business partnership arrangement or are a shareholder
in a closely held corporation there is always a need for insurance
protection in case of premature death. A good policy from a good company
can guarantee the continuation of your business.
Whether For Family Protection Or For Business Needs
Save Up To 70%
Life Insurance - Why We Should Consider It