Valentine’s Day conjures up images of hearts, flowers and chocolates. But you can show the one you love that you care every day of the year, by ensuring that you have a life insurance policy. Your loved one will appreciate that you took the time to put this protection in place should an unexpected accident or illness occur. Life insurance provides your loved one with important financial security.
No one likes to think about passing away, and the idea of discussing life insurance may not be at the top of the list of things you want to consider. Whether you have just been married, have a young family, or have been married for years, the financial support provided by life insurance can help your loved one avoid serious financial problems should you pass away, or become incapacitated. Currently, life insurance benefits are not taxed and policies pay out fast providing your loved one with the needed support for mortgage payments, bills, and replacing the income that you provided to the family.
Why Life Insurance Shows You Care
Everyone hopes to live a long and healthy life, but life insurance shows your loved one that you have taken steps to ensure he or she is not left in financial trouble should you pass away. Many problems arise when a family has an unexpected death, including estate issues. It may take many months or longer for an estate to be distributed to a spouse, or you may not have a large retirement account, property, or other assets to pass on. Life insurance will pay out within a short period of time, and make it possible for your loved one to continue life free from serious financial problems.
Types of Life Insurance
You have a few choices when buying life insurance. Some people prefer to invest in whole life insurance, as it is permanent, and over time, builds up into a valuable asset. You even have the option to borrow money out when you need it, and at a very reasonable interest rate, making whole life insurance even more flexible.
Term life insurance costs less, and is perfect for young families with a limited budget. For a specific period, you are covered by term insurance. You have the option to upgrade many of these policies to whole life as your circumstances change. In either case, you can be confident that your loved one will be safe and protected from financial stress. Some policies will also pay your loved one if you are incapacitated, replacing the income you earned.
Take the time to find out more about your options. There are many very reasonable life insurance products that could work for you and your family. At McElhinny Insurance Agency in Pittsburgh, Pennsylvania, one of our friendly local agents would be happy to discuss and show you the best deals available.
If you already have a life insurance plan but are considering a change, we are very willing to find a policy that better suits your current situation. We have flexible appointments, and can meet with you at a convenient time. Show your loved one that you really care, on Valentine’s Day and throughout the year with life insurance protection. We can help – call us today.