Longer days and lighter jackets could only mean one thing… tax return season! It could also mean spring, but hey, we know how excited everyone gets to see that refund come in the mail. Depending on your income, refunds can be pretty large! You’re probably thinking about what you might buy or invest in with those new funds. Maybe you’ll get a new TV or a computer for the family. Maybe you’re even thinking about going on a family vacation to Disney World. What you should consider, though, is protecting your family with life insurance. While your family might not be as happy foregoing Disney World for life insurance, they’ll thank you in the long run once they realize how important and beneficial a life insurance policy can be.
Why You should Forego Other Purchases for Life Insurance
While a brand new TV might sound great and make you happy, it won’t take care of your children after you’re gone. It also won’t cover your funeral costs. A life insurance policy, on the other hand, will do just that. Life insurance is very important, and although taking the family to Hawaii may seem important right now, protecting their financial futures is more important than snorkeling and picture-perfect sunsets, believe it or not.
If you’re reading this article and you are the main provider for your family, then you should definitely prioritize protecting your family with life insurance. From childcare so that your spouse can become the sole provider, to funeral costs, the death of the provider of the family could be catastrophic if there isn’t a life insurance policy in place. The proper life insurance policy will make sure that you have income replacement in place in case of the death of one of the family providers. This can be vital, as you would be going from living comfortably with two incomes, to potentially struggling or at least incurring a lifestyle change by going from two salaries to one.
Another thing to think of, as mentioned before, is the cost of a funeral. If you haven’t looked into funeral costs lately, you definitely should do a quick google search. Long story short, funerals aren’t cheap. The last thing you want to worry about when a loved one passes away is coming up with the money for a funeral when you’re trying to think about how to provide for your children. We get it, and that’s why most life insurance policies will cover funeral costs. This is just another added peace of mind for you and your family. Do your entire family a favor and pass up Mickey Mouse for protecting your family with life insurance.
Memories last forever… but so could your debt
One very important thing to consider when thinking about protecting your family with life insurance is that your debt, if not taken care of, will be passed on to your family when you, yourself, pass on. This means that the house, your boat, your new vacation home… any of that debt will be passed on to be taken care of by your family. The last thing you want a grieving family to have to worry about is taking on the debt of a loved one. If you don’t want your family to carry the burden of your debt, then you should call us today to learn more about protecting your family with life insurance. We will walk you through the details of a life insurance policy and make sure that you are getting the coverage that will best fit you and your family.
Another reason to consider, if personal debt passing down isn’t enough, is that business debt also passes down when you pass away. This means that your company’s debt could come back around to your spouse or children to take care of. The new start-up that you began last year… all of that debt could be passed on to your wife and children. Do everyone a favor and make sure you have a proper life insurance policy in order today, even if that means you have to keep watching movies on a smaller screen for family movie night.
It’s extra money…
When you really think about it, you survived all year without this extra money that you’ll be getting for your tax return. You most likely didn’t really miss the money all year when they were taking it out. This check that you’re getting now is basically extra money when you think about it. Why not use that extra money to do something that benefits your entire family? We can also help you find a plan that fits in your family’s budget, so there's no need to worry!
We’re on your side and here to help
In the end it is important to remember that peace of mind is something that you really can’t put a price tag on. That’s why we place so much emphasis on having the proper life insurance policies in place. We truly believe that peace of mind is important, and protecting yourself and your family from debts, stress, and anything else that may come up is so important to us here at Cobos Insurance. We want you to live your best life, and we want you to do that by making sure you’re insured and protecting your family with life insurance! Click here to learn more about how we can help you find the perfect life insurance policy for you and your family.