Life Insurance: Luxury or Need?

If you consider life insurance a non-essential entity in your life, it’s time to think again. Life insurance has so much to offer in the way of financial security for those you love in the event of your unexpected demise. A life insurance policy from Great Michigan Insurance in Marshall, MI offers your loved ones the following benefits and more:  

Financial Support  

If your loved ones count on you for financial support, your unexpected demise could put them in financial straits due to the sudden loss of income. Life benefits can help replace your income so your loved ones can carry on. Whether you’re supporting a spouse, children, or aging parents, benefits from a life insurance policy can provide essential financial security for their future. Life benefits can help supplement your family’s budget, pay for medical expenses, cover school needs, and more. You can even designate those benefits to be put aside to help pay for your children’s college after they’re grown.

Paid Debts

Life benefits can be used to pay your outstanding debts, so your spouse, parents, or other relatives don’t have to assume this burden. This includes co-signed student loans, the mortgage on your home, car loans, or business loans. You can have peace of mind that your debts will be taken care of in the event of your untimely demise.

Paid Funeral Costs

If you’ve made no previous arrangement for your funeral, your loved ones will have to assume this responsibility if you were to pass on suddenly. Life benefits can be used to help cover these costs. Your loved ones won’t be weighed down with this financial burden at a time when they’re mourning your loss.

For more information about life insurance options and costs, contact Great Michigan Insurance. For your convenience, we serve residents in Marshall, MI, and surrounding communities.