Thread by @LordSketchyDuck

Reasons to get Life Insurance - THE THREAD

1. Replace Lost Income - If you were to die randomly whoever depends on you would be without your financial presence meaning everything you took care would fall on them. Life insurance would cover the bills you were paying for.

2. Covering Burial Expenses - Funerals are EXPENSIVE. And most of us on here are 20something some pushing 30something and let’s be honest we’re not pre paying our on funeral yet. With Life insurance you can make sure your funeral is covered and your family isn’t paying it.

3. Paying off Debt - Being 20something 30something we already have debt. Credit cards, Cars, houses, student loans, you name it you probably have it. If you died your debt wouldn’t die with that it would be charged to your estate.

What that means is after you die and your things are about to be passed over to your family a group of guys in suits will come and get first dibs to make sure they take what they’re owed out of your belongings.

4. Planning for College - So let’s be real. If you haven’t had kids yet maybe your friends have and your time is coming. As time goes on the kids grow and eventually their school is no longer free. So how will you pay for it all? The same way you did?

Let’s do better as parents! Getting life insurance is a good way to supplement your savings and pay for school and help your kids out on student loans.

5. Building Cash Value - So typically when you hear about life insurance you’re being told about Term Life insurance which stays with you for a certain amount of time but there’s another. Whole Life insurance, it gives you permanent coverage until you decide to cancel.

So whole life insurance allows you to build up cash value over time. Meaning in a moment of need you can pull money from your policy for your needs.

6. Diversifying Investments - With a Universal Life policy you bond it a specific investment product. As policyholders you receive dividend payments based on the investment performance.

7. Business Planning - With having a business you have financial obligations and maybe even a partner. If you died what would happen to your obligations? What would happen to you business?

You and your partner(s) having life insurance would supplement the financial obligation you had towards the business.

8. Estate Taxes - If you die with money and assets and want to leave it to family, Uncle Sam is family too and he wants his share. Life insurance can help by paying the taxes so your money and assets can go to your family in peace.

Lastly I hear people wonder about cost but it’s not expensive at all most policy’s range between 15-50 bucks a month depending on what you decide you want your policy size to be. Also, you can have multiple policy meant for different areas affected after your passing.

Let me help you get your choice of life insurance and give you peace of mind about what would happen if you were to die. #30daysofthreads