Having life insurance is like being on a cruise ship with life preservers and lifeboats. These emergency tools are there as a precaution in case you need them. When a storm blows in and the need does arise, you won’t find a person on that boat wishing they hadn’t brought on that extra lifeboat. 

So do you need life insurance? Yes. It’s always better to have it and not need to use it than to be in desperate need of it without having it. 

Why You Need Life Insurance 

It’s easy to see why you need health or auto insurance. They protect you against having to bear the full cost of illness or accident. And besides, they’re required by law. 

But what about life insurance? How does it protect you? 

Basically, life insurance protects your loved ones who depend on your earnings. It can provide money to pay for funeral expenses and debts you carry after your death, and it can help pay for your dependents’ future expenses such as college.

How Much Life Insurance Do I Need?

To determine how much life insurance you need, you’ll need to consider the following: 

• Your Age

• Your Health

• Family Status

• Understanding of Level of Debt

• Current Income Level

Knowing where you fall in each of the above-mentioned categories will benefit you hugely as you decide how much life insurance you need. It’s also recommended that anyone 26 and older and anyone who has a family (or is considering starting one) should have some form of life insurance.  

There are a lot of life insurance policies out there. Consult with Insurance Center Associates to find the right insurance plan for you and to learn about our services.