Having a life insurance policy to protect your loved ones is regarded as a sound financial planning tool. There are numerous benefits of having yourself covered, these include:
- Protect your loved ones from income loss and financial catastrophe: Whether you have young children, a spouse or even elderly parents that depend on your income, in the event of death your Life Insurance policy can serve as a partial replacement for that lost income so that your loved ones do not suffer a financial crisis.
- Life Insurance can pay for your final expenses: To help with final costs such as burial costs, estate planning and executor costs, debts and medical expenses, so that your loved ones will not be unexpectedly burdened by these costs.
- Life Insurance can be an inheritance to your heirs: Life insurance can provide for your family once you are gone, even if you currently have no assets.
- Life Insurance can be used to pay estate taxes: A life insurance policy can help, so that your heirs won’t be forced to sell assets to cover tax payments. Life Insurance can also be a form of savings account since some policies allow you to build cash value, which can be withdrawn or borrowed at your request. Life Insurance can also be used to make planned charitable contribution at the time of your death.
If you have questions about Life Insurance, contact one of our licensed agents for more information. The Adamson Insurance professionals can answer your questions and help guide you through the process of purchasing adequate coverage. We offer both whole life insurance and term life insurance policies for Ankeny and Des Moines, IA, as well as the surrounding areas. Call us today to learn more about these policies and all the other policies offered by Adamson Insurance.