We Hate Insurance

  As an agent I hear lots of ideas about life insurance both for and against, but the one that really drives home the point that life insurance is the best way to handle some things like your funeral costs and final expenses. Many folks who are a little older and have some savings will say, "There is plenty of money in the bank to pay for my funeral, so I don't need a life insurance policy." Sounds pretty iron clad, right? Well, let's look at this with eyes wide open. First off, this works as long as someone survives you that is an owner on your bank account. You see, the bank will close the account and freeze the assets as soon as the owner dies. If you don't have a spouse that is still alive when you pass and you have not made your kids owners on your bank account, they will not have access to the funds you set aside for your final expenses until after probate is satisficed.  In other words you can either give your children unfettered access to your money right ...

Even if you're single, life insurance can protect others from financial burdens brought on by your passing. Not to mention, life insurance rates for young people are generally lower than they are for other customers. Getting life insurance while you're single and young could let you access lower rates and longer terms, which could be especially helpful if you were already planning to get life insurance later in life. We all know it is responsible to get life insurance when you have others relying on you day to day, for food, housing, clothing, child care, and all the things we need but what about when it's just you? Below are some reasons that you should look at life insurance while you are young and single. Final expenses Life insurance can be an important way to pay for your funeral and other end-of-life expenses, so your parents or siblings aren't burdened with that cost. A permanent life insurance policy, like whole life insurance, is more affordable when you purcha...