At Freisenbruch-Meyer, we know that purchasing life insurance can be confusing.
However, as we grow older, get married, and begin to have families of our own, we realize that it’s a fundamental part of any sound financial plan for our future. In this way, it is better to be proactive rather than reactive. Certainly, life insurance is an uncomfortable topic. The loss of a loved one is an emotional and traumatic experience for any family, but not having enough money to meet their immediate and ongoing living expenses can make a difficult situation even worse. Not only are the people you love grieving your loss, but they now have added financial stress to cope with. Depending on their current financial resources and ability to recover both emotionally and financially, your loved ones could be forced to move to a less expensive home or community, forego their education and career plans, and cut back on their quality of life. They may be even forced to take out loans to pay for your funeral and burial costs, as well as any outstanding medical or bills.
A financial plan without adequate life insurance is no financial plan at all.
Depending on the type of policy, life insurance can be extremely affordable. However, most people overestimate the costs. One major factor in cost is purchasing life insurance when you are young. This way, you solidify premiums for the duration of your policy, meaning you’ll be paying the same affordable price decades later. Even though you’ll pay lower premiums if you buy when you’re younger, you may still need a policy later in life. While it will be more expensive, it’s still possible to find a low-cost life insurance policy, especially if you’re healthy. Although price might not be the primary consideration when choosing a life insurance policy, it’s still always helpful to know what you will receive for your money. Embrace today so you can be set for tomorrow.
Let Freisenbruch-Meyer help put these costs into perspective for you and help you choose the best policy to ensure you and your family members are covered. As the years pass by, you’ll find comfort knowing you have the best financial strategy to protect your loved ones in the event of your passing.