Clinton Life Insurance
Life is expensive. Bills and everyday expenses take up a lot of our money. Death can also be expensive, though, and can cause a family to suffer financial issues, especially when the breadwinner dies.
That’s why many people protect their loved ones with life insurance. Life insurance works by providing your loved ones with money when you pass away. That way, they won’t be burdened by funeral expenses and other expenses associated with your death.
We never know when we will die. It could happen tomorrow; it could happen 10 years from now. Or you could live 50 more years. But by purchasing a life insurance policy, you are taking a step to prepare for the future.
There are two main types of life insurance:
Permanent and term life insurance. Permanent life insurance lasts your entire life, while term life insurance only lasts for a certain period, such as 10, 20, or 30 years. Term life insurance can also be converted to a permanent insurance policy. Both insurance types usually require in-person medical examinations.
Some people don’t feel comfortable discussing death and therefore don’t have life insurance. However, if you are married and have kids, it’s a great investment.
In any case, whether you should get life insurance depends on your individual circumstances, including your financial situation, family obligations, and long-term goals. It’s important to carefully evaluate your needs. A Clinton life insurance agent from Hartman Insurance can help you determine the type and amount of insurance coverage that best suits your situation.
Why Get Life Insurance?
Besides protecting your loved ones, life insurance can help you in the following ways:
- Income replacement. If you are the primary breadwinner in your family, life insurance can replace your income and help your family maintain their standard of living if you were to die unexpectedly.
- Debt repayment. Life insurance can be used to pay off any outstanding debts, such as a mortgage, car loans, or credit card debt, so that your loved ones are not burdened with these financial obligations.
- Education expenses. If you have children, life insurance can help cover their education expenses, such as college tuition. This will ensure that they have access to quality education even if you’re not around.
- Business continuity. If you own a business, life insurance can be used to provide funds for business continuity, buy-sell agreements, or to compensate for the loss of key employees.
- Estate planning. Life insurance can also be a valuable tool for estate planning purposes, helping to ensure that your assets are distributed according to your wishes and minimizing the impact of estate taxes.
Contact Our Clinton Life Insurance Agency Today
Considering life insurance? Discuss your options with an experienced agent from Hartman Insurance Agency. We’re an excellent option for those interested in purchasing life insurance in Clinton and all throughout Michigan.
See how life insurance can benefit your family. To schedule an appointment with Hartman Insurance today, fill out the online form or call (734) 999-4190.