Replace Lost Income - Life insurance works to provide financial security to your loved ones after you pass away. You have to consider what would happen if you were to die suddenly. This is especially true if your loved ones rely solely on your income. Get yourself adequate coverage. That way, you won’t leave your loved ones helpless when the monthly bills come around.
Funeral Costs - Sadly, even a basic funeral service can run upwards of several thousand dollars. While it’s possible to pre-pay funeral expenses, people don’t often think that far ahead. Life insurance can give you and your beneficiaries more of a guarantee, lifting a burden off of them as well as yourself.
Coverage is affordable - One of the excuses people tend to make for not buying life insurance is the cost. But truthfully, coverage often ends up pretty affordable for most people. Term life tends to be less expensive than whole or universal life. Plus, the younger and healthier you are, the lower your premiums will be. Unless you smoke or have a preexisting health condition, you could find coverage for as little as $1 a day.
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Selling Your Life Insurance Policy
WHAT IS LIFE SETTLEMENT?
A life settlement is the sale by the owner of a life insurance policy to a third party for an amount greater than its cash surrender value and less than the death benefit. The seller of the policy receives a cash payment. The buyer of the policy assumes all future premiums payments and receives the death benefit upon the passing of the insured.
Make an appointment Today with Ms. Tee to see how much your life insurance policy is worth.