If you do not have life insurance, then you should speak with a life insurance agent in Oceanside. Life insurance is a necessary expense for some of the following reasons.
Pay for Funeral Expenses
Funeral and burial expenses can exceed $10,000. It is hard enough for a family to deal with the fact that their loved one is gone. They do not need the added stress of paying for a funeral. If you have life insurance, then your policy will cover the cost of the funeral and burial.
Replace Your Lost Income
If your loved ones are relying on your income, then they could suffer major financial loss if you die. A life insurance policy will make sure that your loved ones are provided for after you are gone. While they are dealing with their grief, they will not have to worry about how they are going to pay the monthly bills.
Pay Off Your Debts
Contrary to popular belief, debt does not go away just because a person dies. In many cases, the outstanding debt is passed onto a close relative. If you have a life insurance policy, then you can rest assured that your debts will be paid off after you are gone.
Plan for College
Life insurance is not just for providing for your loved ones and paying for your final expenses. It can also help you plan for your children’s college. If you get a life insurance policy for your child, then they may not have to take out student loans.
Pay Off Estate Taxes
Estate taxes can be expensive. If you have a life insurance policy, then you may not have to use your retirement funds or jeopardize your assets to pay off these taxes.
You can contact Serra Benefits & Insurance Services at https://www.serrabenefits.com/ if you need a life insurance agent in Oceanside.
