Funeral Expenses: Setting aside funds for your funeral before the need arises is so important for your loved ones. Planning ahead with the proper Life insurance can make sure the funeral costs are covered for those left behind, even without a full plan. Life insurance protects your loved ones from shouldering the financial burden of funeral home services, funeral merchandise, church and burial services. With funeral expenses averaging between $8,000-$10,000, that cost could be significant. That’s a hefty out-of-pocket cost you won’t want your family to be troubled with. Life insurance can help free grieving family members from the added stress of a sudden—and large—financial burden.

Help Support Your Family: While you may not be able to provide for your family forever, the good news is you can plan to financially protect them with the purchase of Life insurance. When it comes down to it, the purchase of Life insurance isn’t meant for yourself – it’s designed to protect your family and loved ones when you’ve passed away. And, if you’re responsible for the financial security of anyone, whether it be a spouse, partner, children, disabled loved one or aging parents, Life insurance can help provide peace of mind that your family will have financial protection upon your passing. If you’re starting a family, this is a great step toward making sure they’re protected if the unexpected happens. The death benefit can provide assistance with things like mortgage payments, care of disabled loved ones and basic needs like food and childcare. And if you are a parent, Life insurance can help ensure your kids’ college savings accounts aren’t tapped to help pay other expenses. Ultimately it could allow your family to maintain their current standard of living without worrying about the lost income.

Pay Off Your Home Mortgage: Your home may be your family’s largest asset and their largest financial responsibility. Life insurance with mortgage protection can help them remain in your home after you’re gone without the fear of making payments or that the house will end up in foreclosure. That is a significant benefit because debt can be inherited and follow your family around for years – negatively impacting their future credit.