Life Insurance: If You Died Tomorrow, Could Your Loved Ones Survive Financially Without You?

Death is a fact of life. It’s unpleasant to think about, something most people would prefer to avoid contemplating altogether, but it’s still true… sooner or later, we all die. The only questions are when it will happen and how prepared we will be when the time comes.

There’s no way to know the answer to the first question, but the second question is something you absolutely can control and should— if love is putting someone else’s happiness and well-being before your own, then there is no greater act of love than making sure your loved ones will be taken care of after you are gone.

It’s something you do not for yourself, but for them.

Life Insurance 101

Why do you need life insurance, and what are some of the basic types of policies available?

The I’s on Insurance: Life Insurance

Life insurance is a vital part of your family’s financial stability and well-being. But if you’re like most people, you probably have questions about what types and amounts of life insurance are best for your needs. Planning for your family’s future isn’t just about money; it’s about life.

Do You Understand the Basics of Life Insurance?

Do you know the difference between Term and Whole life insurance? Permanent versus Variable policies? Renewable Term versus Convertible Term? Make sure you understand the basics about life insurance– many people don’t.

What Can Life Insurance Do for You?

There are 3 primary ways life insurance can help you achieve your financial objectives:

  • Income Replacement

  • Savings, Growth & Income

  • Charitable Giving

Life insurance is a cost-effective way to shelter your loved ones from the financial consequences of losing you. It replaces the income you would have earned, so that they don’t have to struggle with a devastating financial loss in addition to the terrible emotional loss they will experience without you.

Money can never replace your love, but it is an expression of your love that can free them from financial worry while they are mourning and throughout their lives.

Depending on the type of policy you choose, you may also be able to use a life insurance policy as a vehicle for savings, growth and income. Some policies accrue cash value against which you can borrow, and your policy’s value may also grow with the market and/or generate income.

Life insurance can also be part of your charitable giving strategy for your estate: you can gift some kinds of life insurance policies or their proceeds to the charity of your choice as part of your estate if your loved ones’ needs will be met in other ways.

When It Comes to Life Insurance in North Carolina, We’ve Got You Covered

We offer the full range of life insurance options that reduce the risks to your family of the loss of your earning power and may also offer savings or growth:

  • Term Life Insurance

  • Whole Life Insurance

  • Universal Life Insurance

  • Variable Life Insurance

Some options accrue cash value and offer additional growth and income opportunities; others just pay a death benefit, but may have lower premiums.

Which type of policy is right for you depends on your particular circumstances and what you hope to achieve; we’ll help you figure out the best choice for you.

We’ll Help You Choose Wisely and Find the Right Coverage at the Best Price

Once we understand your situation and objectives, we will make recommendations on which of the many options will work best for you.

Because we are independent, our selection of life insurance policies is not limited the way a proprietary agent’s are; we are able to offer our clients a much broader range of options from a variety of different carriers.

And more choices often means a better fit for your needs at better rates than you might otherwise pay.

Life Insurance Premiums Are Usually Lower If You Buy When You’re Younger

The best time to buy life insurance is when you are younger and relatively healthy; buying early to lock in lower premiums can greatly reduce the cost of making sure your loved ones are taken care of after you’re gone. But even if you’re older, you may still have options available.

Please don’t put off this very important part of taking care of your family– the consequences of waiting can be expensive for you and catastrophic for them.

If you need life insurance in North Carolina, please contact us today to schedule a free consultation. We will be glad to help you explore your options and find the best choice for your needs and your family’s peace of mind.

Tools and Resources

Request a Quote for Life Insurance

InsureU: Understanding Life Insurance & Annuities

Life Insurance FAQ & Resource Library

What You Should Know About Buying Life Insurance

NAIC Life Insurance Buyer’s Guide

Life insurance considerations for young singles

1035 Exchanges: Should you exchange your life insurance policy?

Life Settlements: Should you sell your life insurance policy for cash?

State Insurance Department Locator

Research insurance companies before you buy

How to locate an insurance benefit when you don’t have the policy


Finding a Lost Life Insurance Policy

Can’t find your loved one’s life insurance policy or not sure whether they had one? Here are some helpful suggestions on where to look and an industry resource that might help.

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