Do We Really Need Life Insurance?

Many of us will agree that life insurance can provide financial security and protection for our loved ones at a time when they need it most.

But do we really need it? How does it help?

Life Insurance can provide a secure foundation for your financial planning program. Some people need life insurance for family protection which in many respects covers a countless number of issues and ideas.

Life Insurance provides financial security across many situations;

If people, such as family members, friends etc. depend on your income, life insurance can replace your income for them if your death is sudden. This situation is extremely common with regards to parents and young children.

Life Insurance can pay your funeral and burial costs, probate and other estate administration costs, debts and medical expenses that are not covered by health insurance.

You can create an inheritance for your heirs, even if you have no other assets to pass to your heirs, you can create an inheritance by buying life insurance policy and naming them as beneficiaries.

Life Insurance benefits can pay estate taxes so that your heirs will not have to liquidate other assets or take a smaller inheritance.

If your wish on your death was to make a charitable contribution, having life insurance will enable you to do this. By making the charity the beneficiary of your life insurance, you can make this donation.

There are many reasons why we need life insurance, for further information on life insurance call Samuels Financial on 0161773 1777 or visit our website www.samuelsfinancial.co.uk

Do We Really Need Life Insurance?

By: Andrew Lowdon

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