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Why should I buy life insuranceYou may think that everything in your life is just going perfectly, you are healthy, you have a good job, even a house and family, so “why should I buy life insurance?” This thought is one that is commonly shared amongst the majority of households in America who do not have any form of life insurance coverage.

But, what if everything changes and you were to meet an untimely end, who would care for your loved ones then? It is hard enough dealing with the loss of a loved one without also having the worry of wondering about finances.

When a loved one dies, no one wants to wonder whether they have sufficient funds available to pay for funeral costs, or whether they will still be able to live in their home. Of course you will have heard about life insurance and know basically what it is, but, are probably wondering why on earth you personally would need it.

However, if you have financial commitments and responsibilities and have family financially dependent on you, then you seriously need to think about taking out adequate life insurance coverage that will ensure your loved ones will always be cared for financially.

Nobody wants to think about his or her death, but not having a life insurance policy could be one of the worst things that you do for your loved ones.

Main reasons why you should buy life insurance

To help replace your income

The first and probably most important reason why anyone should take out adequate life insurance coverage. If you are married and/or have children and your family depends on you financially, their lives would change radically was anything to happen to you and cause your income to cease. Without your income they would have to maybe think about moving home and also change any long term plans for education.

To ensure that funeral costs are met

No one wants to think about death, especially if it is their own demise, however with the average cost of a funeral in America standing at $10,000, it is an important factor that must be taken into consideration.

How many people have this kind of money just sitting there waiting to pay for the funeral service, casket, burial plot and obituary etc? If you were to die suddenly, it would be a hard and sad time for your family and you would not want them to deal with the worry of having enough money available to pay for a decent funeral on top of everything else. 

To ensure your mortgage is paid off

Funding for college If you have, or indeed are planning to have children, you will want to ensure that their future education will be secured. By ensuring that you have adequate life insurance coverage, even if you were to suffer an unexpected demise, they would still have the same education and chances in life that they would have had with you around.

With the rising costs of sending kids to college it is highly important to have some kind of financial provision in place to ensure your kids get the education they need and deserve, even if you are not around to see and support them.

All of the above are valid reasons to ask yourself that vital question “Why should I buy life insurance?”

Without adequate life insurance coverage, if you were to die suddenly, the impact that would have on the lives of your loved ones would be enormous. Not only would they have to deal with your loss, they would also have to deal with the loss of your income. They would have to worry about arranging and paying for a funeral and also think about whether they could continue to live in their current home, or whether indeed, they would have to move away to a different neighborhood and away from their friends and support network.

In essence, without adequate life insurance coverage, the ones you care about the most, your loved ones, would be the ones who would suffer if your life were to end suddenly and unexpectedly. As soon as you realize that you need life insurance coverage, don’t put it off, start looking at the best ways of ensuring that your loved ones will always be financially cared for.

If you put off the decision because you don’t want to think about your own death or make any plans for it, or because you think it is a morbid issue, or indeed, even if you just think sudden death may never happen to you, you may leave it until it is too late.

Also, take into account, that age and any health issues can have an impact on premiums paid, so get some quotes as soon as possible.   In fact just last week, we had a perfectly healthy client put off life insurance and he finally came back to us with a recent diagnosis of sleep apnea.  He can't qualify for the best rates anymore. Don't let health issues stop you from getting the coverage you deserve. There are companies who offer life insurance for high risk individuals such as someone searching for life insurance with diabetes. Let us help you in your search.

The easiest and best way to do this, is by contacting an independent life insurance company, such as ourselves.

Our company, Rootfin, is a life insurance coverage provider in over 50 states, representing over 60 Life Insurance providers.  Companies like Banner Life Insurance, AIG, Prudential and MetLife.  However we are a totally impartial and independent company.

Because each company is different, all of them will view your application differently. Some companies view specific pre-existing conditions more favorably than other companies do, which means that you could receive drastically different rates for the same coverage. It’s easy to see why it’s so important that you receive quotes from dozens of companies before you choose which ones works best for you. You could spend days calling all of the different companies. Instead of wasting your valuable time, let us do all of the hard work for you. Our agents understand life insurance and are extremely knowledgeable about the various companies that we represent.

Working with an independent agent isn’t the only way that you can get affordable coverage. There are a few other things that you can do to lower your monthly premiums.

After you find the company that is going to fit your needs the best, they will send a paramedic to complete a simple medical exam (unless you choose a no medical exam policy). That medical exam is going to play a huge role in determining how much you pay in monthly premiums. Because the medical exam is so important, you should spend time focusing on your health.

If you want to get affordable life insurance, it could be the perfect time to lose those extra pounds you’ve gained. Carrying extra weight increases your chances of having health complication later in life, which means you’ll be a higher risk to the insurance company. If you want to save money on your policy, start a healthy diet and a regular exercise program.

We have a dedicated team of experienced life insurance agents who will discuss your life insurance needs and ensure that your loved ones will be adequately cared for financially. Having affordable and adequate life insurance is one of the best decisions that you can make for your family, but it can be a long and frustrating process, luckily you don’t have to do it alone.

We take pride in knowing that we always find our clients the best possible deal, one that is specifically tailored to their personal circumstances. The most important thing to remember is that the sooner you arrange adequate life insurance coverage, the better. Ensuring that your loved ones will always be financially secure is the best way to truly show them you care. 

If you have any questions about life insurance, the different types of policies, or why you should get life insurance, please feel free to contact us at any time. Our agents would be happy to help you make the perfect life insurance policy choose for you and your family.

About Jeff Root

is the owner of rootfin.com. He's an independent life insurance agent who has helped 1,000's of consumers purchase life insurance online and over the phone.

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