The common assumption when it comes to life insurance is that only married couples, or people with kids need to carry a policy. In reality, there are a number of reasons why a good life insurance policy can be a good idea for people who are single as well.
1. Unexpected Funeral Costs
Although it is an uncomfortable topic, accidents can happen. The cost of funerals has risen all the way to an average of $6,000. If you are without a life insurance policy, that means someone is going to have to carry the burden of funeral costs.
If you are a college graduate with a substantial amount of debt you may want to consider a life insurance policy. Many people believe personal debt stays with you, but that is not always the case. When It comes to personal loans (where you had someone cosign) the burden can sometimes fall on the person who helped you get the loan.
If you are a business owner life insurance can be used to ensure financial security and stability for your business should an accident even occur.
Life insurance doesn’t have to be a scary task. Our licensed insurance agents can help you through the process and find the right fit for you and your budget.