Benefits of Life Insurance & Evaluating Your Needs

(This article is in partnership with Aflac)

Benefits of life insurance

No one can predict the future. You never know what life is going to throw your way. Furthermore, nobody likes to face the inevitable reality that all life ends. But it is important to consider what could happen to your family if they lost you. Life insurance can help safeguard your family’s financial future should the unthinkable happen.

As you search for the right life insurance company to help provide you with peace of mind, Aflac should be at the top of your list. September is Life Insurance Awareness Month, making it the perfect time to evaluate your life insurance needs and protect your family’s future.

What are the benefits of life insurance?

Before you consider taking out a life insurance policy, it is important to understand why this financial tool can be useful. With that, let’s take a few minutes to explore how life insurance can help you.

Help protect your loved ones

Life insurance can help provide financial protection for your family in their time of need. Imagine what could happen to your family if you weren’t around to take care of them. Depending on the situation, your loved ones could quickly fall into a bind without your financial support. Unfortunately, that could lead to additional stress as they navigate an emotionally challenging time without you.

With the financial support provided by life insurance, your family can stay on track. Instead of worrying about how to pay the bills, your thoughtfulness will continue to help provide for them while they grieve and beyond.

Peace of mind

If you have dependents who rely on you to support their financial needs, you may find it easier to see the value life insurance can provide. You’ll have the peace of mind knowing that your spouse and children are better prepared to navigate this world, even if you aren’t there to help them.

When you commit to a life insurance policy that can help provide for your family’s needs, you’ll likely find that peace of mind. The simple fact that your family will find financial help is enough to make anyone feel more comfortable.

Do I need life insurance?

Although there are clear benefits of life insurance, you may not think you need to pursue this path. Let’s take a closer look to find out if life insurance is in your best interests.

Do you have dependents?

If you have dependents who rely on your income, then life insurance is an easy decision. You should absolutely purchase a policy that will help protect your spouse and children if something happened to you.

If you don’t have any dependents, then life insurance becomes a bit more complicated. While some people may wait until they have children to take out a life insurance policy, there are benefits to getting one earlier than that. Namely, if you have life insurance before you have dependents, the long-term cost associated with the plan is often lower, saving you money that you can use for other bills or personal uses down the line.

Do you share financial obligations?

Beyond protecting your dependents, you should take measures to help protect anyone you share financial obligations with. Take a minute to consider any financial obligations that could become a burden to those you leave behind.

For example, many young married couples could benefit from life insurance, even if they do not have children. This is especially true if they have a substantial amount of student loans or credit card debt that requires two incomes to repay. If you left your spouse behind prematurely, could they comfortably afford the life you have built together?

Beyond shared debt between partners, you may have co-signed loans with another family member. Without life insurance, they could be put in a difficult situation if you left this world unexpectedly.

Why shouldn’t I delay getting life insurance?

It is very easy to look at life insurance as another expense you don’t want to add to your budget. With that, it is very tempting to put off purchasing a policy until it is absolutely necessary. But if you delay it too long, it might be too late to help protect your family if something unexpected arises.

If you are looking to save money on life insurance, then you should move forward as quickly as possible. From a cost perspective, it makes more sense to purchase a life insurance policy while you are young. That’s simply because life insurance rates are often cheapest when you are young and perceived to be very healthy. Plus, it can be a better value for your money to purchase a policy earlier in life since you can typically lock in a lower rate when you are still young and in good health.

Why should I get Aflac life insurance?

As you consider your options for life insurance, Aflac deserves your attention.

Aflac is a Fortune 500 company with a great reputation. The company provides protection to more than 50 million people throughout the U.S. and Japan. You can feel safe trusting this reliable company to care for your family after you are gone. Plus, the company provides additional supplemental coverage options that help with the expenses health insurance doesn’t cover.

Beyond traditional life insurance policies, Aflac also offers supplemental short-term disability insurance that helps protect you financially if you are unable to work. The policy provides benefits that can be used to help you and your family if a covered sickness or injury leaves you unable to work. Imagine the added peace of mind knowing that Aflac has your back.  It may help you stay on track financially without worrying about what tomorrow may bring.

Finally, Aflac is a company that presents a committed stance to making the world a better place. The company is well known for helping children cancer patients and their families for 25 years. Most notably, they’ve established the Aflac Cancer and Blood Disorders Center in Atlanta. With a company that is so clearly committed to helping those in need, you can be sure that Aflac will be there to support your family when they need it most. If this interests you, then you can go to esg.Aflac.com to explore how Aflac is dedicated to being a good and decent company.

The bottom line

Life insurance is a good way to help protect your loved ones with unnecessary financial stress. With a life insurance policy, you have the ability to help protect your family from the financial repercussions of your passing. This can allow them to mourn in peace without having to wonder how they will be able to pay ongoing bills.

If you think your family could benefit from life insurance, then the best time to act is now. Once you decide life insurance is a good choice for your situation, putting off the purchase could lead to higher rates. Beyond the cost, delaying your life insurance could lead to dramatic consequences for your family if you aren’t able to finalize a policy in the event something happens to you. Since you never know what life is going to throw your way, it is better to act as soon as possible, lock in the lowest rates today and ensure your family is protected.

Take a minute to check out your rates with Aflac today. You won’t regret making the decision to help protect your loved ones.

This is a brief product overview only. Coverage may not be available in all states. Benefits/premium rates may vary based on plan selected. Optional riders may be available at an additional cost. The policy/rider has limitations and exclusions that may affect benefits payable. Refer to the specified policy/rider form(s) for complete details, benefits, limitations, and exclusions. For availability and costs, please contact your local Aflac agent

Coverage is underwritten by Aflac | WWHQ | 1932 Wynnton Road | Columbus, GA 31999 | In New York, coverage is underwritten by Aflac New York | 22 Corporate Woods Blvd, Suite 2 | Albany, NY 12211
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