OWENSBORO, KY – Life insurance can be the gift of love. Are you giving this much needed gift to your loved one?
Whatever you call your special loved one, Valentine’s Day is a time to celebrate your relationship and offer a token of your affection. While the traditional roses and candy are thoughtful, roses fade and candy doesn’t last. For a more lasting gift, why not consider life insurance?
When you meet your soulmate, you find yourself on a lifelong journey. But have you considered what would happen if you were no longer there to take care of your loved ones? Life insurance could be one of the single most important purchases you ever make for those you leave behind. In a recent study by LIMRA, a leading insurance and financial services trade association, life insurance was the primary source of financial assets or income that Americans expect to use to help pay bills and maintain their lifestyle if the primary wage earner dies. While nothing can replace you, having life insurance means that if something happens to you, your loved ones would be okay financially.
Life insurance can:
- Pay for funeral costs
- Help meet ongoing living expenses
- Pay off outstanding debt, including credit cards and the mortgage
- Continue a family business
- Finance future needs, such as your children’s education
- Protect a spouse’s retirement plan
It can take a family several years to financially regain their footing after the loss of the primary wage earner. Statistics gathered by the LIFE foundation, a nonprofit industry research and educational organization, show that 31% of respondents surveyed say they would feel the financial impact from the death of the primary wage earner within one month. One in three women believe they don’t have enough life insurance, but research also showed that people overestimate the cost of life insurance by two times.
Why make assumptions about the cost and need of life insurance that could leave your loved ones with funeral expenses, debt and uncertainty for their financial future? One of our knowledgeable insurance agents at E.M. Ford & Company can help you determine how much insurance you need and can offer affordable options that meet you budget.
To speak to one of our agents about life insurance, visit us on Frederica Street in Owenbsoro, or on U.S. 41 in Henderson.
You can also give us a call at (270) 926-2806.
Information provided by the Cincinnati Insurance Company.
©2015 E.M. Ford & Co., LLC
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