Nine times out of ten, every adult should have some form of life insurance. You may not think you need it, especially if you’re single without children, however that is not the case. Let’s discuss it further and why you may need it.
You have a family
Whether or not you are married without children, or married with children, you have people that count on you and your income. Having life insurance provides them with some security in the time of your passing. Generally, you want to have enough insurance to cover funeral costs as well as for bills while they grieve your loss.
You own a house
Even if you’re single, if you own a house, you should have life insurance. You want it to cover the cost of your funeral expenses as well as your mortgage. This keeps your family from being burdened with your expenses should you pass away. Even if you don’t own a house, and just have a vehicle, life insurance can help to cover any expenses you may leave behind.
You own a business
If you own a business, having a business-owned life insurance policy is important. For one thing, if you have a business loan, it would cover the cost of the loan in the event of your passing before the loan is paid off.
Whatever your reasoning for needing life insurance, it is something you should definitely consider having. Here at Advocate Insurance, we can assist you in getting the right life insurance for your situation. Give us a call today.
Advocate Insurance has over 20 years experience in the safety risk management and employee productivity fields. We also have the experience to help with your commercial insurance needs as well as auto and home owners insurance. We has assisted individuals in and around Reading PA with auto and home owners insurance. We work with businesses in Reading PA and around the Berks County area with risk management and safety training services.