7 Reasons You Should Have Life Insurance

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(No Transcript)
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• Life insurance is one of the most important
  investments a person can make in their lifetime.
  If that sounds overly dramatic to you, consider
  these 7 important reasons everyone should buy a
  life insurance policy.

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• The death of a family member is such a personal
  tragedy, most of us dont stop to think of the
  financial impact it can have. Funeral costs can
  easily run into the tens of thousands of dollars.
  Life insurance helps cover funeral and burial
  expenses, lessening the financial burden.

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• When a person dies, their family can no longer
  rely on their income to help support them. The
  sudden loss of income can cripple a family
  financially, which makes the financial protection
  offered by life insurance an incredibly valuable
  safety net.

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• If your loved one owns a significant amount of
  property, the estate taxes associated with
  inheriting their valuables can be prohibitively
  expensive. This is another situation where money
  from a life insurance policy can protect heirs
  and family members.

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• Many workplaces offer their employees the option
  to buy life insurance. While this can be helpful,
  employer-provided life insurance payouts are
  usually well below what family members of someone
  who has recently passed need to pay their
  expenses.

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• How much do you think a life insurance policy
  costs? According to a recent study, you probably
  overestimate the cost of life insurance by as
  much as three times its actual cost. Many life
  insurance plans are available for less than the
  average cellphone or cable bill.1

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• When a person dies, their debts dont just
  disappear. Family members who are suddenly
  saddled with the debts of a dead family member
  often rely on a life insurance payout to keep the
  newly acquired debt from affecting their finances
  and credit rating.

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• If you think youre too young to be considering
  life insurance, you should know that its better
  to secure a low rate at a young age than wait.
  After age 40, premiums become noticeably more
  expensive. Buying life insurance at a young age
  offers the same protection, for a better value.

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• EQUOTE helps people like you find affordable life
  insurance coverage on their own terms. For more
  information on no medical exam life insurance or
  to receive a quote, visit us at www.EQUOTE.com.

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1. http//www.bankrate.com/finance/insurance/reasons-
   to-buy-life-insurance-now-3.aspx