You are irreplaceable, but Life insurance can help. For your specific stage in Life, learn how Life insurance can help your loved ones.
Single people often think they don't need life insurance and often they're right. But if you have people who depend on you, are at risk for any serious medical conditions, or don't want to burden anyone with your final expenses, you may want to consider Life insurance.
When you're just starting out, life insurance is typically less expensive and easier to obtain if you're healthy. If you or your spouse were to die, the other could use the proceeds to help repay significant debts, such as a mortgage, credit card balances, student loans, and the like.
For parents of young children, life insurance is generally a necessity. If one parent were to die, life insurance proceeds may help the survivor maintain the family's quality of life.
Single parents often bear dual burdens - the sole source of income and the responsibility for the care and guidance of the children. Life insurance proceeds can provide financial assistance in the event a family's sole caretaker passes away.
Even if your children are financially independent, life insurance may still be an important part of your financial strategy. A widow or widower may need to pay off a mortgage and other debts. Life insurance may be part of your estate planning strategy or designed to help grandchildren accomplish important goals such as completing a college education.
Life insurance is a valuable employee benefit and it can help a business owner attract and retain employees. Business-owned life insurance on key employees can help to make it financially possible for the business to hire and train a replacement in the event of the key person's death. And life insurance proceeds can also help a surviving partner or family members purchase a deceased owner's share of the business.
It's always difficult to lose someone you love - Financial difficulties make it worse. Life insurance may help to provide financial relief for the people you care most about if you're not there to care for them yourself. Contact your local Farmers agent today.
Life insurance issued by Farmers New World Life Insurance Company, 3003 77th Ave SE, Mercer Island, WA 98040. Products and features may not be available in all states and may vary by state.