Life insurance can be very difficult to understand. Especially the costs and benefits. Take term insurance as an example. To some people, it is frustrating to have to send a check every month and never get anything back!
So why would anyone buy this stuff?
Some Humorous Reasons to Consider Life Insurance
Your brother-in-law sells insurance
You want the local college to name a building after you
You want to set up a trust fund for your dog after you die
You want a fancy funeral
You hope your children will visit more often if they are beneficiaries
Some Better Reasons to Consider Life Insurance
All kidding aside, there are some good reasons to consider life insurance including the following:
You want to leave money to your favorite charity
You want cash to help transfer your business to family or a partner
You want some cash so your family doesnt have to sell a business or farm
You want to pay off your debts
You want to take care of your loved ones if you die too soon
Regardless of which reason is important to you, you should consider what you want to protect. No one can tell you what the right amount of life insurance should be.
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Life Insurance – Reasons to Consider ItAugust 13, 2009Thomas McMahonhttp://blog.allstate.com/life-insurance-reasons-to-consider-it/Life insurance can be very difficult to understand. Especially the costs and benefits. Take term insurance as an example. To some people, it is frustrating to have to send a check every month and never get anything back! So why would anyone buy this stuff? Some Humorous Reasons to Consider…http://blog.allstate.com/wp-content/uploads/2012/06/225be2145381965289c4acc3dbac5494.jpgAllstateLife Insurance – Reasons to Consider It