Life insurance is not about you. It is about making sure that your loved ones are taken care of when you are no longer around. Buying life insurance will be the best gift you could ever give your family. There are five reasons you should consider having life insurance.

1. Replace Your Income

Unfortunately, death can take anyone at any time. If you have an insurance policy, you can protect your family from having to cover your debts. If paying the mortgage or utilities was your job and you die prematurely, then your family will have to cover those bills. With life insurance, they could use that money as a replacement of your income.

2. Pay for Final Expenses

The average cost of funeral expenses can be an exorbitant amount. Caskets, by themselves, can cost between $2000 and $10,000. Keep your final expenses down by buying and maintaining life insurance.

3. Funding for College

Sending your kid to college is the best way to give them a proper education and a great start in life. But colleges are expensive. If something happens to you, your child may drown in college debts. Having a decent policy could help with books and tuition.

4. Pay off Estate Taxes

Estate taxes can be quite expensive and large assets may be lost if they are not paid within a certain amount of time.

5. Prevent Selling Your Company

If your partner dies suddenly, you may be left with more debt than the company can handle. You may have to file for bankruptcy and close your business. Having life insurance could allow you to pay for your partner’s obligations so you will not have to lose your business.

Serving Parkersburg, West Virginia, the independent agents at Curtis Miller Insurance are available to discuss open or new insurance policies.