What is Life Insurance?
Life insurance is one of the most valuable purchases you will ever make. Just as we buy a car and home insurance so too should we purchase life coverage in order to protect ourselves from financial losses that could occur during an unfortunate event such as death.
These consequences include not only grieving time for loved ones but also potentially providing for kids' education; paying off debts like credit cards or student loans which can take years (or forever) due to their high interest rates; paying off belongings left behind by departed family members.
Who Needs Life Insurance?
Not sure if you should buy life insurance? Think about the following questions:
Do I have an outstanding mortgage on my home?
Am I financially responsible for any dependents such as a spouse, children (including adult children), or parents?
Do you need or have coverage outside of an employer’s group life insurance policy?
Have there been recent changes in your debt levels that need attention due to financial circumstances changing unexpectedly?
All these factors need consideration before purchasing adequate coverage against death due to incidents that can leave loved ones penniless should tragedy strike!
What Type of Life Insurance Do I Need?
Life insurance does not have to be a complicated process, but for most people, the major decision is choosing term or whole life. There is an argument in favor of both policies - this depends entirely on your needs. You can have peace with CESCA knowing every plan will be tailored specifically for YOU!
This guaranteed benefit can provide income for years while also helping with a mortgage or educational costs if necessary — leaving behind a legacy that will live on in future generations too.
It is simple – choose how long you want to be insured (“term,” typically 10, 15, 20, or 30 years) and decide how much money (“coverage”) you want your loved ones to receive. Your cost will never increase during the term of your policy.