If you’re single and don’t have any dependents, you may be tempted to think life insurance isn’t necessary. But there are still some great reasons to consider getting covered:
– Paying funeral costs – The average funeral is over $9,000. Life insurance proceeds can cover so your family doesn’t have to.
– Settling debts – Whether it’s student loans, credit cards, or medical bills, life insurance can pay off what you owe so others don’t have to.
– Leaving a legacy – You can designate nieces/nephews, friends, or charity as beneficiaries to give them a gift.
For example, Rachel is 30 and single. She doesn’t have kids but has $25K in student loans. She got a small $100K life insurance policy and made her parents the beneficiaries. This ensures that if anything happens, her parents can pay off Rachel’s debts without any financial burden.
Life insurance can give you peace of mind that you won’t leave behind any financial headaches for others if you pass away unexpectedly. Get a quote today and discuss your coverage options.