Life insurance is an essential part of life. Unfortunately, many people just don’t know it yet.
In fact, the Life Insurance Marketing and Research Association (LIMRA) reported that only 54% of people in the U.S. had some form of life insurance coverage in 2020. Of those policyholders, LIMRA also found that every one in five people felt their current life insurance was inadequate.
Berks County Insurance wants to close that gap. Located in Reading, PA, the agency understands the importance of life insurance. While there are countless reasons to purchase a policy right away, their expert agents share the top five benefits of having a life insurance policy.
Protect loved ones
The primary purpose of life insurance is to protect your loved ones. If you unexpectedly pass, life insurance ensures you can continue to provide for them long after you’re gone.
Replace lost income
Life insurance supplements any lost income that you earned to help support your family. This helps with daily needs and alleviates some financial burdens.
Pay off debts
Keep bills from piling up. In addition to these living expenses, life insurance covers any outstanding loans, mortgages, or other debts.
Cover funeral expenses
Funerals can be costly. Your family is already shouldering the emotional stress of your passing. Death benefits, included in most life insurance plans, can make it a little easier by reimbursing these expenses.
Added financial security
Peace of mind is priceless. You’ll want the best life for your spouse, partner, and kids after you’ve passed. Life insurance adds a layer of security by preparing for the unexpected.
Find an agent serving Reading, PA
Berks County Insurance knows that life insurance isn’t for you. Purchasing a policy protects your family and loved ones, providing them with security and safety. Schedule an appointment today.