3 Important Benefits of Life Insurance

If you have anyone who depends on you financially, you may be concerned about what will happen to them—financially and otherwise—if something were to happen to you. Your loved ones need to be able to grieve their loss of you and not worry about any kind of financial burdens. This is one of the many benefits of securing a life insurance policy in Canby, OR from Oliver Insurance.

Financial Security

The main benefit of having life insurance is the benefit that is paid out to your family upon your passing. This type of financial support allows your loved ones to pay for education, pay off the car, pay off the mortgage, and more. There is also money to cover burial expenses as well as money to replace your lost income.

Affordability

Many people do not realize that life insurance is affordable. Because people think it is expensive, they fail to acquire a policy to protect their families. Due to the fact that life insurance policies are so affordable (potentially only a few hundred dollars annually!), it can be one of the wisest investments you ever make.

Locked-in Rates

Ultimately, it is best to purchase a life insurance policy while you are young and healthy. This allows you to have access to lower rates, which are usually locked in for the entire policy term. Therefore, if your health changes during your policy, you won’t see an increase in your premiums.

As you are likely well aware, life can be unpredictable at times. To ensure you and your family are protected against the unexpected aspects of life, schedule a meeting with an insurance agent at Oliver Insurance, an insurance agency that serves the Canby, OR area.