LEAVE MEMORIES, NOT BILLS
Top three reasons people buy life insurance. According to a recent study, people buy life insurance to:*
√ Pay final expenses — 49%
Note: You can purchase a policy that will simply cover the costs of a funeral.
√ Replace income — 35%
Note: If anyone relies on you for financial support (like a spouse, children living at home, or a loved one with special needs), life insurance can help provide for them after you’re gone.
√ Pay off mortgage — 22%
Note: A policy that pays cash benefits to your spouse or other beneficiaries can help ease the burden of monthly mortgage payments.
*LIMRA (Life Insurance and Market Research Association); Results from LIMRA’s 2016 Household Trends in Life Insurance Study; www.limra.com/ownership