Life insurance is something universally beneficial. It protects those you love from the financial devastation caused by losing the primary breadwinner in a family. Of course, the loss of the stay-home parent can be just as devastating. When answering the question of who should have life insurance, it is hard not to say that everyone should have it. While that is the simple answer, nothing in life or death is simple. At Birdsong Agency Inc. in Snellville, GA, our agency has more than 50 years of combined insurance experience. We use the experience to provide our customers with the information they need to make informed decisions about their insurance needs.
Today’s families are different from families in the past. In the past, the father was the one who worked outside the home, and the mom stayed home and took care of the children and the home. Today almost 65% of families have both parents employed outside the home. That means mom needs life insurance as much as dad does. Even if one parent is staying home, trying to replace them with paid help will strain most incomes. It makes looking at life insurance very different and ensuring both parents are insured more important than ever.
Life insurance may not be a big necessity for younger people who don’t have a dependent or debt. As long as you have enough money to pay for final expenses, you should be fine.
For seniors, part of estate planning is having your final expense paid in advance. If you are done with mortgages and have a solid amount of savings to keep you comfortable for the rest of your days, life insurance is unnecessary.
Contact Birdsong Agency Inc. in Snellville, GA to discuss your life insurance needs. Visit our website to see all the insurance products we offer.