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Why Do I Need Life Insurance? Byhalia MS

The reasoning behind life insurance is most evident when you consider sole breadwinners, but applies to everyone who has dependents, even stay-at-home spouses. If you (as the stay-at-home spouse) were to suddenly die, your family would have to find other ways to: ensure care of children; get the family home cleaned; handle dry cleaning and laundry; do grocery shopping; and many other tasks which you currently handle.

Mr. Matthew D. Yokie (RFC®), CEP, CSA
(901) 853-5507
10928 E Shelby Dr
Collierville, TN
Company
Provident Retirement Advisors
Qualifications
Education: BA
Years of Experience: 15
Membership
IARFC, SCSA, SCRFA, NICEP
Services
Invoice, Estate Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection

Data Provided by:
American National Insurance
(662) 236-4334
1124 North Lamar
oxford, MS
Alternate Phone Number
6622364334
Services
Insurance

Legacy Insurance Agency, PLLC
(228) 875-5545
2600 Government Stree
Ocean Springs, MS
 
Mr. Garron Marcus Penland (RFC®), LUTCF
(404) 966-5616
609 Silverstone Dr
Madison, MS
Company
Penland Financial Group
Qualifications
Education: Graduate Anderson CollegeAmerican CollegeCurrently working on my ARM designation
Years of Experience: 16
Membership
IARFC
Services
Invoice, Business Planning, Portfolio Management, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Healthcare Accounts, BuySell, LiabCover, Compensation Plans

Data Provided by:
Hammett Insurance
(601) 540-7760
171 Woodgate Dr.
Brandon, MS
Services
Independent Agent Health Life Auto Home

Data Provided by:

Why Do I Need Life Insurance?

Provided By: 

Why Do I Need Life Insurance?

You need life insurance in order to ensure that your loved ones can cope financially with your loss. That's the bottom line.

The reasoning behind life insurance is most evident when you consider sole breadwinners, but applies to everyone who has dependents, even stay-at-home spouses. If you (as the stay-at-home spouse) were to suddenly die, your family would have to find other ways to: ensure care of children; get the family home cleaned; handle dry cleaning and laundry; do grocery shopping; and many other tasks which you currently handle. While your services appear to be 'low cost' because no one is paying you directly, if your family has to replace you with paid help you will quickly see your 'value'.

In addition, funerals are expensive. An average funeral can set you back between $8,000 and $10,000 considering the funeral home services, casket, burial plot and headstone. This is part of what you want to insure yourself against. You can bundle in these costs when you consider a life insurance policy's total benefit amount that you insure yourself for.

While you can buy life insurance policies which are a small amount suitable only to cover funeral costs, you will generally need much more life insurance than that. Many of these life insurance policies look good because of low prices, but you have to look closely. For the dollar amount of coverage you get, it is generally a more expensive life insurance policy.

Some people who...

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