What Is The Purpose of Life Insurance?

For those of you who don’t know, September is Life insurance Awareness Month. 

Throughout the month, we will be answering some common life insurance questions. 

This week, we are focusing on the purpose of life insurance.

Life insurance can serve many different purposes. Here are two of the most common:

1. Final expenses

At one time or another, we will all pass away. Regardless of what our wishes are post life, there will be some costs. Many of us will have a formal funeral with viewing services preceding it. Others will choose to be cremated. Purchasing life insurance coverage to cover these costs eliminates the financial burden on those costs from your loved ones. 

2. Family protection

Many of us have children, spouses, or others who rely on our income to survive. Without you and your income, these people may suffer significant financial hardship. Life Insurance is a tool you can utilize to ensure that your loved ones have the financial resources to carry on. 

If you have any questions about life insurance, or any other type of insurance, call 412-563-2106 or click the button below to get in touch today.

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