While life insurance kicks in at the time of your death, it is meant for those that you will leave behind. Leaving a financial package behind for your loved ones allows them to mourn peacefully and handle any outstanding business you have left without reaching into their own pockets. Proudly serving the residents of Virginia, Smith Insurance Agency offers a policy that can be customized to fit your personal needs.
At the time of your policy, whatever outstanding debt you currently have should be included in the total amount that you are seeking. Although you may plan to have it paid off before you need the policy, an untimely death could throw a wrench in these plans and leave your loved ones to mind the debt after. This debt includes anything outstanding that you are currently paying, such as mortgages, car notes, and liens against properties.
At your passing, you will need to have wishes or arrangements made for your remains and any services you want. With a life insurance policy, you can cover these costs yourself and not incur debt on those you are leaving behind during a time of mourning.
Do you have plans to assist these loved ones with big purchases later in life? Perhaps a car, college tuition, or a down payment on a home? If so, make sure that you include the amount you were planning to save in your policy. Should something happen before you can save that amount, you will still have the ability to provide them with this gift, even when you are no longer here with them.
Building your life insurance policy is not something that you should take lightly. Let our agents at Smith Insurance Agency discuss your policy options with you today and help you get the policy you need. If you are a Virginia resident, give us a call for more information.
