Utah Life Insurance
Why Should I Buy Life Insurance?
Many financial planning experts consider life insurance to be the cornerstone of a solid financial plan.
There are many reasons that individuals purchase life insurance. The most common are:
To Protect the Living Arrangements and Lifestyle of Your Spouse and Children.
Some households in Utah consist of a working spouse and a stay-at-home spouse. In the unfortunate event that the working spouse is no longer there to provide an income, the stay-at-home spouse is forced to work to support his/her family, taking away their ability to stay at home and raise their children. A Utah life insurance policy provides income protection for the non working spouse, so that if the working spouse's income is no longer there, the stay-at-home spouse can still raise their children as a stay-at-home spouse without having to worry about financially providing for his/her family.
To Ensure Your Children's College Tuition.
Life insurance can ensure the living spouse's ability to pay for their child(ren)'s college tuition.
To Pay the Insured's Final Expenses.
Many people don't realize how expensive final expenses can be. A basic funeral can cost between $5,000 and $20,000, depending on the services provided. In addition, there can be debts, medical expenses, and other administration costs that must be paid.
To Create an Inheritance.
Using a term life insurance policy is an excellent way to provide an inheritance for your spouse, children, and other relatives. In today's world few people have the ability to build an inheritance by saving money alone. Life insurance provides an easy, and very affordable alternative in making sure your loved ones have and inheritance once you are gone.
To pay the insured's taxes.
Federal and state death taxes, as well as estate taxes can put a large, unexpected burden on the insured's loved ones. A Utah life insurance policy provides an inexpensive way to pay necessary taxes.
by Jared Balis
Owner of Utah Insurance Advisors
© 2005 ~ Utah Insurance Advisors ~ All Rights Reserved.
Questions? Call 801-679-0405 or e-mail us.
801-679-0405
801-679-0405
Questions? Call Us
This Utah insurance website was created and is maintained by Jared Balis, an independent Utah insurance agent.
(UT license #192152)
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