Why Should I Buy Life Insurance?
Article from The VML Voice: First Quarter Newsletter
- Income Replacement: If dependents rely on you financially, life insurance coverage can replace lost income at time of death.
- Final Expenses: Life insurance can cover funeral and burial costs and any outstanding medical expenses.
- Savings Vehicle: Various types of life insurance policies accumulate cash value that can be borrowed upon or partially surrendered at the owner’s request.
- Create inheritance for heirs: Even if you have no other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries.
