Who Needs Life Insurance?Image result for life insurance images

If someone will suffer financially when you die, chances are you need life insurance because it provides cash to your family after your death. This cash, known as the death benefit, replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and college funding. Insuring yourself is not like insuring tangible property, when buying life insurance, your health, age, smoking habits, and the purpose for the insurance all play a part in the amount and the type of coverage you need. Also, there are no federal income taxes on life insurance.

Married couple

Many married couples believe they have no need for life insurance until their children are born. Not true. If your spouse should die, who would help pay the credit card debt, car loans, monthly rent or mortgage payment and utility bills?

Married With Children

Most families depend on two incomes to make ends meet. If you died suddenly, could your family meet all their financial obligations? Could your family continue its standard of living on your spouse’s income alone? Life insurance makes sure your plans for the future don’t die when you do.

Small Business Owner

Life insurance can protect your business. What would happen to your business if you, your partner or a key employee happened to die tomorrow? Life insurance can help in a buy- sell agreement. This would ensure that the remaining partner would have the funds to buy the spouse of the deceased out of their part of the business. Also life insurance can protect your family from any Image result for life insurance for business imagesdebts your business may have at your death.

Call for a free quote today–813-672-4100 or send us an email using this link.

Mike Buice
Mike Buice is the principle owner of L&M Insurance Group, serving the insurance needs of Florida policyholders for more than 26 years. Although his background is in life insurance, annuities and financial planning, he has expanded L&M Insurance Group to encompass all lines including commercial, auto and home insurance. He believes in educating clients so they can make better insurance choices. Call him at 813-672-4100 with your insurance questions.

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