Life Insurance for Tampa, Brandon, Riverview, Florida, and Beyond
Who Needs Life Insurance?
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.
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 debts your business may have at your death.
Call for a free quote today–813-672-4100 or send us an email using this link.
L & M Insurance Group is an Independent Insurance Agency based in Riverview, Florida. We can shop, compare and recommend the home, auto, commercial or life insurance policy that’s best suited for you, your family or your business. Call 813-672-4100 or visit landminsurancegroup.com for more information.