When you think of life insurance, the first thing you think of is protection for your loved ones after you’re no longer around. You know that life insurance covers burial costs and other expenses when you die, but did you know there are other hidden benefits your life insurance policy can provide? Here are 5 benefits of life insurance you might not know:
1. You Can Create a Customized Policy
Life insurance policies don’t have to be a “one-plan-fits-all” deal. Our agents work hard to create personalized plans that fit your specific needs, as well as your budget. Getting a customized policy guarantees that you have the right life insurance coverage for you and your family. We take all of the factors into account when creating your plan, from income to mortgage to investments. Everything in your life insurance policy will be tailored to your needs and your budget.
2. It Can Help with Other Obligations
Life insurance doesn’t just help with funeral expenses when you die. It can be used to help with other obligations too. Many people decide to use life insurance policies for college funds, weddings, and other special occasions that you may not be around to pay for. It can also be used to help care for aging parents, pay off your home mortgage, and pay off other debts like credit cards and student loans.
3. It Can Build Cash Value
You can get a life insurance policy that has a cash value that accumulates over time! This can be used to help live on during retirement, a down payment on a home, or even college tuition. The cash value can also serve as a death benefit to your beneficiary. In most cases, using your life insurance as an investment is safer than traditional investments because the money growing in your cash value account is yours.
4. It’s Affordable
If you’re avoiding getting life insurance because you’ve heard it’s too expensive, that’s not the case! Most people think that life insurance costs about three times as much as it actually does. Our life insurance agents make sure that you get a plan that’s completely affordable. We customize your policy to fit your budget. You don’t have to worry about overspending when you get your life insurance through USA Life Team, and we provide you with a free personalized quote!
5. It Can Be More Than Just Life Insurance
Did you know that life insurance can be used for more than just life insurance? You can add a rider to your life insurance that can enhance your coverage. These can include a long-term care benefit to pay for long-term care services, a child term rider that provides a death benefit in case a child dies before a specified age, and an accelerated death benefit that gives the policyholder the option to get the policy’s death benefit if he becomes terminally ill.
Don’t Wait to Get Your Life Insurance!
Now that you know more benefits of having life insurance, it’s time to find the right life insurance policy for you and your loved ones. We can help! Start by requesting your free personalized life insurance quote online today.