Three Reasons to get Life Insurance

No one wants to think about life insurance because that means we are accepting the fact that someday we are going to die. As morbid and disturbing as it may be to some, there is no way around it. So, whether you are a 20-year-old college student, a 35-year-old soccer mom, or a 63-year-old man waiting to retire, you need life insurance. As difficult as it can be, Robnett Integra Insurance Services in Brownwood, TX can help you through the process.

  1. Wakes & Funerals are Expensive – When a loved one dies, closure is essential, especially if they died young or suddenly. Your family and friends need to be able to say goodbye. The average cost of a wake and funeral is $10,000, a celebration of life or a gathering after the funeral can cost a few additional hundred dollars. If you don’t already have a plot in the cemetery or a headstone, you’re looking on at an additional, few thousand dollars. If you do not have life insurance, who is going to pay for your wake and funeral?
  2. Take Care of Those You’re Leaving Behind – This is especially true if you are the main breadwinner. Your spouse and children will have to continue living after you’re gone, but it may take your spouse a few weeks or months to get back on their feet. The bills still have to be paid, so income is a necessity. Therefore, it’s important to figure out how much your family will need to get by until they can get back on their feet.
  3. Peace of Mind – Who wants to worry about how their wake and funeral will be paid for or how their family will get by when they are gone, not to mention any debt you may leave behind that needs to be paid. Ironically, once you get the life insurance policy, you will feel at peace with it and eventually forget about what your life insurance policy even represents.

Don’t put it off any longer. Call Robnett Integra Insurance Services in Brownwood, TX today!

  

Choosing a Life Insurance Beneficiary

Once you’ve decided to purchase life insurance, the next step is choosing a beneficiary. Your beneficiary is the individual(s) who will receive the benefits of your policy upon your demise. At Robnett Integra Insurance Services in Brownwood, TX, we’re more than happy to help you select one or more beneficiaries for your life policy. Here are a few factors to consider when making this decision.

Spouse and Children

If you’re married with children, you’ll undoubtedly want to name your spouse as your beneficiary to ensure your family has the financial support they need after your demise. Life benefits can help replace the loss of your income so your family can continue the lifestyle they’re used to after you’re gone. Life benefits can be used to pay your mortgage, buy food and clothing, pay for school or medical needs, or be put in a trust for your children’s college.

Aging Parents

Singles may want to name their parents as beneficiaries to provide financial support in their golden years. If you’re helping your parents now, life benefits will continue providing financial support after you’re gone. In like manner, you can name younger siblings as beneficiaries to provide them with financial support or help put them through college.

Business Partner

If you’re the co-owner of a business, you could name your business partner as a beneficiary so that they can continue the venture after your demise. Life benefits can replace your financial input to keep the business running until your partner can make the proper adjustments after you’re gone.

Charity

You can also name your favorite charity as the beneficiary of your life insurance policy to help those in need in your local community.  

For more information about life insurance options, benefits, and costs, call or visit Robnett Integra Insurance Services in Brownwood, TX.

Life Insurance to Protect Your Family

Life insurance plays a vital role in protecting your family.  It can help protect family members should one or both spouses die unexpectedly.  Consider this, if you were to pass, will your family be able to pay for your final expenses and any debts you leave?  Other considerations include covering your children’s future educational expenses.  If there are charities that you support closely, a designation from your life insurance policy can continue that support.  When you begin thinking about life insurance policies, you’ll quickly realize that it can do more than simply provide money for your family after you are gone.  This will naturally bring many questions to mind.  That’s where the knowledgeable agents at Robnett Integra Insurance Service can help.  They’ve worked with families in the Brownwood, TX area since 1947.

Deciding the type and amount of coverage you need will take some thought and work with your agent.  Remember to factor in inflation and estate taxes that will ultimately impact your family.  There are two main types of life insurance policies:  term life and whole life.  Each has it benefits based on your life situation.  Term life is in effect for a specific amount of time.  This makes them cost-effective.  They are also renewable.  However, term life policies do not grow in cash value.  Also, each renewal is more expensive. 

Whole life policies are in effect throughout the policy holder’s life.  They have higher premiums than term life but they will build cash value over time.  Should you ever need it, you can borrow against the policy.

In the Brownwood, TX area, the team at Robnett Integra Insurance Services can help you understand your options.  Call or come in to talk with them.  Your family is important.  Take the step to protect their future today.

Life Insurance Benefits Singles, Too

If you’re single and have no children, you may feel life insurance isn’t for you as no one is depending on you for financial support. A life policy from Robnett Integra Insurance Services in Brownwood, TX can come in handy for other reasons. Here are a few ways life insurance can benefit you as a single.

Pay for Funeral Costs

If you died unexpectedly, would your loved ones have to bear the burden of funeral costs? Most young singles don’t plan for their funeral in advance. If you take out a life policy, however, death benefits can cover these costs, freeing your loved ones from this responsibility.

Pay for Outstanding Debts

Federal student loans may be forgiven upon your demise, but private loans are not. If a family member co-signed on these loans, they would be responsible for paying them back after you’re gone. Any debts that you accrued with someone else – car loan, mortgage, etc. – would fall on your partner’s shoulders if you were to suddenly pass on. Benefits from a life insurance policy can be used to pay your outstanding debts so your family or friends don’t have to.

Security for Future Family

You may be single now, but what about the future? If you plan to marry and start a family one day, it’s to your advantage to get a life insurance policy when you’re younger as the cost is lower. The cost of life insurance increases as you grow older.

Support for Significant Other

If you’re single but living with a significant other, life insurance can help provide financial support for him or her if you were to suddenly pass on. Your significant other will appreciate your thoughtfulness in providing this financial support.

To learn more about life insurance options and costs, contact Robnett Integra Insurance Services, Brownwood, TX.