Life is full of twists and turns. While some of those surprises can be exciting, they can also be devastating. None of us know when our time will come to leave this earth, but we want to know that our loved ones are taken care of properly when it does. The best way to protect your loved ones financially after you die is through a life insurance policy. The agents at the Senn Insurance Agency in O’Fallon, MO know and understand how important it is to have a life insurance policy in place.
Reasons to Obtain Life Insurance
You may have a life insurance policy through your employer, but usually, the amount it pays out is only enough for your funeral and burial. If you are laid off or lose your job, you will lose your life insurance policy. This is one of the many reasons why it’s important to obtain a policy on your own that is separate from your employer.
When you die, your family will be grieving the loss, and through the proper life insurance policy, they will not have the added stress and worry about finances. A life insurance policy will enable any children you leave behind to have the opportunity to attend college or start a business and get their life off to a great start. You can even have a life insurance policy in place that pays off your mortgage so that your spouse and children have a home to live in after you die, especially if you are the breadwinner.
There are two different major types of life insurance policies that you can obtain, and those include a term life insurance policy or a whole life policy. Your trusted insurance agent can explain these in detail to you so that you can make the determination as to which one works best for you and your situation. Call the life insurance agents at the Senn Insurance Agency in O’Fallon, MO today to get your policy started.