5 Reasons to Buy a Life Insurance

​One of the smart investments that you can make is by purchasing life insurance. You may think that you don’t need it or it can be something of an inconvenience for you. If you are wondering if you really need a life insurance plan, here are some of the many reasons why you should get one.

Pay off Debts
One of the reasons why you’ll benefit from buying life insurance is that it’ll help you pay off some of your debts. A life insurance plan can help you in paying your mortgage. With this being said, there’s no need for you to sell your house just to stay debt-free.

Replace A Spouse’s Income
In case of some unfortunate events that your wife or husband won’t be able to work, it’ll be hard for you to make both ends meet. If you have a life insurance plan, it can help you and your family have that additional money to help you with your daily expenses. 

Pay Off Estate Taxes
Estate taxes can be expensive and it is essential to have life insurance in place to help you in paying these taxes and avoid risking your funds and assets that you are building for retirement. It is common to use insurance for this purpose in large estates, and it is permanent to make sure that the coverage remains until the end of life. 

Pay Final Expenses
The price of funeral and burial alone is expensive which can cost you thousands of dollars. Having a life insurance plan can help you and your family have that financial support and avoid putting them in emotional suffering knowing that they are covered with an insurance plan. 

Cover Children’s Expenses
Having children means that you want to have the best for them. Like making sure that they are taken care of and that they can get that quality college education that you can afford. It is essential that you have that additional coverage to help you and your children. 

Conclusion
Life can be uncertain, you may not know what will happen. Having a life insurance plan can help you cover some of the expenses in case such undesirable situations arise. If you obtain an insurance plan, you will have that peace of mind knowing that you have a backup that can help your family. 

At Oncken Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (281) 256-8310. You can also request a free quote by CLICKING HERE.