February brings Valentine’s Day. This February lifehappens.org brings you Insure Your Love. Erie Insurance is one company that is helping to celebrate this month long event. According to lifehappens.org the #1 reason people buy life insurance is because they love someone and want to make sure they’d be protected financially if something happened to them. Despite this reason also according to lifehappens.org, only 55% of American families have life insurance.
What are some reasons that someone would purchase life insurance? For one it will help your loved ones to cover funeral and final expenses. Another reason is to help replace the income lost by the passing of a loved one. Life insurance can help pay for school, pay off a car, or pay off a mortgage. Do you have a co-signer on a college loan or any financial obligations? If you or a loved one where to pass would that passing create a large financial burden.
There are many times in life when someone would think about purchasing or increasing life insurance. Life changing events like getting married or having a baby could change a need for life insurance. Co-signing on a loan, buying a car or a house could generate an increased need for life insurance. During the month of February think about your loved ones and how your passing would change their lives. We would like to extend the offer to talk about life insurance to you. Call us or reach out to us via email or social media. See how cost effective life insurance can be, and how it could lower your home and auto insurance as well.