Why Buy Life Insurance?


Mar 9, 2012

When you are looking to buy life insurance, you should be sure that you know the reason behind the investment.  Spending money on life insurance can get frustrating when your budget is tight, so you want to know exactly why you are signing up for your life insurance policy.

1.) You should be sure that you understand that the money from your life insurance policy will go towards protecting your loved ones from any type of financial catastrophe after you have passed.  When you are a primary supporter of your family, you should be sure that you have a life insurance policy that adequately provide for your family. As your loved ones start to rebuild, you can be sure that they have the money that is necessary to do so. You do not want them having to face a financial crisis while dealing with the grief of your loss.

2.) The funds from your life insurance policy will ensure that all of the financial burdens that come with death can be covered. You will want to make sure that burial costs, estate planning, administration costs, debts, and medical expenses are all taken care of without burdening your family. These costs, especially if they are unexpected, can be devastating to anyone’s financial situation.

3.) If you are not supporting anyone financially, you can be sure that you are able to leave an inheritance for your heirs.  Your life insurance can be an inheritance for your heirs, even if you do not have any assets to leave to your heirs.

4.) You can be sure that those that you leave behind can pay estate taxes with the life insurance policy.  This way the heirs will not have to sell assets to ensure that they are going to be able to cover the tax payments.

As you are talking with your insurance agent be sure that you discuss any other options for your life insurance.  This way, when you make your premium payments you can be sure that you know the purpose of these payments.

Bookmark and Share

Bookmark and Share

« Back to all news

Refer a friend & earn a gift

If we write your friend's insurance, we'll send you two movie tickets.

Refer someone today

We represent fine companies like

Safeco Insurance, Member of Liberty Mutual Group

Visit our mobile site on your phone today and bookmark it for future use.

Not sure where to start? Browse our Information Center to learn all about your insurance options.

50% of our business comes from client referrals. Contact us today and we'll show you why that is.

Our locations:

Harbor Insurance
1622 S. Gaffey #104
San Pedro, CA 90731


C & S Insurance
3220 Sepulveda Blvd #202
Torrance, CA 90505