{"id":1930,"date":"2015-09-08T00:15:46","date_gmt":"2015-09-08T08:15:46","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=1930"},"modified":"2019-05-29T13:56:31","modified_gmt":"2019-05-29T21:56:31","slug":"4-important-reasons-you-need-life-insurance-now","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/4-important-reasons-you-need-life-insurance-now\/","title":{"rendered":"4 Important Reasons You Need Life Insurance Now"},"content":{"rendered":"

\"Have<\/a><\/em><\/p>\n

September is<\/span> Life Insurance Awareness<\/a> month and this post is in partnership with TermLifeInsurance.com, which helps spread awareness of the importance of term life insurance. Learn more about how you can protect your family and your finances.<\/span><\/p>\n

Insurance.<\/em> It\u2019s one important part of a financial plan that can easily be put off – especially life insurance.<\/p>\n

But here\u2019s the thing \u2013 if you\u2019re working really hard to get your financial life straightened out, not having insurance could literally erase all of the hard work you\u2019ve done.<\/p>\n

If you\u2019ve been putting off applying for life insurance here are four big reasons you need it.<\/p>\n

# 1 \u2013 You Have Kids<\/h2>\n

If you have kids there are many reasons to consider getting a life insurance policy:<\/p>\n

Regular Financial Needs \u2013<\/strong> The point of getting life insurance is to replace lost income in the event that you or your partner pass away. By getting a life insurance policy you\u2019re guaranteeing that your children will be supported financially even if you aren\u2019t around.<\/p>\n

Education \u2013<\/strong> Another thing to consider is your children\u2019s education. If you don\u2019t yet have a fully funded college savings account for your children, life insurance can help pay for that cost should something happen to you.<\/p>\n

If something did happen to you your children are going to have a hard enough time dealing. The last thing they need is for their lives to be turned upside down because of financial matters.<\/p>\n

# 2 \u2013 You Are Married<\/h2>\n

If something were to happen you how would that affect your spouse? What about vice versa? The point of life insurance is to protect financially.<\/p>\n

You\u2019ll want to seriously consider life insurance if you\u2019re married and\u2026\u2026\u2026\u2026<\/p>\n

Have Debt \u2013<\/strong> Life insurance can help your spouse pay off debt that you\u2019ve accumulated. This can include credit card debt, car loans, and student loans.<\/p>\n

Have a Mortgage \u2013<\/strong> Would your spouse be able to pay the mortgage or cover rent without you around? What about day to day bills? If not you need life insurance.<\/p>\n

Another thing to consider is funeral costs. I know it\u2019s something that we don\u2019t like to think of but funerals are expensive (averaging around $6,560) and life insurance can help with this burden.<\/p>\n

# 3 \u2013 Your Parents Co-Signed On a Loan for You<\/h2>\n

If your parents co-signed on any type of loan for you they may be on the hook for that debt even after you\u2019re gone. Having enough life insurance to pay the debt back can ease your family\u2019s financial burden in a time of mourning.<\/p>\n

# 4 \u2013 You Own a Business<\/h2>\n

Last, but not least, if you have a small business you might want to put a life insurance policy in place for yourself. The proceeds of the life insurance policy can help keep your small business afloat.<\/p>\n

Life Insurance is Important<\/h2>\n

Life insurance is an important element of any solid financial plan. It\u2019s also not as hard as you think to obtain.<\/p>\n

You can get life insurance by getting quotes from any of the sites on this list: Best Term Life Insurance Companies<\/a>. From there you\u2019ll get dozens of quotes on term life policies from different carriers and will be able to choose, and apply, to the best policy for you.<\/p>\n

Don\u2019t wait any longer! If you need life insurance get it today.<\/p>\n

Do you have life insurance? Why or why not?<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

September is Life Insurance Awareness month and this post is in partnership with TermLifeInsurance.com, which helps spread awareness of the importance of term life insurance. Learn more about how you can protect your family and your finances. Insurance. It\u2019s one important part of a financial plan that can easily be put off – especially life […]<\/p>\n","protected":false},"author":3,"featured_media":1931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[169],"tags":[519,171,518],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1930"}],"collection":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/comments?post=1930"}],"version-history":[{"count":0,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media\/1931"}],"wp:attachment":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media?parent=1930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/categories?post=1930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/tags?post=1930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}