Why do I need Life Insurance?

Life insurance helps us handle the challenges of life. An insurance policy from Benefits Champion and their partner insurance companies can help provide financial security for anyone who would suffer a loss upon the death of the insured. This may include your spouse and children, an elderly relative dependent upon another family member’s care, or a business partner. You may need life insurance to help provide your family with the means to
replace income, repay debts, settle your estate, or help complete financial goals in the event of your death.

INCOME REPLACEMENT INCLUDING DEBT REPAYMENT

Death benefit proceeds help maintain a dependant’s current
standard of living. This can include funds to apply toward
bills that are outstanding at the time of the insured’s death,
such as:

• Daily living expenses (food, clothing, etc.).
• Mortgages (primary residence, rental properties,
home equity loans, land loans).
• Taxes (income tax, luxury property tax, intangible
personal property tax).
• Auto and small craft loans and leases.
• Credit card debt.
• Personal loans.
• Student loans.
• Small business loans.
• Auto/home/life insurance premiums for beneficiary
or dependents.
• Utility bills (electric, phone(s), heat, cable,
water/sewer/garbage).
• Transportation expenses (gasoline, auto repairs).
• Continuation of existing services (childcare, heath aid
care, property maintenance, home cleaning services).
• Children’s activities (dance, karate, etc.).

ESTATE SETTLEMENT COSTS AND FINAL EXPENSES

Death benefit proceeds help prevent the insured’s heirs
from using their inheritance, personal income, or savings
for estate costs, to pay for expenses like:

• Funeral and burial costs.
• Federal estate tax.
• State death tax.
• Administration costs.
• Probate costs.
• Attorney’s fees.
• Executor’s fees.
• Unpaid medical expenses.
• Taxes due on inherited property.

FAMILY FINANCIAL GOALS

Death benefit proceeds help reach financial goals,
including:

• Future college costs.
• Supplementing surviving spouse’s current or future
retirement income and/or savings.
• Business Succession Planning
(business debt, partner buyout stock redemption, etc.).

January 2nd, 2018|Life Insurance|
INSTANT QUOTE : Term Life Final Expense Health Insurance