Unlike home or auto insurance, many people put life insurance on the back burner with the intention of a future investment. While matters of life and death aren’t fun to discuss, postponing this coverage is not in your family’s best interests. 

The insurance agents at Kramer-Myers & Werring-Dickerson Insurance of Batavia, OH, have witnessed the benefits of life insurance firsthand. Here, their agents use the following three reasons to put the value of such policies into perspective.

3 Reasons to Invest in Life Insurance

Cover Funeral Expenses

Regardless of whether you prefer cremation or a traditional burial, there will be significant expenses to cover upon your death. If you don’t have life insurance, these costs will fall on your partner, parents, or closest relations. Luckily, even a small life insurance policy will cover the price of a funeral.

Pay Off Debts

Once you pass, the burden of your debts will move to your family members. Even if you’re single, any loans you took out with a co-signer—such as private student loans or your first car loan—will fall to them. A life insurance policy will pay off these debts upon your passing, so your family members can mourn without the added strain of financial hardship.

Take Care of Your Family

One of the most important reasons to invest in a life insurance policy is to care for your surviving independents. If anyone relies on your income to live—such as your spouse or children—an adequate insurance policy will help take care of them when you’re gone. At the very least, it will cover expenses while they transition into a new way of life. If you purchase a large life insurance policy, they may be able to continue their current lifestyle indefinitely.                                                

Before choosing a plan, speak with an agent at Kramer-Meyers & Werring-Dickerson Insurance. As an independent insurance agency, they offer affordable rates for life, auto, and home insurance policies. Get your life insurance quote today by calling their Batavia office at (513) 732-1461, or fill out a quote form on their website.