Five Reasons You Need Life Insurance

Life insurance provides protection for your loved ones after you’re gone. If you want to ensure your family’s financial well-being, you should talk to a knowledgeable agent about the best policy for your needs. At Insurance Protection Specialists in Flowood, MS, we’re happy to answer any questions you may have about life insurance to secure a lasting legacy. 

Guarantee Protection for Beneficiaries

Life insurance protects your family or business when you can no longer do so. Depending on your policy type, your survivors will receive lump-sum payments or disbursements. Thus, you can continue caring for those you love long after your death.

Provide Continued Income

Are you the primary breadwinner for your household? Life insurance can help your beneficiaries eliminate debt, pay the mortgage, afford tuition, and cover health care and other expenses. This can give you peace of mind and lend your survivors the support they need to thrive.

Save on Taxes

If you want to pass along more of your legacy, life insurance can provide tax benefits that can whittle away your estate. Talk to your agent about which policies have the best tax benefits.

Accumulate Cash Value

With a whole life policy, you can supplement your retirement income or pay off your mortgage. Life insurance policies with cash values often act as an emergency fund. Alternatively, you can fund your child’s education with the cash value of your life insurance policy.

Get Dividends

Did you know some life insurance policies pay dividends? There’s no guarantee of the amount or frequency of dividends. However, it’s a potential additional income stream for your survivors.

Contact an agent at Insurance Protection Specialists in Flowood, MS, to schedule an appointment to discuss your life insurance needs.