Young families that are just starting out may feel invincible when it comes to thoughts of the future. They may be concerned with finding a reliable family vehicle, moving to a bigger home, or starting college savings accounts, but they often forget to plan for the unexpected. Life does not always turn out the way we would like, but responsible insurance planning can help provide financial support in the event of an unexpected illness, disability or death. Smart families will have the right insurance policies in place, right from the beginning, to make sure dependents are taken care of.
Life Insurance Planning
In the event of an early passing, life insurance will protect those that you leave behind. It can replace some or all of your lost income, pay off debts, cover funeral costs and allow remaining family members to maintain their lifestyle. The younger and healthier you are, the better the rates are on a life insurance policy, so early planning is a wise decision. Remember, if your family relies on you for financial support, and there is not enough money in savings to provide that support, life insurance is a necessity.
Disability Insurance
This type of insurance will replace some, or most, of your income if you cannot work due to illness or injury. Again, if your family relies on your income to support the household, consider if there is enough money in savings to keep the bills paid without your paycheck. Illness or injury can affect people of any age, at any time, so disability insurance is an important component of insurance planning. Young families often have not had a lot of time to build a substantial nest egg for emergencies, so disability insurance can be very beneficial in keeping the bills paid in the event of an unforeseen circumstance.
Talk To Your Webb Financial Agent
There are many different types of life and disability insurance policies, and talking to the wrong agent can lead to higher premiums or the wrong coverage. Webb Insurance agents will listen carefully to your individual story and will customize your policies to suit the details of your life and your specific needs. We maintain excellent relationships with multiple carriers, so you will have peace of mind that you are getting the right coverage at the best rates. Call 847-604-5434 to speak to one of our experienced agents today.
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