As we go through life, we start planning for various events, such as buying our first house, paying for our kids’ college, starting a retirement fund, and more. With all of this planning, it is shocking to discover that many people don’t think about planning for the unexpected, such as the death of a spouse, disability, severe illness, and more. Here is a look at why life insurance in Glendale AZ is important to have.
Helps Prevent Financial Hardships
In the worst-case scenario where one spouse dies, the last thing they want to leave behind is a bunch of debt that their widow is now responsible for. Life insurance in Glendale, AZ, is one of the best ways to fill the income gap left behind when a spouse passes away. A death benefit can be used for daily living expenses, pay off credit card debt, or it can be used to pay off the mortgage allowing the family to remain in the home.
Pay for Funeral Expenses
When a loved one dies unexpectedly, the family is already dealing with a lot of grief, but now they must plan and pay for a funeral. The stress of paying for the funeral is taken away from the grieving loved ones by including an end-of-life benefit with your life insurance. To ensure everything goes smoothly, it’s best to talk everything over with the listed beneficiaries. If they know ahead of time, the claims process will be a simple matter of obtaining a certified copy of the death certificate and then submitting some paperwork.
