Did you know that there are some rather interesting holidays recognized in America? Its true! August 20th, for example, is National Lemonade Day. Here at SelectQuote, we felt the best way to celebrate National Lemonade Day would be to talk about the old saying when life gives you lemons, make lemonade.
Perhaps the biggest “lemon” in life is the passing of a loved one. And should your loved one not have life insurance, the situation becomes even harder to deal with. Not only have you been left with all of the debts of that family member, but the family may be faced with the cost of funeral and burial, which can be costly.
While dealing with the financial burden of a loved one can be very difficult, it teaches a very important lesson on the importance of life insurance. Term Life Insurance not only covers the costs of a loved ones passing, it can cover any outstanding debts or expenses and can certainly be a source of replacement income, should that person be the “breadwinner” of the family.
Fortunately, you dont have to wait until you lose a loved one to make sure you are protecting yourself and your family from the financial difficulties that might come from their passing. Knowing that your family is protected brings peace of mind for not only yourself, but your family too.
It is best, when looking into purchasing life insurance, to compare your options. Different companies will assess your risks differently, and based on the amount of coverage you are seeking to get, premiums may vary greatly. So to help you make lemonade in times of need, consider using an independent life insurance agency, such as SelectQuote to help you find the company and the policy that is best for you.