You probably hear about life insurance all the time, even if you don’t often think about it. Many people think that only the elderly or parents need to look into life insurance, but this is not the case. See if you fall into one of the following categories to determine whether or not you should contact us about a life insurance quote:

Married Couples

If you are married, it’s likely that your spouse depends on your income to some degree. Even if you two do not have children, would your remaining income be enough to pay off any credit card debt or mortgage payments? Life insurance can help your spouse know that he or she will be financially secure should you pass away. Do not make the mistake of waiting until you have children! Many insurance companies will not give life insurance policies to women while they are pregnant.

Married Couples with Children

You likely have plans for your children, including a college fund and perhaps extra savings. In the event that you or your spouse should die unexpectedly, would you have enough money to pay the bills consistently? Would you need to dip into your child’s college savings in order to survive? Make sure that doesn’t happen by investing in a life insurance plan now.

Single Parents

If you are the sole provider for a child, you don’t even want to think about what could happen should your child lose you. If you are the only caregiver they have, make sure they are prepared in case the unthinkable should happen: get life insurance. Your child’s future matters regardless of what may happen to you.

Stay-At-Home Parents

This may not seem obvious if you don’t have a steady income, but stay-at-home parents do just as much as a working parent does. You handle transportation, childcare, and household duties like cooking and cleaning. Hiring someone to replace all of these duties can be expensive.

Retired People

What are you leaving behind for your children or grandchildren? If you are leaving something substantial to them like property, they can be taxed heavily just to claim your estate. If you have a life insurance policy, it can often cover the cost of these taxes and provide some financial relief to your grieving relatives. Also, life insurance proceeds are typically tax free, meaning that your inheritors will likely not need to pay extra on your estate taxes.

Small Business Owners

If you own your own business and have a spouse or family, it is likely that you are the primary provider. If this is the case, you will want to make sure both your family and your business are taken care of after you pass. Did you know that there are options to put into a life insurance plan for business owners? You can structure the funding of a buy-sell agreement, which makes sure that your fellow business owners can buy your part of the company fairly and your family is taken care of. The other option is key person insurance which makes sure that your fellow owners can either hire a replacement for you or figure out another solution to your passing.

If you fall into any of these categories, make sure to call the experts at Ameri Quote Insurance. We can help you find the best life insurance plan for you!