Why Texas Life Insurance Should Matter To You
With Texas life insurance, you can plan for your future and for the future of your family. Too often, families are reliant on one income to provide for all of their expenses. And if that worker should pass away unexpectedly, it becomes a hardship for the family in addition to being a period of grief and mourning. While it’s difficult to think about the future and events that you don’t want to take place, choosing life insurance isn’t about wishing anyone’s death – it’s for protecting those who are still living.
When You Have Children
Accidents and tragedies happen. While children want to believe they will live to see their parents grow old, this isn’t always the case. If you’re a parent who is the primary source of income for your children, you might want to add Texas life insurance to your list of things to have in place. Should you die unexpectedly, your children will not have to suffer from financial troubles. In fact, this policy can serve as their college education funds that you would have saved up if you had lived. When you have very young children, this is especially important for the remaining spouse. Having enough money to continue living a normal life will help the death be less stressful on the family as a whole.
When You Are the Primary Breadwinner
If you’re the one pulling in the most money for the family, you need to make sure you are signing up for a Texas life insurance policy. This way, the secondary breadwinner will have some time to look for a job before the savings run out. Or the policy payout can serve to pay down any debts that may have been incurred, thus allowing the spouse to take on a lower paying job or to work less and still have enough money for the basic expenses.
When Your Spouse is Ill or Disabled
When your spouse is unable to work and provide for themselves, having a Texas life insurance policy will ensure that they can continue to live comfortably without any interruption in their care. This is especially important when your spouse is very ill or unable to provide for themselves. The payout will help with medical expenses and other services they need on a daily basis.
How Much Should You Have in Your Policy?
Try to think about a life insurance policy that’s at least the amount of your yearly salary. This way, for one year, your family will be covered as though you were still alive. If you can afford a bigger policy, that’s even better, but at the very least a year or two’s salary will be a tremendous help.
While you don’t want to think about your death just yet, having a Texas life insurance policy in place is one of the smartest decisions you could make right now. Protecting your family and their future is something you should do before it’s too late to help them.
Contact Hodges & Company and they can help tailor a plan to meet your needs.
