If you are like a large number of other people in Matthews, NC – and around the country – you may believe the misconception that only married couples and individuals with kids need life insurance. However, this couldn’t be further from the truth.
There are several reasons why – even if you are single – need to contact JC Demo Insurance Group for life insurance, with some of the most important listed here.
You Have Accumulated Student Loan Debt
Do you think that your debt is going to die with you? Unfortunately, this isn’t always the case. Even though the loans given through the federal government are forgiven if you die, a personal loan with a cosigner won’t be.
As a result, if your parent or someone else co-signed the loan, they are going to be saddled with the debt even after your death. A life insurance policy can help ensure this is paid off.
You are Currently Living with Your Partner/Significant Other
When you are living with someone, you also share financial responsibility. In most cases, you will need both of your incomes to cover important debts – such as the mortgage. If you were to die, would they be able to continue living in your home? Paying for the vehicle you share? A life insurance policy can help ensure this person is taken care of if you were to pass away.
You have Your Health and Youth
Health and age are two of the main factors considered when determining how much you are going to have to pay for your life insurance. If you choose to buy a policy now, you can lock in a lower rate than if you waited another 10 or 15 years.
If you are ready to purchase life insurance, contact our team at the JC Demo Insurance Group serving Matthews, NC for more information.