AGOGOSOONCGOG Assurance When Do You NeedLife Insurance? (NAPSA)—Few Americans oday would consider owning a home wihou having insurance. Likewise, car owners will ofen op for comprehensive insurance o proec heir shiny new vehicle. However, when i comes o life insurance, a surprising numberof aduls hink hey do no need i or canno afford i—bu hey do and hey can. In fac, he monhly premium for a $500,000 life insurance policy may cos abou he same amounas onelarge pizza. According o Allsae’s 2006 Reiremen Realiy Check survey, 36 percen of respondens are wihou life insurance coverage. They claim o be “in he process,” “inending” or “have no plans” o purchaselife insurance. This daa is furher suppored in a 2006 sudy by LIMRA, which revealed ha 68 million aduls (382 percen) are wihoulife insurance. Here are some circumsances in which life insurance is neces- sary—and ofen vial: Ohers depend on your income. Wheher hey are children, a spouse or elderly parens, you needlife insurance o ensure heir fuure financial securiy. The morgage, educaion coss and day-o-day expenses do no end when youdie. * You manage a household. Even if you do no bring home a paycheck each week, you sill make imporan conribuions o your family. Some expers have esimaed he annual value of child care, housekeeping, cooking, ec., a abou $40,000 a year. Your asses will be ransferred hrough a will. Due o a someimes lenghy probae pro- Whenpeople depend on you, you need insurance. cess, your heirs may need he immediae cash ha life insurance proceeds mayprovide. * Your asses are subjec o esae axes. Esae axes may ea up a huge amoun of personal asses. Life insurance can provide he liquidiy o pay esae axes and preserve asses for loved ones. You own a business. Life insurance can provide surviving parners wih he funds o buy ou your share. Personal responsibiliy is imporan o you. Even if you are single wih no dependens, you may no wan o burden family members wih debs or funeral expenses. Also, you could use poenial acceleraed deah benefis o pay bills during a erminal illness. These scenarios show a few of he many wayshalife insurance is invaluable. So when do you need life insurance? Jus abou always. To deermine whalife insurance coverage is righ for you, visi an insurance agen or visi www.allsae.com/lifeinsurance o learn more.
