Who Can Benefit from Life Insurance?

If you’re under the impression that life insurance is only for families, think again. Anyone can benefit from the financial security that life insurance from Colling Insurance Services Inc. has to offer. If you were to suddenly pass on, would your loved ones have the financial support they need to carry on? Here’s why everyone should consider a life policy.

Debts

Like many people, you may have quite a few debts that you’re paying off on time. These could range from a mortgage to private student loans. If you have a cosigner on these debts, they could be held responsible to pay these off in the event of your sudden demise. Life benefits can help cover debts, freeing your loved ones of this responsibility.

Financial Support

If you’re married, life benefits can provide financial support to your family after you’re gone. If you’re single, benefits can be used to support your aging parents in Lakewood, CO or put a younger sibling through college. Life benefits can even help keep a business running if you entered into a partnership with someone before your demise.

Charitable Causes

Life benefits can be used to sponsor charitable causes to make a difference in the lives of those in your local community. Your legacy could be the help you give others in their time of need.

Funeral Costs

Your unexpected demise could catch your loved ones unprepared financially to pay for your funeral costs. Life benefits can be used to cover these expenses, so your family isn’t put under financial pressure during this difficult time.

Borrowing Power

By investing in whole life insurance, you can borrow from your policy to get instant cash when you need it most.  

To learn more about life insurance options, coverage and costs, contact Colling Insurance Services Inc., serving residents in Lakewood, CO.