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Life Insurance Should
Be Part of Your Financial Plan
By Daniel Byrd, State Farm Agent, Contributing
Columnist
You may think you have a solid financial plan. The
paycheck you bring home on a regular basis may be more than adequate to
meet the immediate needs of your family. There may even be some leftover
for vacation, retirement or even college savings.
But what if you weren’t there to provide for your family’s
needs? Would they continue to live in the home you shared? Would your
children be able to attend the college of their choice?
These are important questions that must be considered. Finding the
answers can start with visiting your insurance agent and discussing a life
insurance policy that is appropriate for you and your family.
September was Life Insurance Awareness Month, a time for you to take
a look at your existing coverage to see if it is adequate. If you don’t
have coverage, it is a good time to discuss the purchase of a policy.
A primary purpose of a life insurance policy is to provide a dollar
amount to the beneficiaries in the event of the death of the insured
person. That death benefit can be used in any number of ways, whether for
a mortgage, college education or regular income.
Life is full of many questions. Being sure that your financial plan
includes an adequate amount of life insurance can help you answer at least
one question, “What will happen to my family if I am not around to
provide for them?”
Daniel Byrd is a licensed State Farm® insurance agent in
Frankfort and can be reached at 502.352.2626.
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