Life Insurance: The Ultimate Love Letter

Although the love letter has been composed and treasured for centuries, throughout generations, the letters have translated into more than handwritten sonnets. A love letter can now come in many forms. In this day and age, messages can be sent and received instantly via email, text or chat. Have you been known to send a sweet and considerate thought to your loved one now and
again?

While the means by which we express our love has been updated throughout the years, the purpose remains the same.  In a world of constantly advancing technologies, love letters continue to light up the hearts of those we love with words of affection and admiration. It is in fact the little things that show them how much we care, like helping around the home, actively listening as they talk about their day, being supportive when times are difficult and most importantly having a plan in place to protect them even when you cannot be around. By investing in your family’s future with life insurance, you will provide loved ones with financial security at a time when they need it most.

​The Ultimate Love Letter:

​When it comes to planning for your death, providing for your family’s financial needs is one of the few things within your control. Life insurance provides peace of mind while letting your family know you care enough to safeguard their future.

Life insurance could be the final love letter to those you care about most. By taking care of your family today, it will serve as a constant reminder, long after you’re gone, of the love and devotion you have for them. Your family will now have some peace of mind knowing you have given them this gift of financial security from the other side.

To better understand the impact your death may have on your loved ones, start by asking yourself these few questions to anticipate the financial needs of your family after you’re gone.

• How will my family cover the day-to-day expenses (i.e. mortgage, utilities, groceries, car payments etc.)?
• Who will take care of my family? My spouse can’t possibly do it all.
• My kids will be going to college eventually. How do we address those expenses?
• My spouse will be devastated once I am gone. How can they be expected to work right away?
• How will my family have the money to cover my final expenses or to cover the taxes on my estate?

Life insurance is a simple way to protect the future of your loved ones, embodying the true spirit of love. First Legacy Group is here to help you find a policy best suited for your family’s specific needs. One thoughtful act today and your family will continue to live securely throughout a devastating time in their lives. Let’s take a look at the top benefits below to see why you should be investing in a final expense life insurance policy for you and the ones you love.

The Top Five Reasons to Protect Your Family Today with a Policy from First Legacy Group :

1. Eliminate Final Expenses: Let’s face it, dying is rather expensive these days. On top of the grief and sorrow your family must feel, a death is often accompanied by loads of debt, including funeral costs, hospital bills, burial arrangements, and estate taxes. The right life insurance policy will cover these expenses, once you are gone, so your loved ones can focus on being there for one another.
2. Enable Your Spouse to Enjoy a Better Quality of Life: Leave behind peace of mind by ensuring your family receives an annual income after you’re gone to pay for medical benefits, and can also be used to replace the savings and retirement benefits one receives while living. A Life insurance policy enables those we love to continue the same lifestyle they are accustomed to, even though we cannot be there. Your family can heal knowing you are still taking care of them from beyond the grave.
3. Help Make Your Children’s Lives Easier: Today, a family can take as many as five years to recover from the death of a primary breadwinner. Five years in a child’s eyes are a lifetime. A child who has lost a parent will experience many emotions, unfortunately. However, financial burdens should be the least of their concern. Life insurance can provide a secure monthly income to your family, as well aspay for things such as school tuitions, or medical bills. This will set your children up for their future successes, long after you are gone.
4. Maintain Healthcare and Prevent Illness: Did you know, life insurance can function to promote health and prevent illness in family members who are left behind? When you think about the costs associated with eating healthy, health insurance premiums, and visiting the doctor when you are sick, it can really start to add up! The life insurance policy you sign up for today can contribute to the health and wellbeing of those you love tomorrow.
5. Fuel Your Child’s Dreams: The death of a parent, along with the financial hardship it may cause, can create unnecessary obstacles that get in the way of your child’s plans for college or their dream wedding. Whatever the case may be, by obtaining a quality life insurance policy, you can ensure that your children may continue to pursue their dreams as planned.

​What is Final Expense Insurance?

Final expense insurance is a policy used to pay for the costs associated with burial expenses and funeral services on behalf of the insured. These policies assist to ease the financial burdens placed on the family when their loved one has passed.

​How Does It Work?

Final Expense insurance is one of the basic life insurance policies that covers people until they reach the age of 100. Quite similar to universal life insurance this insurance is also referred to as graded life or burial insurance with easy issue permanent coverage. 

Final expense coverage can be used to cover the funeral and burial costs of the policyholder. It is a popular choice of those who do not wish to burden their families with costly burial and funeral expenses. 

Final Expense coverage can help pay for services including:

• Funeral service
• Burial casket
• Cremation fees
• Visitation/Viewing
• Transportation (hearse)
• Cemetery plot cost, Burial vault, Grave liner
• Digging and filling the grave
• Minister fees
• Headstone fees
• Flowers
• Other expenses related directly to the insured's funeral

​What is Whole Life Insurance?

Whole life insurance, or whole of life assurance, is a life insurance policy that remains in force for the insured's whole life and requires (in most cases) premiums to be paid every year into the
policy.  Whole life insurance is meant to provide you with a lifetime of coverage protection and provide your whole family with peace of mind. Your premiums won't increase, won't expire after a specific number of years, and you can't be cancelled due to health or illness. Find a policy that fits your needs by visiting First Legacy Group and speaking with a skilled agent to understand more how you can protect the ones you care about most before it’s too late.

​What does Life Insurance Look Like After 60?

While life insurance can be a great investment for most, you must consider the risks vs the rewards of continuing your life insurance after the age of 60.

​Let’s explore a few situations in which having life insurance in your 60s may continue to prove beneficial.

1. You Have Children Who Are Dependent on You: The thought of leaving behind children or grandchildren who depend on you for financial security is very difficult to imagine. Having a life insurance policy in place can protect those you love and can be highly beneficial to their future success.
2. You Want to Leave a Financial Legacy: A life insurance policy allows you to leave behind a legacy for your children to follow. The money from your policy put towards your children’s future will give them advantages that your death may have otherwise hindered. Investing in your family’s future is the best present you could ever give them in life.
3. You Have a Complicated Marriage/Relationship Situation: Marital situations must be considered when continuing life insurance, for instance, if a spouse is not eligible to receive their partner’s pension upon their death, life insurance may be the alternative solution. If your spouse is unable to take care of their self on their income alone, continuing your life insurance policy can provide support to your spouse after you are gone.

Life insurance is the ultimate way to say ‘I love you’ by supporting the ones we care deeply about. Your family will be heartbroken but hardship will not fall upon them. A policy from First Legacy Group can ensure that your family’s future is secure for years to come. A life insurance policy, through us, will highlight your intentions of committed devotion to your loved ones. In this manner of speaking, Life insurance becomes love insurance. It provides the assurance that your family will be taken care of and reminded of your true love for them for years to come, making it the greatest love letter they could hope to receive. Click here to visit First Legacy Group today and find a policy that’s right for you!

References:
https://sixtyandme.com/do-you-still-need-life-insurance-over-60/
https://www.firstlivinglegacy.com/life-insurance.html
https://janeausten.co.uk/blogs/arts-and-entertainments/a-history-of-love-letters
https://www.consolidatedinsurance.com/news/2016/02/love-and-life-insurance-a-perfect-match/