​When most people think of life insurance they think of the end of life needs. Most people think life insurance is just to cover the cost of estate taxes, paying off debt, replacing income, or mortgage protection which are all valid reasons for life insurance. Life insurance does more than just cover the loss of income or pay off debts when someone dies. If set up correctly; life insurance can care for you in a variety of ways. Agents use what is called a “rider” or insurance clause to add in the right protections for your future. With the right rider life insurance can give you financial protection against cancer or other critical illnesses that may strike later in life. Life insurance can be written to provide income if you become disabled. There is assistance with long term care if written into the life insurance policy as well.

​If you die tomorrow, who will be shouldered with your debts? Even if you have assets, your looming credit card debt, car loans, and mortgage probably won’t be enough, leaving your heirs with the burden of finding other ways to pay creditors.