Who needs to have life insurance?

All insurance is protection, but life insurance is one that doesn’t benefit you, it benefits your loved ones. Even though your name may be on the policy, you have it to protect others. Just about everyone should consider the benefits of life insurance. At Marino Agency Inc. in New Jersey, we are independent insurance agents, which means we can offer you more choices. 

When you are young and don’t have any dependents, it may seem like a waste of money to buy life insurance. It is actually the ideal time to add life insurance to your financial planning. It will never be less expensive and you can lock in these low rates for your lifetime. While you may not "need it" at this point, it is a wise financial move to purchase it at this time. 

Once you get into a relationship, you have someone who may be dependent on you. If you decide to start a family, obligations come along with that decision. You need to consider the amount of life insurance you have and whether it is adequate to protect your family if you are not there with your income. To get the amount of life insurance you may need, term life insurance is the option most people choose. It is affordable and it will be gone in your later years when you no longer need it. 

If you don’t have the money to pay for your final expenses, you need to have life insurance. Final expenses have gotten very high in recent years and leaving your family to try to come up with that amount of money is irresponsible. If you haven’t already purchased life insurance, you can still get it even though you are up there in years. Your insurance agent can fill you in on available options.  

Contact Marino Agency Inc. in New Jersey with your life insurance needs.