insurance – 5 reasons to own life insurance

Life insurance. At first glance, it may seem like an overwhelming topic. But it doesn’t have to be. In just a few minutes, I can help demystify it. Hi, I’m Ali for Securian Financial. And I’m here to share five reasons why owning life insurance is important. You don’t buy life insurance for yourself – you buy it for the loved ones you leave behind.


Think about it: Would your family’s lifestyle suffer if they lost your income? Would they be able to stay in your house? Would your kids be able to go to college? Or, if you’re single, would your parents have to cover your debts, funeral costs and other financial loose ends? At Securian Financial, we understand that family is your most important asset. Our life insurance solutions can help you put your family first. Life insurance is a financial safety net that provides an income tax-free death benefit to beneficiaries upon your death, but a lot of people think they can’t afford it.

insurance for a young and healthy person

And while the cost does vary for factors like age and overall health, it often costs less than many people think. The type of policy may influence the cost as well. For example, term insurance for a young and healthy person may cost less than permanent. In fact, it’s not uncommon for healthy people under 40 to qualify for a half-million-dollar term policy for less than $36 dollars a month! Less than $30 dollars, if you’re 29 or younger! Pretty affordable, if you ask me. Fact: More adults die each year from a serious illness than by accident! But don’t wait to see if you get sick before you buy life insurance it might be impossible to get it.

One type of life insurance

The smart thing to do is to get life insurance while you’re healthy. Here’s one a lot of people don’t know. One type of life insurance – permanent life insurance can accumulate cash value as the years go by. It’s a great way to protect your family while accumulating lower-risk, predictable cash value growth. This cash value can grow efficiently because a policy’s cash value grows tax deferred. And you can use that cash value any time during your life to do things like fund a college education, or provide another income stream in retirement.

you purchase life insurance

When you purchase life insurance, you choose at least one beneficiary the people or entities that would receive a benefit from your policy. In addition to naming family members as beneficiaries, some people choose to name their church, favorite charity or nonprofit organizations that supports causes they care about. In some cases, life insurance can enable you to give in death more than you might have been able to donate to the cause during your lifetime.

five great reasons to own life insurance

Have you thought about the legacy you want to leave behind? Life insurance can help you fulfill it. And there you go: five great reasons to own life insurance. While your financial needs, goals and dreams will change, making sure your loved ones are protected will always be important. Life insurance can help protect their financial future so you can enjoy those everyday moments in the here and now. If you want to know more about life insurance, search for the topic on We’re here to help.