As an unmarried person, you may feel life insurance is a luxury you can’t afford. After all, you don’t have a husband/wife or children to provide for, so why invest in life insurance coverage? Contrary to what you may think, life insurance has much to offer individuals. Here’s how you can benefit from a life policy from Taake Insurance Agency in Columbia, IL.

Leaves Your Loved Ones Debt Free 

If you were to suddenly pass away, would your loved ones be liable for debts you leave behind? Consider that student loan your parents co-signed for or business loans you took out with a business partner. Life benefits can help pay off these debts so your loved ones don’t have to assume this financial burden. 

Helps Support Aging Parents

Many young people today are helping to support their aging parents during their retirement. Life benefits can continue to provide this support after you’re gone. You can have peace of mind knowing your parents will be well cared for in the event of your early demise.

Supports a Significant Other

Perhaps you’re in a serious relationship that hasn’t yet led to marriage. You and your significant other may be living together and sharing the cost of running a household. Your unexpected demise could leave your significant other in financial straits due to being unable to pay all the bills alone. Life insurance benefits can provide the financial support your significant other needs to carry on.

Pays Your Funeral Costs

Most singles don’t plan ahead for their funeral, much less budget for funeral costs. If you have a life insurance policy, you can designate that funds be used to cover funeral expenses so your family isn’t burdened with these costs.  

For quality life insurance coverage at affordable costs, contact Taake Insurance agency in Columbia, IL.