If you’re the main breadwinner in your family, your family can greatly benefit from the financial stability that life insurance can provide. In the event of your untimely demise, life benefits can provide financial support for your spouse, children, parents, siblings, or anyone else you desire. Here are just a few of the many benefits life insurance from Stalwart Insurance has to offer.
Cash to Replace Lost Income
Life benefits can replace the income that’s no longer there due to your untimely demise. This can help your family carry on. Your loved ones will have financial support to pay rent or mortgage on your Pittsburgh, PA home, monthly bills, school needs, medical bills, and more.
Financial Help for College
Life benefits can be designated to help put your kids through college when the time comes. The high cost of college can be a burden to many families if not planned for. By planning, you can help your kids get the education they need for a better future.
Support for Aging Parents
If you’re single, you can name your parents as beneficiaries of your policy to provide financial support for their retirement or end-of-life medical costs.
Pay Off Debts
Like many people, you may have debts ranging from a car loan to student loans to a home mortgage in Pittsburgh, PA. If any of these debts were co-signed by your spouse or other family members, they would be responsible for paying them off after you’re gone. Life benefits can be used to liquidate your debts, so others don’t have to bear this burden.
The high cost of funeral services can set your family back financially. Life insurance can help pay your funeral costs, so your family doesn’t have to cover these costs.
To learn more about life insurance options and costs, contact Stalwart Insurance.