Death is a scary topic to even think about. No one wants to plan for their death actively. Unfortunately, though, death is also inevitable, and so are all the expenses that come with it. According to Bankrate, 54% of Americans were insured in 2020. If you're part of the 48% that weren't insured, here's why you should invest in life insurance.

Funeral Costs

Even a simple cremation is costly nowadays. If you're hoping for anything more elaborate than that, you'll pay thousands of dollars out-of-pocket. If you don't, then your family will. Setting up life insurance allows you to make sure your funeral is paid for. Your family can focus on remembering how much they loved you instead of how much they will have to pay. It's the promise of peace of mind for your loved ones during a challenging time.

Financial Security

After the death of a loved one, it can be challenging to imagine doing anything. Grief feels like a weight around your neck. It's rare for someone to be able to go right back to work after a loved one dies. Your loved ones are likely to see a dip in their income after your death, and the closer they are to you, the more dramatic that dip will be. Life insurance offers additional money to your loved ones to help them as they mourn the loss of you. If they need to take time off work or get out of town for a little while, life insurance benefits will help them.

Lingering Medical Costs

There's a likely chance that your family will be left with the hospital bills after you pass. An emergency ambulance ride can sometimes cost upwards of thousands of dollars. Cancer and chemo are notoriously expensive. Medical insurance will cover many of these costs, but if they don't cover all of them, your loved ones could be stuck with the bill. Life insurance ensures they can pay any unexpected medical costs that follow in the event of your passing.

Take Care of Your Loved Ones

No one wants to think about dying. However, life insurance allows you to take care of your loved ones when you're gone. Talk to Woodward Insurance Agency about life insurance today, so you can ensure your family is cared for when you pass.