You may have never suffered from any major illness in your life or never had an accident happen to you. But the future is uncertain and you can never predict what will happen to you next. There is no doubt that your death would cause sadness to a lot of people. However, if you are the primary breadwinner in your family, your death could have more unfavorable circumstances than just sadness. In the unlikely event of your death or a long term disability, life insurance can provide your loved ones a safety net from financial hardships.
At Stoneman-Schopf, we help provide affordable life insurance policies from well regarded and financially sound companies. Our life insurance options include universal life, whole life, term life, fixed annuities and lots more. Our team of experts will also provide you with free insurance check-ups so that you get the insurance coverage you need. We provide our services to Algoma, Door County, Egg Harbor WI, Fish Creek WI, Sister Bay, and Sturgeon Bay. If you are from any of these areas, feel free to contact us today.
Here are some more reasons why life insurance is important:
- Paying off debts
Life insurance can help replace your income in the unlikely event that you pass away. This means that your children or whoever you have nominated a beneficiary can use the money to pay for their essential expenses. These could be outstanding credit card bills, mortgage, tuition fees or other debt that you may have incurred in your lifetime. Some policies also cover for your funeral costs, medical bills not covered by your health insurance and other unpaid obligations.
- Charitable contributions
If in case you have a favorite charity that you regularly donate to, you can also name this charity as the beneficiary. In the event of your death, your insurer will make sure that your philanthropic goals are met and your name lives on.
So, if you are interested in our services, contact us today.