Life Insurance in Pennsylvania
Life insurance provides policyholders a tax-free lump sum of money to loved ones in the event of death, allowing them to be made temporarily whole with your loss of income. It's a valuable asset that provides peace of mind that they'd be taken care of even when you aren't around.
Regardless of the policy, life insurance consists of several parts, beginning with the policyholder. This person will have benefits paid out if they die; beneficiaries who will receive the money, and premiums that will be paid out monthly or annually to keep the insurance policy active.
Should Emmaus, PA and Bethlehem, PA Residents Get Life Insurance?
Most people benefit from life insurance. Even for single individuals who may not have dependents, life insurance can be beneficial to help cover basic costs like funeral expenses. Without life insurance, funeral expenses might be subsidized by family members, adding to the stress of losing a loved one.
Typically, the younger and healthier you are, the more affordable life insurance will be. Unfortunately, life insurance may require a certain level of introspection and facing one's mortality — which is a reality that many individuals may not be too keen to do. But Pennsylvania residents that leverage life insurance will have the peace of mind knowing that their family members will be taken care of even in their absence.
Married individuals, those with children and dependents, are the ideal candidates for life insurance. It also recommended that those who share a mortgage also get life insurance. The life insurance policy can help loved ones make additional mortgage payments as it can be very costly to continue payments by themselves.
Patrick McNealis Insurance and Financial Group
Patrick McNealis Insurance and Financial Group offer comprehensive life insurance to policyholders. Use our free rating tool to find the right policy for you and your family. To learn more, contact us at one of our four locations in Emmaus, PA, Shavertown, PA, or Bethlehem, PA.