Use the yellow hot spots and explore how life insurance can help protect against common risks.
Many people mistakenly think that they don’t need life insurance if they don’t have children or if their children are grown. However, your financial responsibilities fall to your family when you are gone.
Life insurance can replace the income you would usually bring in and help support your spouse or adult children, ensuring your loved ones are able to maintain the lifestyle they're accustomed to.
Note: Actual policies must be consulted for specific terms and conditions.
If you passed away, would your business suffer? There are many complications and financial issues that can arise due to the death of a business owner. Many people overlook this predicament.
A life insurance policy can keep a business moving along even during tough times, such as the loss of the business owner/partner. Key person life insurance is payable to the company and provides money for training and hiring of a new employee. A buy-sell agreement, funded by life insurance, allows the other partners in the business to buy the deceased’s share of the business, which will provide money for his or her family.
Note: Actual policies must be consulted for specific terms and conditions.
Raising a child can be a rewarding life experience, but it is also very expensive. It costs hundreds of thousands of dollars to raise a child to age 18, with college tuition, fees, room, and board resulting in another potentially enormous expense. If you were to die tomorrow, would funds be available to provide for food, clothing, day care, and educational expenses for your child?
Having life insurance could secure the future for your children if you have an untimely death. With a life insurance policy, there could be enough income to help pay for everything your child might need while growing up.
Note: Actual policies must be consulted for specific terms and conditions.
An average funeral can cost tens of thousands of dollars, and that's without unnecessary options or luxurious services. A death in the family is stressful enough; why add the hefty bill of a funeral to that stress?
A life insurance policy can easily cover the cost of a funeral. Your family will be able to think of you and have peace of mind without being burdened by funeral costs.
Note: Actual policies must be consulted for specific terms and conditions.
Once you retire, you will be living off social security, and if you are lucky to have them, a pension or retirement fund, too. But what if the surviving spouse has been relying on you to fund retirement for the couple? Premature death of an earner can affect sources of retirement benefits such as Social Security.
Life insurance can help support a surviving spouse during their retirement.
Note: Actual policies must be consulted for specific terms and conditions.
After your death, any outstanding debt and financial obligations do not disappear. Your home is probably the costliest and most significant property you own. A mortgage payment is a large burden for a spouse or partner to carry.
A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on the home.
Note: Actual policies must be consulted for specific terms and conditions.
Many families lease or finance their automobiles these days. If the primary earner in the family were to die, the family could be left with outstanding car payments for years to come.
A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on your car(s).
Note: Actual policies must be consulted for specific terms and conditions.
Tom had always been the breadwinner for his family. He worked hard to provide for his wife and children and wanted to ensure they were cared for even after he was gone.
One day, Tom was diagnosed with a terminal illness. He was devastated by the news and worried about his family’s future financial security.
Tom realized then the importance of having individual life insurance. He had never considered that unexpected events could happen, and it was crucial to have a plan in place to protect his loved ones.
Individual life insurance, the insurance agent explained, provides financial protection to the policyholder’s family in the event of the policyholder’s death. It helps cover expenses like funeral costs, outstanding debts, and income replacement for the family.
Tom quickly purchased individual life insurance, and the policy provided his family with the financial support they needed after his passing. Without individual life insurance, his family would have been left with a significant financial burden during a challenging time.
From then on, Tom made sure to have individual life insurance for himself and his family. He learned the hard way that unexpected events can happen, and it’s essential to be prepared for any potential financial consequences. Individual life insurance gave him the peace of mind he needed to know his family would be cared for even after he was gone.
Contact us and we’ll walk you through the options and help you to determine if term life insurance, whole life insurance or universal life insurance are right for you.
One of our insurance advisors will reach out to you to review your information and present you with the appropriate life insurance solution. There’s no obligation, just good-old-fashioned advice.
We’re an independent insurance agency offering a comprehensive suite of insurance solutions to protect you from the unexpected.
We don’t just sell insurance. We work closely with clients to help them make important and informed decisions every day when it comes to protection and their future.
We offer comprehensive insurance solutions throughout Texas, as well as surrounding areas including, Helotes, Schertz, New Braunfels, Cibolo and Bexar County.
At SOGO Insurance, we strive to provide a true, concierge client experience which is unique in the insurance industry. We give clients the power of choice from top-rated national and regional insurance carriers.
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