How Life Insurance Protects Loved Ones After a Loss
Life insurance can protect your family now, not just later in life. Consumer Investigator Rachel DePompa spoke with a financial advisor to break down what to know before choosing a policy.
According to Gloria Garcia Cisneros, a financial advisor with LourdMurray, life insurance is a tool to protect loved ones and assets.
I’d say this is the main trigger for folks to consider getting life insurance. Whether it’s a partner, a spouse, children, maybe someone with a disability in your family, aging parents,Cisneros said.
Something if you have shared debts can even trigger this. It’s when someone else would have to depend on you financially.
Cisneros explained that life insurance helps people move forward without additional financial stress after a loss. The payout from life insurance is almost immediate after a death occurs.
Author's summary: Life insurance protects families from financial stress.