At Enable Insurance in Oklahoma, we are happy to offer life insurance policies so you can have peace of mind that your loved ones will enjoy a final parting gift after you have passed. Although life insurance can be daunting, it’s a small way to plan for your family’s future even beyond when you are here on earth. Even if you don’t want or need to leave a legacy for your family, life insurance can be a great way to donate to causes you support after you have passed.
What is life insurance?
Life insurance is a type of insurance policy that pays a death benefit to your chosen beneficiary after you pass. While different types of policies have different terms, the main point of all life insurance policies is paying an individual or group a lump sum called a “death benefit” once your life has ended. If you are worried about your family surviving financially after your death, life insurance can take some of that burden off your shoulders.
Even if your family is financially secure enough that you don’t worry about them struggling financially after your passing, life insurance can still be an important part of legacy planning. Suppose you want to make a lasting impact on your favorite charity after you pass. In that case, you can list your favorite non-profit or another organization as the recipient of your death benefit. Overall, it can be a final fulfilling act of philanthropy.
How can life insurance help my loved ones after I pass away?
Since the death benefit pays out a lump sum, it can help your family cover funeral or everyday expenses. There are no real limits on what they can spend the death benefit on, so it can be a huge help.
For a quote, stop by an Enable Insurance office in Oklahoma today!