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 picking a policy.
Gloria Garcia Cisneros, a financial advisor with LourdMurray, views life insurance as 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,”She notes that shared debts can also trigger the need for life insurance, as it would impact someone who depends on you financially.
The payout from life insurance is almost immediate after a death occurs, helping people move forward without additional financial stress.
Author's summary: Life insurance protects loved ones financially.
- Life insurance protects loved ones and assets
- Helps people move forward without financial stress after a loss
- Payout is almost immediate after a death occurs