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With over 76 years of experience, The Jordan Insurance Group is an industry leader in Life Insurance strategies and Employee Benefits. We strive for excellence through our due diligence in selecting products to satisfy our clients’ needs with proven benefit designs and tax strategies. Our Team utilizes a diversified multi-level approach in preserving, protecting and growing wealth for our business and individual clients.
Why You Need to Buy Life Insurance
Life insurance serves many purposes. Unfortunately, not everyone is aware of them. As you grow older, get married, and start a family or build a business, you will eventually realize that life insurance is something you should have. It is fundamental for you to have a sound financial plan and this is what life insurance can offer you, along with peace of mind. If you are searching for reasons why you need to buy life insurance, here are the ways that it can help you, your family, and even your properties:The Jordan Insurance Group, MD, Life Insurance Final Expenses: Funeral, burial, and other final expenses can be very expensive. Your spouse, parents, and your children may suffer financially, not just emotionally. With life insurance, these costs can all be covered. Children’s Expenses: As a parent, you want to make sure your children are all well taken care of. You want them to have quality college education. Additional coverage on life insurance can help ensure your children’s future. Replace Lost Income: When a partner dies, his or her income is lost. A spouse’s income can be replaced with the help of life insurance, so your family will not have problems in meeting their financial needs. Debt Payments: Lost income can cover daily living expenses and in addition to this, your family may need more money to cover debts, which include the mortgage. This way, they will not resort to selling the house just to remain solvent. Buy Shares: If you are involved in business partnership, it is very useful if you buy life insurance for your partner. In case he or she dies, you will not have to worry about being able to afford your partner’s shares from his or her heirs. You can pay for the share without needing to sell the company. These reasons alone should be enough to persuade you to buy life insurance today.
William Jordan
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