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.
Many people view life insurance as something needed later in life, but Gloria Garcia Cisneros, a financial advisor with LourdMurray, says it's 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 explained that life insurance helps people move forward without additional financial stress after someone passes away, and the payout is almost immediate after a death occurs.
- Life insurance protects loved ones and assets
- Helps with shared debts and financial dependencies
- Payout is almost immediate after a death occurs
Author summary: Life insurance protects loved ones from financial stress.