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Lee Insurance Agency LLC

119 W South Railroad St, PO Box 1212
Four Oaks, NC 27524

Benefits of life insurance for single people

Lee Insurance Agency LLC is here for the residents of North Carolina. Our great state has a lot to offer everyone. If you are a single person who is wondering about their insurance needs, it’s time to give us a call.

Life insurance benefits for single people

When most people think about life insurance, they think about families. For many, it is considered a necessity for young families with small children, but not for everyone else. This is not always the case. There are many benefits of life insurance for single people.

For example, if you do not have any immediate family members, your estate will likely have to cover the cost of your burial and funeral. And, if you have an illness prior to dying, there may also be medical costs that you leave behind.

By having a life insurance policy in place, your estate can take care of all of those expenses in an expedient manner. If you choose a permanent policy that includes a cash value, you will be able to reap many benefits of your policy while you are alive. You will be able to access the funds while you are living. 

These funds can help you pay for your education, a down payment on a house, or can be used to give yourself a more comfortable retirement. There are plenty of good reasons for single people to have a robust life insurance policy in place!

Learn more about your options today!

Now is a great time to set up a meeting with the team at the Lee Insurance Agency LLC. Let us help you learn more about the life insurance policy options that are available to single people residing in North Carolina. Call or stop by our office today!

Why You Should Get Life Insurance

Life insurance might be something many people do not enjoy thinking or talking about, but it can be of the utmost importance to your loved ones after you pass away. No matter how uncomfortable, it is never too early to look into life insurance.

Lee Insurance Agency LLC in North Carolina is happy to help you look into life insurance options. We can show you several quotes from our different providers and walk you through them every step of the way.

Reasons to get life insurance

There are a couple of big reasons why you should get life insurance, some of them we listed below:

You are the main breadwinner in your household

If you are the breadwinner at home, this usually means that the rest of your household depends on your money. Depending on how big your life insurance is and how high your salary is, your insurance can help your family out, especially in the case of an unexpected death. 

You have unpaid long-term debt

Even if you have been paying off your debt slowly for a long time, if you die with debts, there is a good chance they are not automatically written off. For that reason, do not leave your loved ones with the financial burden of your debts and get your life insurance to cover it.

Funeral costs

The time right after losing a loved one can be tough, and funeral costs can be very high. Take the financial stress out of your funeral and get your life insurance to cover your funeral costs.

If you are ready to discuss life insurance options, call Lee Insurance Agency LLC in North Carolina when you can. 

Should You Get North Carolina Life Insurance if You Are Covered at Work?

One of the key reasons that a lot of people avoid getting life insurance is because they have life insurance through their work benefits. Here it is called group life insurance, with a typical cap at approximately 2 years of the annual salary. For many, this would be considered a stipend in the event of a passing in the family.

At Lee Insurance Agency LLC, we want North Carolina residents to have as much coverage as they need for their families. It is never a bad idea to get more life insurance if you can, and there are ways to determine if you should top up your group life insurance

Dependents and Mortgage Expenses

Your life circumstance will help you to determine if you need more life insurance. If you have dependents that you want to take care of with income replacement if you die, another life insurance policy is a smart choice.

You may also have a mortgage, in which case you would want that expense covered for them after you pass. A group life insurance policy is usually not able to meet all of those needs.

Job Changes

Another key reason you may want additional life insurance is if you are concerned about your job security. In this day and age, most people are. If you are not sure about your job position, you may want additional life insurance.

You don’t need to feel your job is at risk for this. You may change jobs on your own in the future. If you aren’t sure, consider getting more life insurance.

Get a Quote

When you are working and are a member of a group life insurance policy, it is natural to wonder if this is enough. It probably isn’t, particularly if you are concerned about any part of that policy. At Lee Insurance Agency LLC, we can help North Carolina residents get all the life insurance coverage that they need, even if you have group insurance. Call us for a quote today.

How much life insurance is enough

Life insurance allows you to provide a safety net for your loved ones in the event you pass away. No matter what point you are at in your life, you may not have acquired the assets to maintain the lifestyle you are currently enjoying. Life insurance provides the additional funds you may need to bridge the gap. Residents of North Carolina can turn to the Lee Insurance Agency LLC for the help needed to decide how much life insurance is enough. Our family-owned agency is committed to putting our customer’s needs first. 

The amount of life insurance that is enough for you personally is not a one size fits all amount. Many different factors go into determining that figure. Even in your own lifetime, your life insurance needs are likely to change. 

Your age

If you are very young or alternately very old, your insurance needs will be smaller than they will be during the prime of your life. The cost of life insurance is lowest for the young so getting a policy to keep for life when you are young is a good investment.

Your debt

Your life insurance should be enough to clear any debt you have. This can be a mortgage or just normal monthly bills. Your final expenses should also be included when figuring this. 

Your dependents

Not everyone has people who count on them and their income. But for those who do, providing for them in the event of your death is something they are counting on. You need to make sure your children are provided for and your spouse or partner as well. How much life insurance is needed depends on the age of your children and your income. It has been suggested a minimum of seven years of your income is what is needed. 

If you live in North Carolina, contact the Lee Insurance Agency LLC, and we will be happy to help make sure you have enough life insurance. 

 

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