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Obtain a quote for life insurance
Are you trying to decide whether or not you have a need for life insurance? Below are some reasons that you may consider purchasing a life insurance policy. Kairos Insurance Group can offer you policies from over 100 different carriers. Let us do the shopping and find you the best policy for the best rate!
Replace income for dependents
If people depend on your income, life insurance can replace that income for them if you die. The most commonly recognized case of this is parents with young children.
Pay final expenses
Life insurance can pay your funeral and burial costs, probate and other estate administration costs, debts and medical expenses which are not covered by health insurance.
Create an inheritance for your heirs
Even if you do not have assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries.
Pay federal “death” taxes and state “death” taxes
Life insurance benefits can pay estate taxes so that your heirs will not have to liquidate other assets or take a smaller inheritance.
Create a source of savings
Some forms of life insurance create a cash value that, if not paid out as a death benefit, can be borrowed or withdrawn on the owner’s request. Since most people make paying their life insurance policy premiums a high priority, buying a cash-value type policy can create a kind of “forced” savings plan.