Life Insurance and Living on a Limited Budget

If you work hard for a living but have to keep a close eye on your savings account, you might think that life insurance is an extravagance you just don’t need. However, if you have a family in the Astoria, OR area, you may discover that life insurance from Linda Dugan Insurance is something you really shouldn’t sacrifice. Let’s check out the basics of what it’s all about.

Who Benefits from a Life Insurance Policy?

Your life insurance policy can designate your spouse, live-in companion, parents, or even a lifelong friend as its beneficiary. Basically, whoever you think will be responsible for taking care of your final expenses and caring for your personal possessions is a good person to receive payment from the policy.

What Can the Money be Used For?

The cash from a life insurance policy generally comes with no strings attached. However, if you have children it could help pay the rent or mortgage while they grow up and potentially fund a college savings account. It can assist the family through a period of adjustment by clearing credit card balances, pay off the car loan, or cover the wake and funeral. 

Providing Security at Crucial Moments in Life

If you are the sole source of income for your family, your death could create a tragic and traumatic period where the question of how to pay for food and utilities for the first year can be very serious. A life insurance policy provides the net that is needed to help your loved ones make it through an uncertain moment in their lives. 

Best of all, you don’t have to break the bank to purchase a life insurance policy in the Astoria, OR area. Give the friendly and understanding agents at Linda Dugan Insurance a call and ask us about all of your options today.