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Insurance for North Carolina State Firefighter Association

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Many people think of insurance as an optional expense, rather than a necessary protection. It’s more difficult to determine the potential cost of not buying insurance, so it can be easy to believe that it is unnecessary. It is important to plan ahead, and having the appropriate insurance coverage can save you a great deal of money and stress in the future. Being properly insured can protect your loved ones and your ability to retire comfortably.

The Hidden Value of Life Insurance

Unfortunately, an unexpected death can leave a family’s world on end. Adequate life insurance coverage, however, can prevent financial catastrophe for surviving family members. If your family relies on you for your income or the care you provide, you should consider investing in life insurance.

Many pass up purchasing life insurance coverage because they are unaware of how much it truly costs. For most healthy individuals, life insurance can cost a few dollars a month. Depending on your coverage and the style of coverage purchased, life insurance can be an affordable protection for you and your family’s futures.

Using Your Life Insurance Benefits While You’re Alive

Depending on the type of insurance policy, your life insurance coverage may accumulate cash value, which can be used by you during your lifetime. While these policies are somewhat more expensive, permanent life insurance policies offer a unique benefit. These policies provide life-long protection, but they also accumulate a cash value on a tax-deferred basis. This value can be used for any purpose you desire, such as the down payment on a home or helping to pay for your children’s education.

You can borrow money from your insurance plan, using your policy’s cash value as collateral. The borrowing rates may be relatively low, which can further increase the many benefits of these policies. Unlike traditional loans, these are not subject to credit checks or other restrictions. If you do not repay the loan, your family will receive a reduced death benefit and cash surrender value. These plans can be a valuable safeguard for your family’s finances.

Disability Insurance for Painful Risks

Disability insurance is another form of insurance many Americans forgo, but becoming disabled is a very real risk. Often workers are only temporarily disabled, but even a few months off work can greatly impact your finances. Disability insurance can help you pay your bills and support your family, even if you are unable to work due to an injury. It can help you make ends meet until you’ve recovered and can return to work.

Questions? Ask an Atlanta Insurance Administrator - (888) 451-0883

Our professional Atlanta insurance administrators can help you understand your insurance options, and help you select the right policies for your needs. For more than 50 years, Insurance Specialists, Inc. has helped our clients understand their insurance choices, and we are proud to offer the highest quality of service and products. Learn more about your business or professional insurance needs.

Contact our team by calling (888) 451-0883 today.