Are You Independently Wealthy? Most of us are not.
We would all love to be independently wealthy so that no matter what twists and turns life takes, our families would always have whatever they needed at their fingertips without the slightest bit of financial worry. But now, back to reality! That is simply not the case which is why life insurance is so important to most families when they are planning for the financial future.

Leaving a Surviving Spouse with Support
If you die and your income stops, life insurance can fill the gap providing your surviving spouse and children with the financial support they need and are accustomed to. Many people think of life insurance as something you buy when you get married, have a baby or take out a mortgage loan. Others find out about someone who was left with financial problems because of the death of a bread-winner who had no life insurance. But without being prompted by one of these events, perhaps it makes sense to consider “income replacement” as a good reason to buy life insurance today simply as part of a good financial plan.

Dependable Guaranteed Source of Income
In today’s world, life insurance is no longer considered strictly a family issue nor is life insurance just about children. Life insurance is about protection, regardless of the situation, circumstances or lifestyle. In fact, statistics show that many people purchase life insurance as a means of replacing their income. In other words, their goal is to provide their family with a dependable, guaranteed source of income.

Questions to Ask Yourself About Life Insurance
Think about the standard of living that your family would need to maintain in the event of your passing. Would your spouse be able to continue to work the same number of hours if they now had to face the responsibilities of child-raising alone? Would they need extra income because of having to cut back on their work hours? Would your family need money to pay your final medical bills, funeral costs, pay off some credit card or other normal debts? Would they need to put money aside for college? Would you want all or part of your mortgage balance paid off in the event of your death so that your family would have the monthly mortgage payment reduced or eliminated? These are all important questions you should consider. Perhaps your savings can help to provide part of what would be needed, the rest should be provided with life insurance. You can start your instant life insurance quote here.

About the Author:
Mr. Sy Alter is a Chartered Life Underwriter and a veteran insurance professional with more than three decades of experience in the life insurance arena. Mr. Alter specializes in areas of insurance, estate planning, buying and selling insurance, deferred compensation and corporate benefits. He maintains a solid track record of success working closely with families, doctors, lawyers and high profile individuals and businesses. Mr. Alter has also developed a lofty level of expertise providing life coverage to individuals with health impairments ranging from by-pass surgery, hepatitis, diabetes, sleep apnea as well as various types of cancers and other maladies. Mr. Alter has been guest speaker at the Financial Executives Institute as well as many other professional meetings and conferences. As President of Spectrum Direct, he is available for consultations and speaking engagements and can be contacted by e-mail at salter@spectrumdirect.com or by phone at 949.600.7901.