We live in a fast-paced world where your family, like most people, find themselves caught up in a whirlwind of activity, juggling work responsibilities with family obligations and recreational pursuits. With so much going on, it’s easy to take things for granted such as the home you live in, the food on your table and your finances, and people do not consider what would happen in unforeseen circumstances.
Life may not always turn out as planned. The untimely death of one of the spouses or life partners could dramatically alter a family’s situation. For many families, two incomes are needed to maintain their desired standard of living.
Because of this, it is important to consider what would happen if you or your partner where no longer in the picture. Could you or a surviving relative continue paying on their own the mortgage? If you are the sole provider of your family, who would take care of the payments? What about maintenance expenses, utilities, unforeseen repairs, and property taxes?
If a tragedy were to strike, having to turn the house keys to the bank is the last thing anyone would want to happen to you or your loved ones. That is why it is important to think ahead and be prepared.
Protect what you value the most
September is life insurance awareness month, and it is a good time to check and acquire a life insurance coverage that can play a valuable role in protecting your family’s lifestyle. The proper coverage can help replace your income or that of your spouse’s; or provide supplemental funds so your home can be maintained and continue to function as normally as possible in the event of a family death.
Life insurance coverage may help your family be better equipped to maintain the household lifestyle in the event of a death.
At Popular Insurance, our licensed insurance professionals are ready to guide and help you select the right life insurance policy that will give your family the financial protection they need. For orientation and a quote, click here ( popular.com/en/insurance/life) or call us at 787.706.4111.
This article is for information purposes.
Insurance products and services are offered by Popular Insurance LLC, a subsidiary of Popular Inc. and affiliate of Banco Popular de Puerto Rico. Insurance products are not deposits, are not insured by the FDIC or other government agencies, are not guaranteed by Banco Popular de Puerto Rico and may lose value.