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Who Needs Life Insurance in Oak Ridge, NC?

There are many reasons you need life insurance in Oak Ridge, NC. If you ever doubt that you need life insurance, ask yourself: Do I have dependents? How would they survive without my financial assistance? If you have a spouse, child, or an aging parent that depends on your income, you probably need life insurance. But is that all? Definitely not. Life insurance covers more than dependents. If you are in the below situations, there is a heightened need to buy life insurance from Oak Ridge Insurance Services today. 

If you are a spouse

In marriage, there are many shared financial responsibilities. Without the other spouse’s support, the spouse left behind would have difficulties paying financial duties like mortgage, school fees, and other obligations. However, life insurance replaces your income when you die, helping your spouse meet various financial obligations.

If you have debts

If you have a student loan, credit card, or mortgage loan, your cosigners are stuck with your debts in the event you die. However, when you purchase life insurance, you don’t have to bother your dear ones with unpaid debts when you die. 

If you own a business

If you are in a business partnership, you can name your partner as the beneficiary. When you pass on, the death benefit can be used to run operations or buy out outstanding shares in the business. 

If you want to take care of your funeral expenses

Running a funeral can be expensive in America. It will cost you between $8,000 and $10,000. Of course, the figure can go up depending on your final wishes. Instead of bothering your loved ones with burial expenses, your loved ones can use the life insurance proceeds to finance your burial costs. 

Life insurance in North Carolina

Are you looking to safeguard your loved ones or business with life insurance? You can trust Oak Ridge Insurance Services for all your life insurance needs. Contact us today for a quote.

How much life insurance is enough

When it comes to life insurance, most people are not very knowledgeable. They have to count on someone to tell them how much life insurance is enough. What may be enough for one person will not be the right amount for another person. Experts have some general criteria to determine the amount they suggest depending on your earnings, but your life and how to maintain it is so much more than just some figures. Having an insurance agent who knows you well enough to make you feel comfortable helps make this a less nerve-wracking process. Oak Ridge Insurance Services in Oak Ridge, NC is here to guide you through the process and make sure you are comfortable both with the coverage and the price of your protection. 

How much life insurance is enough depends a lot on where you are in your life. Someone with small children will need much more coverage than someone whose children have all flown the nest. All of your liabilities also need to be taken into consideration. Do you have a mortgage? Any other debt that would be a hardship if left unpaid by your passing? No matter where you are in the circle of life, you need to have enough life insurance to pay for your final expenses. 

Optimally, making sure that those you leave behind are provided for is the goal of life insurance. What that means may differ from person to person. It can mean caring for aging parents, providing for a spouse and children, or leaving a legacy for your grandchildren. Only you will know for sure how much life insurance will be required beyond your savings and assets to make this happen. 

When you are ready to discuss your life insurance needs, we are prepared to sit down with you and answer any questions. Give us a call at Oak Ridge Insurance Services in Oak Ridge, NC and let us help you make sure you have enough life insurance. 

Brent Schroyer

Brent Schroyer

Insurance Advisor
Chastity Spofford

Chastity Spofford

Insurance Specialist

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