How Life Insurance Can Help Protect Your Family’s Future

Take a quick 30-second assessment of what happens to your paycheck after it hits your bank account. For many people, the largest percentage of that is going to a mortgage or rent, likely followed by a car payment – or payments, if you include a spouse or a teenage driver under your roof.

Other expenses add up quickly, too. If you have children, you’re likely saving money for future college tuition. Kids playing youth sports are increasingly racking up league dues, new equipment costs, summer camps or private coaching fees, on top of other activities and interests they may have. Monthly bills can feel like they’re slowly creeping up each year, too, between groceries, internet and an ever-expanding spread of streaming services you must have so everyone can catch their favorite shows.

It can be downright dizzying to account for every monthly expense, and to do so properly certainly takes more than 30 seconds. Even for those of us who are on top of our monthly expense tracking, we’ve all felt the shock of looking at an account balance after some unexpected emergency expenses put more strain on things than anticipated.

No matter where on the financial organization spectrum you fall, it can feel overwhelming. After adding up the array of things you’re responsible for or contribute to, you may want to take the time to make sure you’re set up appropriately should anything happen to you.

This is where life insurance can help. A life insurance policy puts your family first so that – should something ever happen to you – the financial burden on your family is lessened, and they have a greater chance to maintain their same lifestyles. And AAA Life is here to educate, guide and assist in these situations, when you need us most.
 

Life Insurance Can Relieve the Burden
 

To be sure, end-of-life planning is not pleasant to think or read about, and may even feel unnecessary if you are young and healthy, but it can be one of the most important decisions you ever make. Suffering a loss in a family is never easy, and can be made more difficult with financial considerations. 

Your family, be it your spouse and children or parents, siblings or other relatives, is responsible for any debts you’re carrying if you were to pass away. That includes big-ticket items like a mortgage or car loans as well as general credit card debt, which can be extra costly if you carry a balance since that debt often carries the highest interest rate.

Beyond that, the money a life insurance policy pays out can be used in a variety of ways to help a family maintain its quality of life – from where they live, to where they go to school, to the hobbies and activities they’re involved in, which can lessen the impact felt during an already tremendously difficult time.

And keep in mind: if you are young and healthy, now may be the best time for you to get covered. A number of factors about your lifestyle are considered when you are getting a life insurance quote, but it’s generally cheaper for those who are young and healthy.
 

An Affordable Way to Have More Peace of Mind
 

The path to more financial peace of mind does not have to be a costly one, either. The cost of coverage can be overestimated by as much as $1,000 annually, according to a 2022 study1. If you’re uncertain whether a policy works for your budget, AAA Life’s online needs calculator can provide a baseline for you to work from.

For the most accurate quote tailored to your exact situation -- or if you’re ready to start the process already – call our Life Specialists today at (888) 422-7020 and let them guide you through each step along the way.

¹ 2022 Insurance Barometer Study. Life Happens and LIMRA. April 25, 2022.