Six Key Reasons Why You Should Buy Life Insurance

No matter what stage you are at in your life, whether starting a family, beginning a business, or getting ready for retirement, Texas life insurance is a fundamental need. It protects your heirs from the unknowable and helps them through an otherwise difficult time of loss.

At the Wilkerson Insurance Agency we're here to help you navigate your way through one of the most crucial policy decisions you will ever have to make in your lifetime; we vow to secure you a tailored Texas life insurance plan you can rely on.

According to an article in, life insurance can provide you peace of mind knowing that money would be available to protect your family and estate in a number of ways, including:

1. To Pay Final Expenses
The cost of a funeral and burial can easily run into the tens of thousands of dollars, and you don’t want your spouse, parents, or children to suffer financially in addition to emotionally at your death.

2. To Cover Children’s Expenses
Like most parents, you will want to be sure your kids are well taken care of and can afford a quality college education. For this reason, additional coverage is absolutely essential while your kids are still at home.

3. To Replace the Spouse’s Income
If you’re married and both you and your spouse work, if your spouse passed away while your kids were young, you would’ve needed to replace their income, which was essential to our lifestyle. You also would possibly have needed to hire help for domestic tasks you shared like cleaning the house, laundry, cooking, helping with schoolwork, and carting kids to doctor’s visits.

4. To Pay Off Debts
In addition to providing income to cover everyday living expenses, your family would need insurance to cover debts like the mortgage so they wouldn’t have to sell the house to stay solvent.

5. To Buy a Business Partner’s Shares
If you’re a business owner, involved in a business partnership, you need insurance on your partner’s life. The reason is so if they die, you will have enough cash to buy their interest from their heirs and pay their share of the company’s obligations without having to sell the company itself. Your partner would have the same needs (due to the risk that you might die), so they would likewise need to purchase insurance on your life.

6. To Pay Off Estate Taxes
Estate taxes can be steep, so having insurance in place to pay them is essential to avoid jeopardizing assets or funds built for retirement. Use of insurance for this purpose is most common in large estates, and uses permanent (rather than term) insurance to ensure that coverage remains until the end of life.

Don’t leave the future of you and your loved ones to chance. Wilkerson Insurance Agency can help you find the right Dallas life insurance coverage for you, and help ensure that your policy continually meets your needs. Start your life insurance quote today.                                                                                                                                                          Coppell, Tx | Phone: 214-501-9613