333 Centerville Rd,
Warwick, RI 02886
Life insurance is a product that a majority of adults should have. Although, some people do not have this type of insurance because they do not understand what it is, and why it is important. At The Slocum Agency, Inc., serving the greater Warwick, RI area, we want you to know why and how life insurance is essential.
Life insurance policies serve two purposes. The first is to cover your final expenses. When you die, funeral, burial, or cremation costs can be high. The policy helps to ensure this burden is not on your family. The second purpose is to provide your family with money they need to cover the lost income or pay for the tasks you completed around the home. This ensures that they can continue to keep the home they live in and pay off any left over debt.
Most people recommend purchasing life insurance when you go through significant changes in your life. This includes buying a home, getting married, or having a child.
As you go through life, you will find that your life insurance needs change. When you are married and buy a Rhode Island home, your policy needs will differ from someone who is married and is expecting their third child. Likewise, your needs may change after you send your last child off to college and become an empty-nester. An insurance company can look at your situation and help you determine if you should raise or lower your insurance coverage to ensure you have the life insurance policy that best meets your needs.
If you do not have life insurance in Rhode Island, now is the perfect time to get started on purchasing a policy. Contact The Slocum Agency, Inc., serving the Warwick, RI area, today and let us help you get the life insurance coverage you need.