LEAVING A LEGACY OF LOWER DEBT | ASK THE EXPERT

If you are anything like us, you have burning questions that you want answered. That’s what the Ask the Expert series is all about – it’s a chance to get questions answered by local experts.

Today, we’re turning to our friend Ruth Ahnen with Modern Woodmen of America. She is answering a question that many of us have – how can we protect our family’s future? (Spoiler: It begins now.)

 

 

There was a widow who sold her home six months after her husband died. The woman told her neighbor she was moving from the neighborhood because she couldn’t afford the mortgage, credit cards and car loan without her husband. Jason was unsettled thinking debt could force his family into the same predicament.

Seven out of 10 U.S. families with children under age 18 would have trouble paying their bills immediately or within a month or two if the primary wage earner died unexpectedly. (Source: LIMRA, Nov. 2010)

If you died, what would your family have to give up to make ends meet?

Life insurance can provide peace of mind for you and the loved ones you leave behind. The income tax-free death benefit can help pay for housing and debt.

Life insurance can also help pay for:

  • Final expenses – Funeral costs, doctor and hospital bills, attorney fees and other probate costs.
  • Necessary living expenses – Food, clothing, education, day care, utilities, transportation and insurance. • Emergencies – Home and auto repairs, uncovered medical and dental expenses, temporary layoff, or
    helping a parent or adult child in need.
  • Miscellaneous living expenses – Vacations and recreational dues and fees.

Make time now to find flexible and affordable life insurance options for your family. A variety of plans are available to fit your unique situation.

The more you learn about your options, the better prepared you can be to select the type of life insurance that’s best for you and your family.

Ruth Ahnen is a financial representative with Modern Woodmen of America. She helps individuals, small businesses and families to plan for a secure financial future.

Disclosure: Thanks to Ruth  for sponsoring today’s post. We at QCMB love working with local businesses to share positive information and make our community a better place to live, work and play.

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