Life Insurance

While you may pay for the premium and have the policy on you, life insurance is a final financial gift you leave behind to those named as beneficiaries at the time of your passing. As long as your policy is current with Pioneer Insurance of Hickory, you can leave your policy behind to help your family in the following ways.

Cover Final Expenses

Many of our clients have a preference for their funerals and services. If you want your final services to be prepared a certain way, make sure your policy has enough funds to cover these expenses at that time. Without it, your loved ones could be strained financially while trying to mourn.

Probate and Estate Fees

If you are leaving behind an estate to your loved ones, it will circulate through the local probate. Make sure you have enough funds to keep this financial burden from your loved ones, as probate will be stressful.

Debt Coverage

If you currently carry mortgages or loans on any property, then you want to have enough funds in your policy to pay off these debts. They will not go away when you pass, so either your loved ones will have to pay the difference to keep the property, or it will return to the lender.

Inheritance

Sometimes you want to leave those you love some money so that you have peace knowing they are cared for when you are no longer here. With an inheritance, they can use the money to cover college tuition costs, a down payment on a home, or their first car, or use it to pay their debts and substantially reduce their financial stress.

Let Us Help You with Your Policy

If you are a North Carolina resident and not sure how much life insurance you need, our Pioneer Insurance of Hickory agents will sit down with you and help you determine how much life insurance you need. Contact us today for more information.