Why Life Insurance Matters: More Than Just a Policy
Life insurance is one of those topics many people don’t want to think about—but it’s also one of the most important financial tools you can have in place. It’s not just about money. It’s about peace of mind, protection, and providing for the people you love when they need it most.
Whether you're just starting a family, buying a home, or planning for retirement, life insurance can play a crucial role in your long-term financial strategy. Here’s what you need to know.
🛡 What Is Life Insurance, Really?
Life insurance is a contract that provides a tax-free payout (called a death benefit) to your chosen beneficiary if something happens to you. That money can help cover:
Funeral and final expenses
Mortgage or rent
Ongoing living costs for your family
Debts and medical bills
Education costs for your children
Income replacement
In short, life insurance steps in when you no longer can.
💡 Types of Life Insurance: What’s the Difference?
There are two main categories:
1. Term Life Insurance
Provides coverage for a set period (e.g., 10, 20, or 30 years)
Generally more affordable
Ideal for young families, new homeowners, or anyone looking for cost-effective protection
2. Permanent Life Insurance (such as Whole or Universal Life)
Offers lifelong coverage
Builds cash value you can borrow against
Often used in estate planning or as part of a long-term financial strategy
Each type has pros and cons, depending on your goals. A good insurance advisor can help you find the right fit.
👪 Who Needs Life Insurance?
The short answer: almost everyone.
Parents: To provide for children if the unexpected happens
Spouses: To protect shared income and future goals
Homeowners: To ensure mortgage payments don’t burden your family
Business owners: To protect your company or secure a succession plan
Empty nesters & retirees: To leave a legacy, cover final expenses, or manage estate taxes
Even single adults or young professionals may benefit from locking in low premiums early.
💰 How Much Coverage Do You Need?
Everyone’s situation is different, but a common rule of thumb is 10 to 15 times your annual income. You’ll want to consider:
Your debts
Your family’s living expenses
Future education costs
Long-term financial goals
We can help you calculate the right amount—without overpaying for what you don’t need.
❤️ Life Insurance = Love in Action
Buying life insurance isn’t just a financial decision—it’s an act of love. It’s about taking care of the people who depend on you, even if you’re not there to do it yourself.
It’s not always an easy conversation. But it’s one of the most meaningful ones you’ll ever have.
Ready to Talk About It?
At Salt Jacket Insurance, we’re here to walk you through the process—without pressure or confusing jargon. Whether you're exploring life insurance for the first time or revisiting an existing policy, we’ll help you find the right coverage at the right time in your life.
Let’s talk today—because your peace of mind is worth it.