Chances are, you need life insurance

Almost 9 in 10 Americans agree that most people need life insurance, yet only 60% say they have it¹.

There are many types of life insurance, but for all of them the bottom line is the same: They pay cash to your family after you die, allowing loved ones to remain financially secure. Life insurance payments can be used to cover daily living expenses, mortgage payments, outstanding loans, college tuition and other essential expenses. And, importantly, the death-benefit proceeds of a life insurance policy are almost never subject to federal income taxes.

If you’ve worked hard to establish a solid financial framework for your family — including investments, home equity, a savings plan, retirement accounts — life insurance is the foundation upon which it all rests. It can guard against the need for your loved ones to make drastic changes to future plans when you die. Certain types of life insurance even have a built-in cash-accumulation feature that can help you reach savings goals.

If someone depends on you financially, you probably need life insurance. Here are some examples of specific life stages or life events that might trigger the need for life insurance:
– Getting married
– Becoming a parent
– Purchasing a home
– Changing jobs
– Retiring or planning for retirement

A AAA insurance agent can answer your questions and help you find a policy that’s right for you, as well as update your coverage following a life change. Stop by your local AAA store, call 800.222.6446 or visit to find an agent who can help.

¹The 2016 Insurance Barometer Study, Life Happens and LIMRA

Jessica Barga is a Brand Management Coordinator for AAA Ohio Auto Club.

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