What are the benefits of life insurance?

Discover the benefits of life insurance. Financial advisor Emily Halal shares four reasons why she loves life insurance and how it can benefit you and your family, including financial protection for your loved ones, replacing your income, paying off debts, and funding your children's education.
For more about insurance💡visit: www.northweste...
Get matched with the right advisor today 🤝: www.northweste...
Subscribe to learn more about Northwestern Mutual on RUclips: / northwesternmutual
Connect with Northwestern Mutual 🔗:
● Follow on Facebook: / northwesternmutual
● Follow on Instagram: / northwesternmutual
● Follow on LinkedIn: / northwestern-mutual
● Follow on TikTok: / northwesternmutual
**
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a comprehensive planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. Northwestern Mutual delivers financial security to more than five million people with life insurance, disability income and long-term care insurance, annuities, and brokerage and advisory services.
**
Transcript:
I love life insurance. There’s a lot of benefits to owning life insurance. Number one, you make sure that your family is taken care of financially, if you were to pass away. Number two, your income stream is replaced so that your family doesn’t have to kind of go live a different lifestyle than the one you guys have. There’s a lot of benefits that life insurance holds. Number one, if you pass away, your family is taken care of with a lump sum, tax-free check in their hand. Number two, you’re replacing your income stream for them. You know, oftentimes I see a death occur and the family has to adjust their financial lifestyle because they haven’t planned accordingly, so the death benefit from the life insurance payout helps your family maintain that lifestyle that you guys have created together. Number three, helps your family pay down all of the major debt. Whether it’s mortgage notes, car payment, student loans, credit card debt, it’s so nice to be able to just eliminate these debt items when you’re emotionally grieving a loss. And the fourth thing is sending kids through school. Paying for their education. You know, it’s not cheap. And tuition is going up 5% on an annual basis, which is just crazy, so it’s just awesome that a death benefit payout can allow you to send your kids fully through school without them having to go on loan.