CSP Insurance Services Home Page
  • Home
  • Get A Quote
    • Annuities
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Workers Compensation Quote
      • Employment Practices Liability Insurance
      • Technology Errors & Omissions Coverage
    • Condominium
    • Flood
    • HealthImage of right arrow
      • Health Insurance Quote
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Homeowner Flood Quote Form
    • Life
    • Motorcycle
    • Renters
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
  • Claims
    • Automobile
    • Business & Commercial
    • Homeowners
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
    • Frequently Asked Questions
    • News Center
  • About Us
    • About CSP Insurance Services
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
Alternate Content
Commercial Personal Life & Health Real Estate Get A Quote
Home > Blog > Ways Your Survivors Can Use Life Insurance Payouts
FRIDAY, MARCH 30, 2018

Ways Your Survivors Can Use Life Insurance Payouts

CasketLife insurance is a great way to help your survivors after you die. When you are gone, you won’t be able to provide for them physically. However, you can leave behind a legacy that will benefit them for quite some time.

In reality, there are no limits to ways your survivors can use your life insurance benefits. However, most policyholders want this money to settle large expenses. Life insurance might prove invaluable to many costs arising after someone’s death.

Popular Uses for Life Insurance

It’s unfortunate, but when you die, you’re still going to cost money. Living is not free, nor is dying. Effective life insurance can help your survivors better manage your final expenses. They might use a claims payout to:

  • Pay funeral bills. The average funeral these days can cost well into the five-figure range. With life insurance, families won’t have to run up a significant debt to give you a fond farewell. Remember, processing a claim might take a few weeks, or even longer if survivors face issues with the insurer. You might not have the money immediately for the funeral.
  • Cover medical costs. End-of-life care, whether sudden or expected, is expensive. Even if you have health insurance, you might have residual costs. Insurance might help settle hospital, home care and other bills that remain after a death.
  • Supplement Family Income. Should you die with dependents, like a spouse, children or grandchildren, you want to take care of them. A life insurance claim can help the family replace some of the income you can no longer provide. It might help them better settle their own expenses.
  • Support Your Children. Should you leave behind child dependents, they might need financial care which they cannot provide themselves. Your life insurance can help children have the money they need to live a comfortable life.
  • Settle debts. Even after you die, your debt remains. Credit cards, mortgages, car notes, excess bills—you don’t want those to take a bite out of your family. They might be able to use your claim to settle these debts. One thing about life insurance is that, usually, debt collectors cannot claim the money until after your family receives it. Therefore, you can ensure your family gets the full claim, but that they can use it to pay debt.

Your death will strike a blow to your survivors, and they might need financial help in to recover. Therefore, let life insurance be a cushion to help them avoid any unfair penalties. Talk to one of our agents to determine which Florence SC life insurance coverage is right for you.

Posted 5:45 PM

Tags: insurance, life insurance, funeral bills, florence, south carolina
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2012

  • insurance(75)
  • south carolina(49)
  • florence(48)
  • auto insurance(15)
  • home insurance(12)
  • business insurance(11)
  • life insurance(10)
  • lawson walker(9)
  • homeowners(7)
  • commercial insurance(6)
  • general liability insurance(5)
  • commercial auto insurance(5)
  • business owners(4)
  • workers compensation insurance(4)
  • property insurance(4)
  • health insurance(4)
  • coverage(4)
  • boat insurance(4)
  • condo association(3)
  • sc(3)
  • saving money(2)
  • policy(2)
  • distracted driving(2)
  • flood insurance(2)
  • storm damage(2)
  • stay at home(2)
  • texting(2)
  • driving(2)
  • motorcycle insurance(2)
  • general liability(2)
  • car insurance(2)
  • texting and driving(2)
  • renters insurance(2)
  • cyber insurance(2)
  • affordable care act(2)
  • teen drivers(1)
  • consequences of drinking and driving(1)
  • epli(1)
  • workers(1)
  • term life insurance(1)
  • business income insurance(1)
  • media liability(1)
  • good health(1)
  • comprehensive coverage(1)
  • medical history(1)
  • driving mistakes(1)
  • coinsurance(1)
  • deductibles(1)
  • liability(1)
  • auto collisions(1)

View Mobile Version
CSP Insurance Services |
2420 Hoffmeyer Rd, Suite D | Florence, SC 29501
| Ph: 843-519-2557
Facebook Twitter LinkedIn Google+ Blog RSS Feed