Sometimes, factory workers or trades workers know they should probably have life insurance to protect their families, however when the budget is tight every month, it can be tough to justify paying policy premiums. But, that’s exactly why life insurance matters so much.

If you were to die prematurely, having a life insurance plan in place can provide a financial safety net for your loved ones, to help replace your lost income for a period of time and pay off debts. Funeral and burial/cremation costs can also be a burden for those without life insurance. Life insurance can provide funds so your family could continue paying the mortgage or rent and other monthly obligations, and wouldn’t have their lives upended financially at a time when they’re grieving your loss.

There has also been research suggesting that blue collar workers, regardless of age, tend to be in worse health than white collar workers. Life insurance policy premiums are based in large part on your attained age and health when you apply for coverage, so there will never be a better time than the present to explore coverage options and affordability.

The amount of coverage you need will depend on your current financial and family status, as well as any anticipated changes in the future (i.e. anticipated marriage, possible future children, etc.) Policy affordability will depend on a number of factors, but when you work with an experienced insurance professional, they can work closely with you to develop insurance strategies that will meet your needs without breaking your budget.

To learn more, work with a licensed insurance agent who can help guide you through every step of this process. Contact Christopher Ferguson Insurance LLC in Tyngsboro, MA today at (617) 388-3198 or use our online form here.