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Many individuals mainly think of life insurance as protection for families with children. However, once children grow up and leave home, “empty nesters” should consider the remaining perks of securing a policy. There are quite a few reasons why maintaining life insurance is beneficial well into middle and old age.

·         Supporting your dependents: If you provide for your parents or a disabled family member, life insurance will continue to support them in the event that you pass away. It also offers crucial financial support to your spouse. Some married couples depend on two combined salaries to pay for financial commitments, such as mortgages or loans. If one spouse dies, life insurance enables the other to continue meeting those commitments.

·         Social security: Once a couple begins collecting social security benefits, their income is often lower than when one or both of them were working and collecting a salary. If one spouse dies, that lowered income will become even less. Life insurance can offset this income drop. Additionally, if a widow(er) begins collecting social security survivor benefits before reaching the benefit age, the benefit amount is permanently reduced. And because the spouse died early, he or she did not receive salary raises over the years that may have boosted the benefit amount further. Life insurance can offset these “lost” wages.

·         Planning for death: Young adults generally don’t plan for the possible event of an early death, including savings to cover the funeral and burial costs, estate taxes and final medical expenses. Life insurance will alleviate the financial burden of your family in a time of tragedy.

·         Leaving money to heirs and/or charities: If you want to ensure an amount of money is left to heirs or charities upon your death, you can assign them as beneficiaries of your life insurance policy.

Life insurance is useful and appropriate for people of all ages. Call HomeStar Insurance Services at (815) 929-2200 for more information on Bourbonnais life insurance.

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Scott and Rhonda
435 E. North St.
Bradley, IL 60915
Phone (815) 929-2203
Fax (815) 929-2207
Ted, Michelle & Genya
576 Latham Dr.
Bourbonnais, IL 60914
Phone (815) 929-2200
Fax (815) 937-3885
Jim, Josh, Brittnee & Aimee
303 Section Line Rd.
Manteno, IL 60950
Phone (815) 468-8763
Fax (815) 468-7563
Brian and Jacci
303 Section Line Rd.
Manteno, IL 60950
Phone (815) 468-2776
Fax (815) 468-2371
Suzie, Cheryl, & Kristina 
255 E. Station Street
Kankakee, IL 60901
Phone (815) 352-4655
Fax (815) 932-6744
Josh
25640 S. Gougar Rd.
Manhattan, IL 60442
Phone (815) 468-8763
Fax (815) 468-7563