No person is an island unto themselves – everyone is part of a bigger picture. So, even if you’re single, and no one is presently relying on your income to survive, you can still develop a plan to benefit others with your generosity. Life insurance can be a strategic part of this plan. Why should you buy life insurance with no family beneficiaries to designate benefits to? There are many reasons.
Generosity Has Many Faces
Kindness knows no bounds. It is the living fabric of community. You can demonstrate kindness through actions, while you are alive, and you can perpetuate it through legacy. Consider the many potential beneficiaries of your generosity through life insurance:
- Your place of worship
- Your favorite charities
- Local businesses and organizations
- Institutions of learning
- Your friends
- Others in need
These are just some of the many people and organizations in your community, whose lives and work you can positively impact. In addition to these, you can demonstrate your concern for others by covering the costs associated with your own funeral and any outstanding debts through life insurance.
The bigger picture is an amazing work of art, and your life is integral to the composition. A solid life insurance policy can be a compelling element of the color palette.