{"id":71,"date":"2019-12-30T04:00:00","date_gmt":"2019-12-30T10:00:00","guid":{"rendered":"https:\/\/www.fivestarins.com\/blog\/?p=71"},"modified":"2019-12-30T21:39:25","modified_gmt":"2019-12-31T03:39:25","slug":"how-can-beneficiaries-use-life-insurance-benefits","status":"publish","type":"post","link":"https:\/\/www.fivestarins.com\/blog\/how-can-beneficiaries-use-life-insurance-benefits\/","title":{"rendered":"How Can Beneficiaries Use Life Insurance Benefits?"},"content":{"rendered":"<p>Whether you&rsquo;re supporting a wife and children or helping aging parents through retirement, a life insurance policy from Five Star Insurance Agency in Fords, NJ can help those you love upon your unexpected demise. Here are a few ways your beneficiaries can use life benefits to carry on after you&rsquo;re gone.<\/p>\n<p><strong>Pay Outstanding Debts<\/strong><\/p>\n<p>If you&rsquo;ve taken out a mortgage, car loan or private student loan with a loved one, he or she will be responsible for repaying that loan after you&rsquo;re gone. Life insurance benefits can help cover these loans so your loved one can start with a clean slate for the future.<\/p>\n<p><strong>Cover Daily Expenses<\/strong><\/p>\n<p>Life benefits can help pay for daily expenses that your paycheck used to help cover for your family. This includes rent\/mortgage payments, food, clothing, school needs for the children, doctor visits, utility bills, etc., to help your loved ones carry on.<\/p>\n<p><strong>Pay for College<\/strong><\/p>\n<p>If you have children, life benefits can be put into a trust to help pay for their college expenses after you&rsquo;re gone. A college degree can help your children kickstart a successful career to enhance their future.<\/p>\n<p><strong>Supplement Aging Parents Retirement<\/strong><\/p>\n<p>Life benefits can help supplement your aging parents&rsquo; retirement. If you&rsquo;ve been providing financial support to your parents while you were alive, you can have peace of mind that they will continue to be taken care of after your demise.<\/p>\n<p><strong>Pay Your Funeral Costs<\/strong><\/p>\n<p>If you&rsquo;ve not made prior arrangements for your funeral expenses, life benefits can help cover these costs so your spouse or remaining relatives don&rsquo;t have to assume this financial burden.<\/p>\n<p>These are just a few of the many ways a life insurance policy can benefit those you love. To learn more about life insurance options and costs, contact us at Five Star Insurance Agency in&nbsp;Fords, NJ.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you&rsquo;re supporting a wife and children or helping aging parents through retirement, a life insurance policy from Five Star Insurance Agency in Fords, NJ can help those you love upon your unexpected demise. Here are a few ways your beneficiaries can use life benefits to carry on after you&rsquo;re gone. Pay Outstanding Debts If [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5,6],"class_list":["post-71","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-five-star-insurance-agency","tag-fords-nj"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/posts\/71","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/comments?post=71"}],"version-history":[{"count":1,"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/posts\/71\/revisions"}],"predecessor-version":[{"id":72,"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/posts\/71\/revisions\/72"}],"wp:attachment":[{"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/media?parent=71"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/categories?post=71"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fivestarins.com\/blog\/wp-json\/wp\/v2\/tags?post=71"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}