With the spirit of Halloween coming up, the idea of reaching into a blind bag to get a surprise is enticing. You could pull out a sweet treat from the bag or get stuck with a trick. When it comes to life insurance, you don’t want to leave things up to chance.

If you’ve been born, there is a 100% chance at some point you’ll die too. Hopefully, that’s later rather than sooner in regards to tricks or treats, but either way, you’ll need to be prepared. Here are five reasons to get life insurance now.

Protect Your Loved Ones

Passing away while young is never the trick you want to pull from life’s bag. However, suppose you’re in the middle of raising a family, running a business, or have people in your life who depend on you. In that case, life insurance is a great way to protect them.

In the event of your passing, your loved ones will have to continue their life without you. A good life insurance policy helps give them time to grieve your death, continue meeting bills, and figure out the future in your absence.

Cover Funeral Expenses

Gravestones are a fun and affordable Halloween decoration. One person can have several in their front yard. However, that’s not the reality for an actual gravestone. The cost of funeral and burial expenses add up quickly, with the average casket ranging between $2,000-$10,000.

That’s not to include the other aspects of arranging a funeral and burying a loved one. After your passing, your family has enough to worry about without figuring out how to pay to honor your life. Most life insurance policies payout upon proof of death, and your family can use it to cover these costs.

Pay Off Debt

Another trick you’d never want to chance in the event of a death is passing off your debt. Some debts don’t resolve upon your death and can leave your family in a worse position should they be left uncovered.

A home mortgage is one of those debts. Suppose you pass away while there is still a mortgage note left. In that case, the bank can recover their assets leaving your family homeless and grieving. Most life insurance policies can be purchased with enough coverage to pay off the remaining balance of your home and provide your family with security.

Finance College Tuition

Here’s a treat regarding life insurance: Some whole-life policies offer the ability to borrow against the policy. Your life insurance could potentially pay for your child’s college education. Some policy loan rates would be cheaper than student loans.

It’s Cheaper When Your Younger

Trick or treating isn’t the only thing that’s better when you’re younger–life insurance rates are too. While we’re talking about getting while the getting is good, buying life insurance is more accessible and more affordable while you’re young. If you’re already looking for insurance and are between the ages of 18-40, now is the time to buy!

Final Thoughts

Sometimes life gives good surprises. Other times things are left up to circumstance. Purchasing life insurance while you’re young helps ensure that your family is protected and can continue their lifestyle in the event that you pass away. Speak with one of the experienced agents at PHP agency and see about getting all treats and no tricks.