Life insurance is an easy, inexpensive way to protect your family – and your business.

Individual life insurance is perhaps the most overlooked – and yet the most important product any of us can buy! With a life insurance policy, you can lock in a favorable financial future for your loved ones if you can’t be there for them.

If you are a business owner, proper life insurance planning for yourself and other key people can make sure the business is able to continue if the unthinkable happens.

(Scroll down to learn more, including the most important decisions when buying life insurance.)

How can life insurance protect you?

Use the yellow hot spots and explore how life insurance can help protect against common risks.

Providing for Your Family

Risk Factor

Raising a child is a rewarding and important life experience. It is also very expensive. The average cost of raising a child, born in 2013, to age 18 is more than $300,000. If you were to die tomorrow, would your spouse be able to provide food, clothes, daycare, and eventually college tuition for your child? In 2013, the average cost of tuition, fees, room and board for a private college was $41,412 per year.


Having life insurance could secure the future for your children if you have an untimely death. With a life insurance policy, there would be enough income to help pay for everything your child could need while growing up.

Mortgage Payments

Risk Factor

After your death, any outstanding debt and financial obligations do not disappear. Your home is probably the costliest and most significant property you own. A mortgage payment is a large burden for a widow or widower to carry.


A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on the home and car(s).

Auto Payments

Risk Factor

Many families lease or finance their automobiles these days. If the primary earner in the family were to die, the family could be left with outstanding car payments for years to come.


A life insurance policy would allow your spouse or children to pay off your outstanding debts and spare them the stress of making monthly payments on your car(s).

Funeral Costs

Risk Factor

The average funeral costs about $10,000. That high price is for standard things, not unnecessary options or luxurious services. A death in the family is stressful enough; why add the hefty bill of a funeral to that stress?


A life insurance policy can easily cover the cost of a funeral. Your family will be able to think of you and have peace of mind without being burdened by funeral costs.

Protecting Your Retirement Savings

Risk Factor

Once you retire, you will be living off social security, and if you are lucky to have them, a pension or retirement fund, too. But what if the surviving spouse has been relying on you to fund retirement for the couple? Premature death of an earner can affect sources of retirement benefits such as Social Security benefits.


Life insurance can help support a surviving spouse during his or her retirement.

Protecting Your Small Business

Risk Factor

If you passed away, would your business suffer? There are many complications and financial issues that can arise due to the death of a business owner. Many people overlook this predicament.


A life insurance policy can keep a business moving along even during tough times, such as the loss of the business owner/partner. Key person life insurance is payable to the company and provides money for training and hiring of a new employee. A buy-sell agreement, funded by life insurance, allows the other partners in the business to buy the deceased’s share of the business, which will provide money for his or her family.

Spousal Support / Income Replacement

Risk Factor

Many people mistakenly think that they don’t need life insurance if they don’t have children or if their children are grown. However, your financial responsibilities fall to your family when you are gone.


Life insurance can replace the income you would usually bring in and help support your spouse or adult children. Keeping your loved ones living in the way they are accustomed to is an important thing to think about.

The most important decisions when buying life insurance are:

  • how much coverage is needed
  • and for how long?

Young parents may want a larger policy when their kids are little. They may want to make sure the mortgage is paid off, and there’s enough money so their spouse doesn’t have to rush to work to pay the bills. Retired people may want a smaller policy amount to provide ready cash for burial expenses.

Business owners may want a policy to allow the purchase of a partner’s share of the business, and to cover expenses of recruiting, temporary help and possible revenue loss. These are only a few of the many reasons people purchase life insurance policies – at any age!

What Happens When a Key Person Dies?

Are you willing to answer the toughest question?

Find Out
Is it Time to Rethink Life Insurance

There are many different kinds of life insurance. There are even policies available for people with significant health problems. Each type of insurance has its own pluses and minuses. From term life, to universal life and whole life, we’ll be happy to talk you through the options.

The premiums you pay depend heavily on your age and medical history, along with the amount you want the policy to pay out. So, it’s important to seek expert advice before committing to life insurance.

Contact us and we’ll walk you through!

Let’s discuss your life insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate life insurance solution. There’s no obligation, just good-old-fashioned advice.
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Carnahan Insurance Agency offers comprehensive life insurance in San Antonio and throughout the state of Texas.