Do you view having a life assurance policy a necessity, or just an unneeded expense? There are actually many benefits to having life assurance. A life insurance policy can provide protection to many areas of life in the event of death and offer peace of mind while you are still enjoying life. If you have a family or significant other, a life insurance policy can offer a way for those who are still living to remain in the same home and with the same standard of living due to maintaining lost income and paying the remainder of the mortgage. If minors are still living at home, it is important to make sure that they will be provided for in the case of a parent’s death, especially if that parent is the sole provider of the family income. Money from a life insurance policy can also be used to pay for final costs such as funeral expenses and estate taxes, so that loved ones don’t need to worry about extra expenses at such an unfortunate time of grief. Those who are single sometimes feel that life insurance does not pertain to them, but final costs such as funeral costs pertain to everyone, regardless of age or marital status. Applying for a life assurance policy at a young age has many benefits as well. It is usually relatively easy to obtain a policy with low premiums while in a healthy young state. It becomes more difficult and more expensive to obtain a life insurance policy as age related ailments occur. People often avoid starting a life insurance policy because they feel uncomfortable referring to their own death, they think it will be time consuming, or they think it will be unaffordable. There are, however, many qualified professionals and tools available to make the process a seamless one. For example, the State Farm website offers a life insurance calculator that helps interested parties decide what type of policy is a good fit for them after just a few clicks and answering questions about demographics, housing, kids and college, and loans and assets.