It’s true, having life insurance in place gives you and your family future security. Anytime that the subject of life insurance is brought up, people flee the room. Well, no seriously, they may not leave the room, but they are uncomfortable with the subject. It brings home the fact to them that everyone is mortal. No one wants to spend time speculating when they will die or even what illness may end their lives. It’s better to look ahead with joy and enthusiasm, and leave the dark and dreary things to someone else.
Good idea perhaps, but this still does not deal with the fact that life insurance is protection for you and your family for the future in case something happens to you. It’s an “investment” in your life and one that you will want to pay forward for this generation and the next (should you have children). This is especially vital if you are the primary breadwinner for the family. If something happened, what would your family do? In other words, put yourself in their shoes and figure out how you would carry on without someone you loved supporting you financially.
It’s a fact of life that our choices tend to affect our health. If we make questionable choices, then it’s to be expected that our health is also questionable. Put another way, we don’t know what will happen to us in the next minute or hour, and we don’t know when we might fall victim to a deadly accident or illness. If you want your family cared for and you are not there to do it yourself, then life insurance is the answer.
Something else you also need to consider is that death is pricey and may include hospital bills, medications, therapy bills,and so on. These bills will still arrive if you don’t make it through your ordeal alive. They will also have the cost of the funeral on top of the bills from the hospital. If your family doesn’t have life insurance to count on, they will face an enormous uphill struggle to manage this death debt. If you think life insurance is expensive, try forking out money to pay death expenses. It is a real eye-opener. Nothing says that you have to have the most expensive policy with all the bells and whistles, unless that is what you want and can afford. Most life insurance companies worth their salt realize not everyone is a millionaire and price their policy offerings accordingly. This means you can shop around for the lowest premium that offers the maximum amount of life insurance. And yes, it can be done by speaking to an expert life insurance broker who genuinely has your best interests at heart.