For most, life insurance is not something anyone wants to think about. Some people may feel uncomfortable talking about such a sad stage of life. However, that kind of mindset can leave a person unprepared should something unexpected and tragic strike us or a loved on. Sometimes it isn’t until there is a sudden death of a friend or relative that serves as a wake up call to get life insurance.
Buying life insurance is often more straightforward than people realize. It is flexible, affordable coverage, and it can make a big difference when you need it most. No amount of money can ever replace a lost loved one. But more than anything, life insurance can help provide protection for the uncertainties in life. Ask yourself what your family would do without you? Where would they go? How would they survive without your life insurance? Life insurance enables you to take a deep breath and know that your family will be able to survive without you. The coverage amount has no cash value and isn’t tied up in investments, so you know exactly what your family will get and they won’t pay income taxes on it.
Many young people don’t think they need life insurance, but even young people can have major debts, such as outstanding student loans. Life insurance can help protect your loved ones against a serious loss. Many people also think if they get social security they don’t need life insurance, but with rising medical costs, social security may be too little to care for a surviving spouse. Life insurance can significantly help.