The Importance Of Having Life Insurance For Your Family’s Security

Life insurance is a topic that we don’t like to think about, much less discuss.  While that feeling is understandable, it is very important that we do just that.  Too much is riding on the risk if we don’t.

When a couple does not have life insurance and the unthinkable happens, the family is left destitute and facing not only their deepest grief but financial crisis as well.  Life insurance is very important.  You need to consider what would be missing from your family’s income if either you or your spouse passed away.  Could the remaining family members survive financially?

You want to factor in the income that would be missing yearly if one of you passes away, as well as the costs that it would take for burial.  Yes, this is a difficult subject but it is part of being a responsible adult.  You need to make these preparations for your loved ones.

A lot of times we realize the importance of having life insurance on the husband of the home because he is often the main breadwinner.  The importance of life insurance in that situation is easily seen.  But did you ever stop to think about how important it is for a wife to have life insurance?  Even if she is a stay at home mother you need to factor in the income that she would make if she chose to return to the work force when the children are in school.

Factors to consider having life insurance cover include enough money to pay off the mortgage and money for the children’s college education.  Purchasing life insurance for your family is a way you can tell them you love them for years to come if something does happen that you aren’t there to say it.  Do what is right for your family and look into life insurance today.

 

Add Comment

Banking Budgeting Credit Cards Insurance Investing
Where's My Refund IRS?
Where’s My Refund? New Mexico Woman Asks IRS For Billion Dollar Income Tax Refund
How To Refinance Your Mortgage
Is It A Good Idea To Refinance Your Mortgage?
10 Situations When It’s OK to Tap Your Emergency Fund
Managing and Budgeting Finances When Your Child Has a Disability
Simple Ways to Teach Even Young Children the Importance of Money Management
The Necessities and Niceties of Baby Gear
What Your Kids Really Need to See From You: An Actual Guide That is Not Bogus
Entertainment Fashion Technology Travel
20 Things You Didn’t Know about Demi Lovato
How To Fly First Class For Less
How “Healthy” is Your Job? Signs That Your Job is Hurting You
Little Girl Calls 911 After Mistakenly Touching Her Elf on the Shelf
rewards from airlines
Airlines Shift From Miles to Price-Based Rewards
Man Builds a House Outside Store To Camp Out For Black Friday
No Preview
Transgender Teen Uses the Girls’ Locker Room and Now Her Community is Up in Arms
Cats Dogs
Stray Dogs And Cold Weather: Lend a Helping Hand
how much should we spend on our pets?
How Much Should You Spend On Your Pet?
Boxer
The 20 Most Loyal Dog Breeds