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.