You’ve decided a degree is calling your name. Make sure your policy is enough to cover these at the minimum. You hopefully don’t have any debt to worry about and the only expenses upon your early demise would be funeral costs. Now is the time to purchase your first life insurance policy. While you might still be under your parent’s health insurance for a few more years, most child life insurance riders expire at age 18. If you’re starting a career, chances are you’re out of high school and of legal age. Do you start a career right away or head off to college? The game starts off with a tough decision. As you come across these spaces in real life, it’s time to think about life insurance.
Let’s dive into the game board and see what spaces we come across. But in real Life, you have to do things right the first time. In the game of Life, you can just start over when things don’t go as planned. That is why it’s so important to buy now. What will this mean for your family? Will it lead to a life of struggle or will you leave behind a legacy to provide for them when you are no longer around to do that yourself? That’s what life insurance does. You can be perfectly healthy and ready to tackle the world one day only to discover on the next that you have a terminal illness, get hit by a bus, or have some other major accident that ends your life. It’s your way to letting them know that you care enough to provide for them beyond your life. Life insurance provides you with one final act of love to leave with those you’ve left behind. It can even help pay your medical bills if you suffer from a prolonged illness. Your life insurance policy can do all the things above and cover the costs of your burial and other final expenses. This should offer you the peace of mind well worth any discomfort you feel dealing with a difficult subject. While it is difficult to think of your family dealing with the usual struggles of life if you aren’t there to help them through, a decent life insurance policy can help them with the financial means to make it through many of the struggles they will face. Life insurance buys your spouse time to grieve and options to consider. If you don’t have a life insurance plan, your spouse may be forced to make decisions out of necessity rather than thoughtful deliberations and what is right for the family. Your spouse will need to take time off work to comfort the children and make thoughtful plans for their future. In the hours and days after your death your family will experience a great deal of grief. Gives your family time to make thoughtful decisions
Life insurance helps to pay things like mortgages, auto loans, and credit cards off so that your loved ones are unburdened by those debts. Someone else inherits them on your behalf (your parents, spouse, or children). Your debts don’t evaporate once you leave this world. (Read about the different types life insurance ) Whether you purchase a term life, whole life, or universal life policy is not nearly as important as the fact that you provide life insurance protection for your beneficiary during the times they need this protection most. While something few people like to think about, buying life insurance is one of the most important things you can do for your family. One realistic feature of the game was insurance policies, except one type was missing. The only difference is that the people were plastic, the money wasn’t worth anything, and you could always start over. When big life events happened, you remembered the same events happening in the game. Did you ever play the game of Life as a kid? Did you smile as you drove your little car around the board, taking in the ups and downs, racing your friends to the finish line?Īs you got older, maybe you realized Life wasn’t that different from real life.
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