Is life insurance something we always think about or do we simply take
care of it and move on with our lives?
As we navigate the adventure of living there are certain inevitable challenges which must be addressed at some point in time.
You are just getting married or preparing for a new baby or, on the other hand, you may have been married for a while and have grown children.
You face the everyday enjoyment of living together.
There are some difficulties but you, through force of will, overcome them. You each want a better life for the family. Your goals will be met but what if a breadwinner should die?
Will Your Family Be Fully Protected If You Should Die Suddenly? Make sure - Shop And Compare Quality Premium Quotes From Carriers Rated A+ Or Better By A.M. Best. Save Up To 70%!
Buying life coverage
is never a one time experience for one who has the protection of a
family as a primary responsibility, or should I say for one who is aware
of the need to protect the family in case of death.
The husband needs to consider providing sufficient income for his wife and children in the event of his death. Certainly, he would want the family to live in the same house even if he is no longer there to enjoy it with them. He would want them to continue as if he was still there.
What about the wife specifically. Would he not want her to be as
comfortable as possible after he has gone. We have a saying in the life
insurance business which goes as follows."
No man has a right to accustom a woman to a certain standard of living unless he intends to see that she continues enjoying it even after his death". A man should not only provide for his family while the children are young but should also provide for his wife for the rest of her life. I repeat, for the rest of her life. I believe this is his duty and, above all, a true expression of his love for his wife.
Now, should a wife have insurance coverage
on her life as well? You bet she should! In today's world wives are out
there working as hard as husbands in order to provide the best for the
family. The standard of living that most families enjoy result from the
efforts of two working parents, not only the husband.
If the wife should die before her husband the lifestyle of the family always changes. There are certain challenging adjustments that need to be made. In some cases, as a direct result of her income being no longer there, the adjustments are quite drastic.
If, however, there had been a policy sufficient to replace a good portion of her income life would be much easier for the survivors. Money cannot replace a good wife and mother but it can certainly ease the burden of such a loss.
As we go through life most of us juggle money to meet the financial needs of the family. It is quite possible that we will continue to do so if our life's partner is no longer there to share the adventure of it all. Should we not make it a little easier for the survivors?
I have only one suggestion. I recommend this because I have seen too many good intentions come to naught. Take the time to thoroughly plan your life insurance portfolio and where wise use the policies to provide income instead of lump sums.
Planning for family protection through life insurance should be
an annual procedure. As you progress you may need to make adjustments to
If you need advice consult a qualified Financial Planner not some well meaning friend who doesn't know all s/he needs to know to make an educated decision on your problem. Talk to an expert, give him or her all the relevant facts and make your decision based on the advice you get.
Compare Low Cost Rates From Hundreds Of Carriers Rated A+ Or Better By A.M. Best And Save. Click Here!
Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.
Whole life insurance is the plan of choice for many people. There are many variations to this plan.
Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.
Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?
In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.