The topic of life insurance is one that sometimes makes people uncomfortable. Very few of us want to think about the inevitable fact that eventually we will pass on from this world. Although it is an uncomfortable subject, it is also very necessary if you want to ensure that your loved ones are provided for after you pass on. While purchasing an insurance policy is a personal choice, if you can say yes to any of the following questions, purchasing an insurance policy would be a wise course of action. Even if you don’t intend to purchase a policy right away, now is the time to begin comparing life insurance quotes.
Are you married?
It is mistakenly believed that there is no need for life insurance until you have children. This is definitely not true. If either you or your spouse died, would the surviving spouse have enough for funeral expenses, credit card debts, mortgage payments, or even monthly utility bills? Even if you don’t have children, the death of a spouse can place serious financial burdens on the surviving partner. Once you have children, the need for insurance becomes even greater. To ensure that you can get the best rates, start obtaining life insurance quotes well before you are expecting.
Are you a single parent?
Single parents play many roles: breadwinner, caregiver, chauffeur, and much more. Single parents are often on a limited budget and the extra money for life insurance just isn’t feasible. Without a spouse to rely on however, it is doubly important that you have insurance to safeguard the financial security of your children in the event that you die unexpectedly. Even a busy parent can take advantage of the many free life insurance quotes available online.
Are you a stay at home parent?
The fact that you don’t earn a paycheck doesn’t mean that you don’t contribute the family budget. Everyday things such as cooking, cleaning, childcare, and other household tasks are often underestimated. In the event of your death however, the cost of hiring someone to do all these things would amount to a great deal of money. Having life insurance allows your family to make the choices that are best for them.
Even if you are single, have no children, and no real obligations, while you may not actually need life insurance, it is still a good idea. You may not have anyone to provide for, but in the event of your death, the cost of your final arrangements still needs to be paid. In addition to that, if there are medical expenses or outstanding debts, someone will be held responsible.
Realistically, everyone should have at least enough life insurance to cover the cost of their funeral or other interment. Life insurance quotes are available online, through an insurance agent, and often even by phone. Don’t let your loved ones suffer financially during what is an already devastating time. Purchasing life insurance is one of the most important steps you can take in life.