Life Insurance: Get It Now So Your Family Is Protected
No one wants to think about their own death and what that will mean for their family. Even less palatable is thinking about the death of their partner. But it is worth considering at least in terms of financial security.
Because the bottom line is that families shouldn’t be without term life insurance. My dad died when I was nine. He left behind my mother, me and my three older brothers with the oldest being 17.
And he really left us without anything tangible. We had to move house because we lived in a company house and couldn’t stay there anymore. We had to give up our car because that was provided by the company too.
I didn’t really understand what death was about then. It will probably sound selfish, it does to my adult ears, but what I really missed was our old life.
We moved into a cramped and run down council house. It was small and didn’t have much in the way of fences.
This was all salt to the wound of our grief, all these niggly things that had now become our life. I don’t know why my dad didn’t take out life insurance but he didn’t and we had to bear the consequences of that decision for a long time.
Life insurance should be mandatory for all parents. But its not easy coming up with the premiums, paying for a possibility when you don’t have enough to life is difficult.
But you need to remember that life insurance guarantees an income to your spouse and children if you were no longer able to contribute to their welfare like you do now. And surely that peace of mind is worth having, even if it means scrambling around to find the money for your annual premium.
