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Everyone Needs Life InsuranceJul 17 '00 Write an essay on this topic.Talking about life insurance can be a subject that others or even loved ones don't care to talk about.I just feel it is a need that you should have.I bought this matter to my husbands attention and the first thing he ask was am I going to die or what.It is important and needs to be considered by everyone who has someone who depends on them.After doing research on the Term, Variable, and Whole Life,I think the term insurance is the way to go.It's great if your on a tight budget,plus it only for a short term. You have to renew your term insurance at the end of the term at a higher rate,but as you get older insurance decreases as your assets increase and your liability goes down.Since my husband and I are between 41-50, a 15 year policy should be perfect for us.Your rate is locked in for the term and can not increase which makes it very nice.Almost everyone these days have liabilities that they worry about.It is extremely important to add up what bills you have and will they be paid off by an insurance policy upon your death. When my dad passed away 3 years ago,he had no life insurance at all.The funeral bill has fallen back on his children and with money being tight we all pitch in to get this paid.You will find some people just don't want to work with you.This can be a heavy burden that others have to take on because now we are having problems with trying to get our dads tombstone for his grave until this bill is paid off.Thank god he already had a plot or that would have been an extra cost I don't want my children to ever go through this and I stress to my husband that life insurance is a great protection to have.We finally got a terrific plan with term life that we know all our expenses plus the burial cost will be paid.I know the average cost of a funeral is now around $7,000. I highly recommend everyone to consider getting life insurance for peace of mind.It is well worth the extra cost every month to have the protection you need.  |
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