Monday, May 04, 2009

Life insurance - a necessity, not an option

The subject of life insurance came up yesterday in a conversation I was having with a friend. We both made the observation that some families fail to see the importance of having life insurance policies in place. At the very least, the policies should cover funeral expenses.

Most of us who have children also want to make sure that enough is left over to pay any outstanding bills. If you’re like me, you also want to leave something to your kids.

Researching life insurance rates doesn’t have to take a lot of time. With a few clicks of the mouse, you can get instant term life insurance quotes online., for instance, uses the databases of more than 140 insurance companies. Gone are the days when you had to contact individual companies for rates.

I don’t believe that anyone intentionally wants to be a burden to their families after their demise, but that’s exactly what happens if you don’t have all of your business affairs in order.

Some people think it’s impossible to get term life insurance because they’re 50 or older. Others think it’s impossible because they have preexisting health issues. Not true on both counts. Coverage is available for the over 50 crowd and for people with health challenges.

Many people rely solely on insurance provided through their jobs. However, that's not enough. If you lose your job for any reason, that coverage goes out the window. This economy is not the time to make risky decisions.

Everyone needs life insurance. Do the right thing and make sure that you and your family are protected.

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