preparing to care for your family after death

preparing to care for your family after death

3 Reasons You Should Always Carry Life Insurance

by Carl Moore

Life insurance is incredibly important for every individual. Without life insurance, you could leave your family in a terrible position if something were to happen to you. Generally life insurance is pretty affordable, which is why there is no reason not to risk it. Here are some reasons that every adult should have life insurance.

1. Funeral Expenses

Have you ever thought of who would pay for your funeral expenses if you were to pass away? Would the burden be passed to your spouse, your parents, or even friends? If someone wants to give you a nice funeral, you don't want him or her to have to front the bill.

A funeral is not cheap. In order to buy the burial spot, head stone, casket, and pay the funeral home, one has to pay thousands of dollars. This is not something that you should put on someone else. Instead, if you have a good life insurance policy, your loved ones can put on a beautiful funeral for you without worrying about the money. As your family and friends grieve your death, you don't want them to be worrying about finances as well.

2. Debts

Ideally all of your debt would die with you, but that is simply not the case. Instead, your debts could pass on to your loved ones. This is especially the case if you were married. Your spouse would still be responsible to pay off the house, car, credit cards and so forth. This is why it is so important that you have a life insurance policy that can help to pay for those things.

Thus, when you a purchasing your life insurance policy you should factor in how much debt you have so that your loved ones can have what they need to settle any unpaid expenses.

3. Medical Expenses

For many people there are medical expenses associated with their death. Even if you are in some sort of accident, there is a good chance that you will be taken to a hospital and receive some sort of treatment. In many cases these hospital bills can become severe. The family could be left with thousands of dollars in bills. This is why you need a life insurance policy. With the money that your loved ones get from the policy they can pay off these expenses so that they don't get stuck paying off medical expenses for years to come.

These are just a few of the many reasons you should always carry a life insurance policy. 


About Me

preparing to care for your family after death

Have you done everything possible to prepare for your family after you pass away? So many of us think that there is always more time to take out a life insurance policy or think that we cannot afford one. What we fail to remember is that there may not be a tomorrow. If you were to pass away today in a tragic accident, would your family be able to survive? Would your family be able to continue living in your home? I started working on this blog after I went to a friend's funeral. It was that moment that I realized that I wasn't ready for death and that if it was to happen at that time, my family would struggle to survive.