It is incredibly important that every adult carry life insurance. There are too many people who think that life insurance isn't for them and so they put off getting it. Here are some of the negative consequences that come from not having a life insurance policy.
1. Financial Ruin Of Your Family
First of all, it is incredibly important that you have life insurance if you are the primary breadwinner for your family. Think of a young family where one parent works outside the home and the other is a stay at home parent. If the working parent passes away, then the stay at home parent now is dealing with the terrible lose of a loved one, but they all of the sudden have no income. There is no way to pay the bills, buy groceries, or simply survive. They have to find a job, for which they may not be able to find a good one, because they have been out of the workforce for so long, and pay for daycare for the children. They most likely will have to sell their house, move, and uproot their lives, amidst the terrible tragedy of losing their spouse.
Don't do this to your family. Carry life insurance. Life insurance can help to pay for the living expenses of the family, pay off the house, and give them some time to get on their feet again. Think how much grief and hardship you will be protecting your family from by having a good life insurance policy.
2. The Burden Of Paying For A Funeral
Second, funerals can be very expensive. Think right now if you have the thousands of dollars that it costs to pay for a funeral sitting in your bank account. And if you do, do you really want your family using that money that they could use to pay for their living expenses for a funeral? Your family will feel that they want to give you the best and nicest funeral, because it is a sign of love. If you don't have life insurance your family will have to pay out of pocket, or finance your funeral. With life insurance you will have plenty of money for your family to pay for a funeral, and still have money to cover their living costs.
As you can see it is so important that you are never without life insurance. If you don't have any life insurance, reach out to a company like Advantage Insurance Agency, Inc for more help.