Life Insurance. Is it important in your life?

It can be tough to think of "worse-case-scenarios", and all of us are guilty at different times of worrying about things tomorrow. But what if there wasn't a tomorrow? Would your family be able to cope financially without your wage? If your answer is anything less then an immediate Yes, then you need to urgently consider taking out some affordable life insurance. Getting affordable life insurance is about making sure that whatever other challenges your family face at your loss, their finances is not one of them.

Unfortunately, the reality can be a stark one if you don't plan ahead. According to the National Safety Council, unintentional injury deaths occur every six minutes in the United States. But independent researchers Conning & Company have estimated that only 47% of US households have any type of life insurance which would provide financial security in this all too common event.

And expenses mount up quickly. A typical funeral where you are buried can cost $7000. And then whilst your family are grieving and arranging this, all the normal mortgage expenses and household bills need to be paid for. Plus your loved one will have probably taken time off from work and so may not even be earning! And longer term will they need to sell off your home because they cannot afford to keep up the repayments without your wage?

The bottom line is that you really need to think about this seriously and take action whilst you can actually do something about it. Life insurance, be it simple Term Life Insurance or Whole Life Insurance can give you peace of mind, for much less then you might think, that you are doing your best for your family even if you are no longer around. But you really need to take action NOW! Because "waiting until tomorrow", might just be a day too late.