Who Needs Life Insurance The Most?

By Lois Kellam


To say that life insurance is actually for everyone might somewhat be an understatement. No matter what seasons in life you are in you are candidate for life insurance. Why? Because in one season in your life you may become a breadwinner or maybe the only provider of a friend, a relative or particularly to the siblings and family while you're with them. And therefore, should the season in your life ends a bit sooner than you would have wanted, these very individuals are left on their own not having the financial support you used to provide them with.

It is a must that all fathers be insured. I've seen this too repeatedly. A widow crying and in trauma because of the loss of her husband (whether through natural death or accident) and do not know where to get some money for his burial.

Additionally, the responsibility of where you'll get money for their next meal and get the immediate needs of the family because the father failed to prepare for the financial needs of the whole family if ever he is taken away from his family earlier. Mothers are usually left alone to mourn and think of where to get the money in order to secure the children's future. The lifestyle they used to enjoy will now have to undergo a major change all because there's no insurance prepared to protect and secure the family.

A single mom/dad needs to be insured. Being mom and dad to your child alone is a lot of obligation to carry all in itself. Good if the father is at least providing financial support for that child, if not, and then you're really the only one your child is depending on to one day achieve his or her dreams. But consider the scenario when out of the blue you too will have to be taken out of the picture early? What will happen to the child?

Besides being left on the care of relatives or even your spouse who may now have a family of his own, the child or children can be totally left depending financially on relatives. Would be that the type of scenario you wish to see? Or will you rather see that your child though in the attention and care of relatives won't need to beg to support their immediate and academic needs at least up until the time he or she is able to support himself/herself?

Securing your life insurance policy now protects your family and loved ones at the instance of your death. It lifts the financial burden your family will carry apart from the emotional pain they'll have to endure in losing you. It will take care of your hospital bills should the death is caused by illness or accident ending in death. It takes care of the funeral expenses, outstanding debts and also the future daily expenses of your family.

Peace of mind in this specific phase of life is definitely something one cannot buy at least long after you're gone. But while you are healthy and strong, this type of peace of mind for your loved ones and members of the family is something that life insurance can actually provide.

Who needs life insurance the most? All of us need life insurance with no exception. I have not even touched on the need to store up for the retirement season of life. Nevertheless, if we're not out of the picture early, that only means we still need to support ourselves long after we retire from working. This is the time to ensure the future of your family via life insurance.




About the Author: