People are funny about death. We all hate to talk about death, but it happens around us all the time–car accidents, shootings, fatal heart attacks.
Every day we see young and old alike listed in the obituaries. Many times, that obituary will ask that memorial contributions be made to the family, which tells us that the individual probably didn't have life insurance.
The National Safety Council says someone dies in a car accident every 13 minutes in the United States. Think about that–every 13 minutes, someone dies. That means that by the time you finish reading this post, someone, somewhere, is no longer alive. What will happen to their family when that individual is no longer around to provide for them? Will there be enough money in the bank to pay for the children's education? Will the family be able to stay in their own home? Is there money enough to stay on top of the household bills? An unexpected death, whatever the reason, will cause a major disruption in a family's life.
Life insurance is all about transferring risk. Most individuals will live long and happy lives. The risk, though, is that your life will be suddenly and unexpectedly cut short and the dreams and goals you've had for yourself and your family will not be realized. And, this is a risk–death–that is 100%! There is NO QUESTION that it will happen, yet we procrastinate on protecting against that risk.
That's why it is so important to consider how the impact of that risk can be made less severe with life insurance. A life insurance policy transfers that risk of dying too soon to the insurance company. Then, should you die "before your time," the company steps in to provide the money to fulfill the dreams you had for your family.
We don't know who will be next or when it will happen, but we do know that sooner or later, each of us will die. It might be this year, or it might be next year, or the year after, or twenty years from now, but sooner or later, it will happen. When was the last time you sat down with your insurance agent and reviewed your life insurance coverage? Doesn't it make sense to be as proactive as possible and protect the ones you love with life insurance?