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Life Insurance is so Important

Do you have life insurance? I cannot remember a time in my life when I didn’t have it. When my father died, without life insurance I don’t know how my mother would have made it. The life insurance was not even enough to handle all of the bills which meant selling the house the help pay for things. I learned just how important life insurance was during that time.

I have been on the search for a more comprehensive plan not to mention plans for the rest of the family.There are so many things to think about when you purchase life insurance. I have been doing some research with a life insurance comparison site like Choosi which is based in Australia. The first thing I really love is that with Choosi I can fill out one form and get a quote from lots of major insurance companies such as MetLife. As a busy parent being able to find what I need quickly is important. I did learn that homemakers, or stay at home parents, can choose to be on a policy with their spouse where some policies cover things like childcare and house help. Can you imagine having a policy where you knew that your spouse didn’t have to worry about those things?

Choosi’s website is very easy to search and they have several very helpful articles that can answer many questions. You fill out a simple form and off you go. The entire process is very simple which I love. I hate when it takes forever to get a quote and no one can answer any question I have. There are plenty of questions that I have such as why can’t you apply after age 79? Not to mention if you can’t request a quote after age 79 will my policy cancel or change when I reach that age? I am also curious as to what all the policy covers, such as if I die in a country other than the one I live in will the policy still be effective?
I also am unsure as to how much coverage I need, is $500,000 enough or do I need more? What sort of
questions would you ask?

Rita
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I live in a small Georgia town that you most likely have never heard of and I LOVE it! My house is more than full as I am a single mother of four & caregiver to my aging mother and uncle. Lover of all things Outlander. Goes to the beat of her own drum woman.

Comments

  1. Thank you for this post. This has been on my “list of to-do’s” but is constantly being put on the back burner. This will move me along. Thanks again!

  2. I took out a very small policy when I was 20. I though sure, but WHY. I am young, in good health. Blah , Blah, Blah.

    fast forward ten years and have many back surgeries after a car accident. And having someone have to help me with kids and house made me realize how important it would be in case someone had to do this if I was GONE someday. After all the health issues, I could no longer get insurance. So I have such minimal. Like, scary to say but not even enough to “bury” me, as my mom would say. After all that happened, we got insurance on our kids, (fairly minimal) and more on hubby. We are covered but not nearly enough as we probably should be. Take out your income and ADD what you need to raise your kids for say 10-12 years. And that amount is the LEAST you want to have. My opinion.

  3. My husband took out a life insurance policy when I became regnant with my son–I was about 22; he was about 25. Like the previous commenter–it was small. We were young, Plenty of time!
    He died two years later–I had a 15 month old son. That’s when I understood just how little that insurance policy was. I really hate talking to people about life insurance, because, really, we are talking about someone dying here. What is lost is so much more than financial. And young people aren’t supposed to think about such things anyway. But…there it is…it happened to me.

  5. Life insurance is one of those things that people always put off. It is so important. when my father died he had very little life insurance. It has been a struggle for my mother since he died. All of us kids give her money each month so that she can pay her bills and not worry to much. My husband and I have huge policies on ourselves. We don’t want our children to have to support us should something happen.

  6. So true. My husband and I both got term life policies when our first child was born, then took out second policies when our youngest came along. It does give peace of mind to know that we have it if we ever need it (Heaven forbid).

  8. I do, my Husband is military so he started a policy the day he got out of basic…. we were not married until about 15 months later. After he returned from his first deployment in Iraq, he was VERY insistant on me having it as well. It was very frustrating trying to figure out how much coverage etc.

  9. Great article, you share very valuable information about life insurance. Now people will find the right answer about the need of insurance. There is lots of people who know little bit about insurance but they don’t have life insurance coverage because they don’t know value or importance of insurance.

  11. i think you had some pretty great questions to ask. I’m not sure of anyadditional questions at this point.

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