Tuesday, January 22, 2008

Life Insurance Realities

If you don't have some amount of life insurance, you are making a huge mistake! Here are some things to consider about life insurance:
  • Do you have a home with a mortgage? If so, who is stuck with the mortgage payment if you die?
  • The average cost of a funeral with burial is $11,000. How will that be paid?
  • Any outstanding debt like car payments, credit cards or other bills? How are they getting paid?
  • If you have young children, how will your spouse afford child care to get out and work? Guys, you should think about this if your wife dies! She needs life insurance too!
  • Something we don't want to think about, but what happens if one of your children dies? How will you take care of the arrangements?

Let's face it...unless your name is Lazarus, we all die. The problem is that we don't know when! You may be healthy as a mule and still have an unfortunate and unexpected event or accident happen to you!

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