Life insurance is something that many people don’t have or don’t really think about until they are older. My mother died when she was 37 and thankfully my parents had taken out life insurance when they were younger. While it didn’t make up for her passing, it helped us financially. My dad was only 39 when she passed away and had 5 children at home.
My mother passed away from cancer and 37 is a young age to die. She was sick for a few years before she passed, but my parents had taken out insurance long before she got sick. Have you ever thought about how your family would cope financially if something like this were to happen?
I know with our mortgage, the cost of speech therapy for my daughters and every day expenses it would be a struggle to try and do it all with less money coming in. It is an emotional time without adding the stress of money problems on top.
It’s not just illnesses like cancer you need to think about, but car accidents, work accidents etc. Everyone will die and life insurance is just a way of taking care of your family when it does.
The great thing about life insurance is you can select how much you want to insure yourself for which will be reflected in the premiums. Enough money to pay out your mortgage with some left over is about the minimum I would recommend, but even $100,000 to get by for a while would be a good start.
GIO Insurance is now offering life insurance. I have used GIO for other insurances (and made 2 claims with absolutely no problems). They have been so easy to deal with and are well priced.
Do you have life insurance? Who are you with?
This is a sponsored post. I do highly recommend life insurance and have dealt with GIO before and was really happy with their service.