Time and time again, I’ll come across an unfortunate story and/or a GoFundMe for a person who didn’t have life insurance and has left their family with debt, no savings, and very little to continue to live off of.
Note: Before you exit out of this page because you think it’s not worth it, many people can easily find life insurance plans for around $25 a month– so there are extremely affordable plans that exist.
Every time I see one of these stories, I think about how much I wish these families knew about life insurance, from how affordable it could be to much they need it.
Before I go on, I realize that this can be a hard subject to talk about as it’s talking about what happens when you or a loved one dies. But, learning why you need life insurance is a very important thing, and it can help your family out when they need it the most.
According to Life Insurance Awareness Month (from September 2017), around half of the people in the U.S. do not have life insurance. And, those who do have life insurance typically have much less coverage than they need, at an average of just $168,000. [Read more…]