Happy Father’s Day all you dads! I want you to know you are greatly appreciated
and you deserve a huge thank you for all that you do. No one can replace that love and support that
you provide. My dad was there for me
through a lot, but if there was one specific thing I wish he would have done
before he passed away, it would have been to buy life insurance.
My dad passed away after battling liver disease at the age of
59. That’s young, but old enough to know
a few things. I don’t know if he was in
denial about dying or just had faith that he would experience a miracle and
live much longer. Either way, he didn’t
have life insurance.
It’s one of those things you don’t like to talk about – life
insurance. My family is fun; we don’t
discuss serious things like death (even when someone is dying). My dad chose to be home during his hospice
while my stepmom and nurses cared for him.
As a part of a family with six kids, our number one goal was to spend
time with our dad and hopefully make him smile.
We were all afraid to ask him about his wishes and his plans for end of
life. We feared that bringing that up
would hurt him or remind him that he didn’t have much time left with us.
Guess what? We
should’ve talked about it a long time ago, before health was an issue. It would’ve saved our family from so much
extra stress than we were already enduring.
After my dad passed, besides dealing with grief and trying to
piece together his assets, debt, and a mess of paperwork, we also had to figure
out how we were going to pay for everything.
Funeral costs, burial expenses and medical bills added up quickly. There was plenty of outstanding debt that
needed to be paid off as well. On top of
it, my siblings and I were all taking time off of work to meet with lawyers and
take care of everything.
I don’t wish this experience we went through on anyone. Imagine six siblings that are very close,
losing their dad and having to deal with splitting finances, assets, paying
debt all while being civil. If anything
can tear a family apart its death and money.
This life changing experience made me realize the importance
of life insurance and that my husband and I needed to purchase our own
policies. Both of us have small policies
through our employers, but ideally you should have your very own insurance to
ensure you have coverage if and when you need it.
5 Reasons
to Purchase Life Insurance:
Income
Replacement
When one spouse dies, the family can take a serious financial
hit. Replacing that income can help the family maintain the lifestyle they are
used to?
Mortgage
Protection
The last thing a family wants to think about is losing their
home after the death of their loved one. Life insurance can help to take care
of that financial burden.
Paying Off
Debt
A life insurance policy can help you pay bills. Most families
have more than just a mortgage to think about.
Credit cards, medical bills, student loans, car payments, etc… these can
quickly add up after the death of an income earner.
Pass Wealth
to Family
As a part of your estate, you can leave money to your loved
ones with a life insurance policy.
For me, term life insurance is the smartest and most
affordable option for my situation. With
Quota’s easy-to-use quoting tool you can find out how much term life insurance
would cost you. There’s no need to give
any personal information until you are ready to apply. It’s a relief to know that I’m financially
protected if my husband were to die.
Without it, I would be forced to move, sell personal belongings and
completely change the lifestyle that I’m accustomed to. I don’t want that for me, and I don’t want
that for you or your loved ones.
Source: https://www.quotacy.com/the-importance-of-life-insurance-for-dads/
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