Dealing With The Hardships Of Purchasing Life Insurance

Posted on Oct 25 2013 - 12:35am by Stephanie Wilmsmeyer

Life Is Hard

While purchasing life insurance is no walk in the park, it’s a necessary one that brings more than just a peace of mind. 

Do people get worried about life insurance?

It’s inevitable. Thinking about your death and the future of your children is a real tearjerker. But there is nothing to worry about. Life insurance is simply a way of securing protection and financial stability for your loved ones. The money can be used to pay for future expenses, mortgage and your child’s education. More than anything, not having life insurance should worry you. If the unthinkable were to happen, you want to make sure that you and your family are covered. 

How can people come to terms with purchasing life insurance?

Evaluate what stage of life you are at. Life insurance is not just for those who are sick or old; single and young people need health insurance too.  So even if you are a healthy, safe-driving, cautious youngin’, if you have dependents, you should consider life insurance. That is one of the ways of coming to terms with something kind of morbid; you just have to understand that it is something that everyone must do. Once you acknowledge that is just a part of life, it becomes an easier decision.

How can a life insurance agent ease people into seeing the benefits of life insurance and why is it important?

Life insurance can be confusing. There is jargon, big numbers and lots of myths about it. Often times it’s easy to run away from things that do not seem urgent, especially if they are not the simplest of things. But life insurance is no joke and is totally worth all of your time, energy and money. Life insurance fulfils many primary needs for you, your spouse and your children.

One of the benefits is mortgage protection. Life insurance can secure your home for your loved ones and pay off an outstanding mortgage balance. Another benefit is that it provides an income replacement. It can be extremely difficult to bounce back from a two-income household to one. Life insurance minimizes stress and helps maintain a normal standard of living by replacing the lost income. It also eases the burden for your loved ones who have to arrange the medical, funeral and burial expenses. Losing someone important is stressful enough, worrying about the cost of everything should be the last thing on his or her mind.

Short & Long Term

Life insurance definitely helps in the short term, but more importantly it secures things in the long run. If you have children, life insurance can help pay for their education. With today’s increasing rates, insurance can definitely ease the struggle of paying for your children’s tuition. Without life insurance, it’s frightening to think that there is a possibility you may not be able to provide for your children or spouse. Many people don’t buy life insurance because their employer covers them.

But the truth is that even though many companies provide life insurance worth twice the deceased’s annual salary, if he or she were to leave the company, the benefits would essentially vanish.  There is also just as many reasons to purchase life insurance if you are a stay-at-home spouse. Even though many don’t see the tangible income, running a functional household is definitely a real job. Think about all of the chores and daily duties and the cost if the spouse weren’t there. Life insurance can pay for things such as childcare, housekeeping and transportation.

Life insurance may seem like a hassle and sometimes it can be! But it’s a hassle that is a part of life and absolutely necessary. Deal with it now, so that you won’t have to deal with the consequences of not having it or worse, leaving the burdens to your loved ones.

Photo Credit: Flickr/mooglet

About the Author

Stephanie Wilmsmeyer is a State Farm life insurance agent in Columbia, Mo. You can find her on Google+.