We’ve had two major life events this year.
My Aunt’s funeral and the birth of my nephew.
Sometimes when we least expect it.
We never know when something good or bad will happen so we have to be prepared.
Just in case.
I typically consider myself well prepared (don’t we all?). But after these recent life events, I started thinking about my own life insurance to make sure that I have enough.
I couldn’t even remember how much life insurance I have.
I couldn’t remember whether it would be enough to pay off my only debt, my mortgage. At $129,000, still have a significant mortgage to pay off. My goal is still to pay off my mortgage in the next 3 years but you just never know.
When I decided to become debt free, I realized how important it is for me to have plan for my family if I died. I’m making such an effort to be debt free and save money but what happens when I’m not here?
So I finally stopped procrastinating and bought the life insurance.
I want to make sure that just in case something happens to me, my family isn’t burdened with my debt.
Because it’s just sad to see someone pass away that doesn’t have life insurance set aside for their family. This is especially true when the family is counting on that income for their own survival.
Is your family counting on your income?
I just read an interesting article about life insurance statistics.
According to a survey from GoodNeighbors.com via State Farm, “Most Americans (76 percent) say their family would be financially protected if the unexpected were to happen to them.”
That’s great news. Actually, I am pleasantly surprised that most people do have a life insurance plan for their families.
Do you have life insurance?
If not, take this opportunity to make a plan today.
The Life Needs Calculator from State Farm is a simple way to figure out how much life insurance you might need. Just answer a few questions including your gender, age, location, whether you rent or own a house, your children, and your assets and liabilities.
In about 5 minutes, you’ll have a good idea of how much life insurance you should consider to protect your family.
“The top three feelings evoked by Americans when they think about a life insurance purchase are protected (36 percent), confident (22 percent) and relieved (21 percent).”
I know I felt relieved when I first bought life insurance.
Relieved that everything would be ok.
Would your family be financially protected if something happened to you?
Please share your thoughts below and consider sharing this article with your friends and family.
Disclosure: This blog post was written as part of a sponsored program for StateFarm to raise awareness about the importance of life insurance. All views expressed are entirely my own, and were not influenced or directed by StateFarm. You can learn more about this blogger program and life insurance at GoodNeighbors.com, PlantingMoneySeeds.com, and by following #StartLiving on Twitter.