Is Life Insurance Really That Important?
Many people even ones in business overlook the importance of having life insurance. Life Insurance, known to many as death insurance is not as bad as it seems. Look at it this way: if you were in a situation where you had a lot of bills and you died, did you know that your family (wife or husband especially) gets hounded by bill collectors trying to collect that debt? Life insurance in important and can be as cheap as $199 a year for a $1,000,000 policy, maybe even less depending on who you go through. What that means is, if you die and owe say $100,000 in bad debt, your family is safe… taking into consideration that you had a decent life insurance plan with at least $250,000 coverage. With that amount, your family could be taken care of. They could pay off that debt, put the kids through college, possibly buy a home, or even start and expand a business. This money could be used for many things.