I saw what life without life insurance

I saw what life without life insurance -
The friend of my uncle had decided to end his life insurance; the form, unsigned, was sitting on his bed when he had a heart attack and died. Because it has not signed the form, his widow received the payment of life insurance, which helped her to survive and live a comfortable financial life after death.
My parents do not feel they could afford life insurance, but they took advantage of the policy without my father was eligible to work, and freedom of policy at their cash, which was a good thing. My father died of colon cancer at age 38, just four months after her diagnosis. There were enough life insurance for my mother, a housewife, to pay for the house, but there was not much beyond. A good life insurance policy would have to invest his money so she could continue to stay at home with my brother, who had cerebral palsy and needed care throughout the day and night in of his life.
Because of my experience with my father, my husband and I signed up for life insurance when our son was just a child. I saw what life is like without life insurance safety net, and it's not good. My mother has financial difficulties in the 26 years since the death of my father.
Why we pay for life insurance
My husband and I wanted to ensure that if one of us died, the other would be able to invest the money and live interest. At least, we wanted to have an amount of time where you could focus on taking care of our family and do not worry about money.
Life insurance will help pay for college for our children. If I die, the money will help my husband hire a guardian for our children; if my husband dies, the money will allow me to continue my freelance career, working from home, and supplement my income so that I can provide for children.
Death is a reality, We Just Don 't know when it will happen
Nobody wants to think about death, but we are all going. Hopefully we live a long life, but just take a minute to cope with the frightening possibility of something happening to you or your significant other. How could you survive financially? How your spouse? If you have both spent, how legal guardians support your children financially?
If you do not have life insurance, these issues become very difficult to answer. If you have life insurance, you may feel pain at the thought of losing your spouse, but you will not be concerned about the financial aspect of such a loss.
Life insurance is now more affordable than ever. You may think you do not have money to buy it, but I invite you to evaluate your spending. We try to repay the debt to a gazelle intensity. Of course, we pay $ 77 every month for life insurance would be a good deal of money to put on our debt, but that is short-term thinking. I prefer to pay debt just a little slower than I could pay our life insurance premiums and to know that our family will be supported financially if my husband or I die early.
Do you have life insurance? If you do not, what's keeping you?
This appears originally on the blog Mom plans Melissa.