If you’re like most people, you probably think that life insurance is a waste of money. After all, why would you pay good money to insure yourself against something that may never happen? Well, the truth is that life insurance is one of the smartest investments you can make – especially if you have children. Here’s why.
What is Life Insurance?
Life insurance is a contract between you and an insurance company in which you agree to pay premiums (usually monthly or annually) in exchange for the company agreeing to pay a lump sum benefit to your beneficiaries (usually your spouse and/or children) in the event of your death.
Why You Need It
No one likes to think about their own mortality, but the fact is that anyone can die at any time. If you die without having life insurance, your loved ones will be left to fend for themselves. If you have young children, this could mean that they’ll be forced to go into foster care or be put up for adoption. Even if you have older children, they may still need financial support – especially if they’re in college or starting their own businesses.
Successful Kiwis Understand the Value of Life Insurance
Of those who do have life insurance, many are underinsured. This means that they don’t have enough coverage to fully protect their families in the event of their death.
The good news is that it’s never too late to get life insurance. Whether you’re 25 or 55, there’s a policy out there that’s right for you.
Don’t wait until it’s too late – get life insurance today! It’s one of the smartest decisions you can make for your family.