Insuring the Times of Your Life

Insuring the Times of Your Life

Preston Newby was Minister of Youth. He and his wife, Tara, run with her son visiting the family — excited to announce a new baby on the way. By keeping the kind of person Preston had, he stopped to help the scene of an accident. Then he struck another car and killed. He was only 24.

Fortunately, this young couple had made their planning and bought life insurance. Despite the fact that Preston’s death caused emotional tension, Tara, mother at home, and her two sons managed to continue financially as before. You can look at the story here.

How many other people are prepared for this unexpected? Unfortunately, not enough: 43% of adult Americans are not life insurance, according to the 2019 Insurance Barometer survey, by life takes place and LIMRA.

If you have people who love and who depend on you, or you have financial obligations to meet, you need life insurance to protect “What IFS” – life at every stage. Here are just a few of the reasons you might need life insurance or more, throughout your life.

Married or partnered

When you start your life together, you are likely to incur common financial obligations such as buying a home, in addition to monthly bills. It is wise to protect your spouse or partner with adequate life insurance. This is also a wise move to get the cover to the place now when you plan to have a family in the future.

Parents with children

If you’re in the middle of this phase, the financial commitments subsided. Many couples depend on two incomes to fill the ends and single parents can be their kids one and only. Life insurance is critical here. If you want to figure out how much you need, remember that economic impact on your family can be measured not only by how much you are currently earning, but by how much you earn during your working life. Life happens ‘ human life value Calculator will help you figure out what it is.


Your children are on their own and your mortgage is paid, so you may think that you don’t need life insurance. However, if you are still building your retirement egg nest, life insurance ensures that if something happens to you that your spouse or partner can still live comfortably on retirement despite any flaws.

Single with no children

You may think you don’t need life insurance because you have no dependents, but if you owe them money, you need it. This ensures that your debts including student loans and funeral expenses will not be donated to your family. Also, if you take care of your parent’s aging or special brother needs, or know that you are in the future, life insurance is a smart way to make sure that care can continue continuously.

Many people think, “I’m young. That won’t happen to me. “Statistics they can be true. However, they can be one of those statistics. You just don’t know – and that’s the problem. The solution is life insurance.

Mind you, life insurance is a simple answer to an important question: will anyone suffer financially if I die. If the answer is yes, then it is time to sit down with an insurance specialist.

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