“Having life Insurance can help you replace the income from the job you hate in case of an accident.” ―
A question that many people ask themselves at one point is:
“Do I need life insurance?”
The answer depends on your circumstances. If you have someone who depends on you, then this is the time you think seriously about it.
Life insurance provides money in the event of death such as funeral expenses, housing, loans, …etc. They too will also provide financial security for your family as they get used to living without you.
There are common misconceptions that life insurance is only for people with alot of money, right? Not true. This system is also designed for people without savings.
Let’s look at when to consider buying life insurance.
When Should You Consider Life Insurance?
1. You Have Dependents.
If someone depends on your income, it could be your spouse, your children or even employees, you need life insurance. Without your income, they could have serious financial problems.
2. You Have a Mortgage or Loan
Life insurance is essential if you have a mortgage or loan. If you die before the debt is paid off, your next relative or heir will be left with the loan. But if you don’t want your loved ones to suffer, Life insurance can cover these costs for you.
3. You Have a Business or Key Employee
If you own a business or are an important part of it, life insurance can help keep things running smoothly when you’re gone. It gives employees or business partners time to decide what to do next. Whatever your situation, business will continue as planned. In some cases, this type of life insurance can also be considered a business expense.
Now I won’t be able to cover all the types of insurance you can choose from here, because every country has different life insurance.
But if you’re considering it, search online for an ‘insurance comparison tool’. Choose the one that suits your needs. Make sure your browser’s search mode is set to your ‘country/region’.
Take Action
- Reflect on your life for a moment.
- Do you have dependents? A mortgage? A business?
- If so, it’s time you think about life insurance.
- Do your homework and compare policies.
Talk to a financial adviser. - Make sure you get the right policy for your situation.
- Protect your loved ones, and
- Plan for their future.
Wrap Up!
Life insurance is not just for the rich but also loved ones, dependents, and people with high debts or no savings. It’s about making sure your family can keep their home or your business to continue.
But most importantly, it gives you peace of mind.
Did You Know...
“Very soon: If you use the Lyft or Uber rideshare service, you may start seeing ads on your phone while waiting for your ride. Or even when you’re in the car. That’s the latest news! But the question is, how long do you think it’ll be before they offer ad-free rides? Any guesses?”
Tech-Tip 101 INSIDER SECRET:
Text Selection Clicking Tricks!
“When you’re reading a document or webpage, you can quickly select words or paragraphs by clicking. If you double-click on a word, it gets highlighted. If you triple-click, it highlights the whole paragraph. This trick also works for selecting words or URLs in a web address. It’s a handy way to highlight text without dragging your mouse. Yes, I have a bad habit of highlighting my text by dragging the mouse!”
Be on the Alert!
“Sometimes we try to save money by buying cheap chargers or other gadgets. But the thing is, these cheap cords can be super dangerous. You may have heard popular online stories about chargers catching fire, right? Yes! Even beds are burning! It’s a big problem now becoming more and more common.
What to do to stay safe: If you purchase a cell phone charger or other device, make sure the device or charger is officially certified. This means it has been tested. And is certified. Therefore, there is less chance of fire occurring.
Please don’t neglect safety when it comes to this kind of thing. It’s worth paying a little extra for a safety charger to keep you and your family safe.“
Best,
R Bismarck