Thursday thoughts : Why Buy Life Insurance?

THURSDAY THOUGHTS.. WHY BUY LIFE INSURANCE?
  First of all I would like to thank everyone to letting spend a few moments to explain financial issue with you. 

Why buy life Insurance. ? its a question I'm sure everyone used , including myself. Its really quite simple,, I love my family , my wife and kids.. 

What do I mean? Well , when we die?!  Yes , one of these days, weeks , or months or years , father time , or mother nature is gonna come calling and I have seen many of my own family and Friends pass away in the recent years.. Its just the bare facts,, 
 Now,, next question? Do you have money for final expenses, which is funeral exposes, which can cost as much or more than 7,000  dollars,, I know,, I will deal with that when it happens.. But in this day in age, with the tight budgets we all live under , the taxes, the mortgage, the rent , the car notes,, yes,, its alot to think about ,, where do you get such cash?
ok.. Some of us have savings accounts, IRA accounts, perhaps savings bonds,, etc. but isn't that money fro retirement years,, Just remember the older you get, the less time to make that money.. and for many of us,, time is running in us.. That's why I bought life insurance for all my family members.

1) When we die, I have a cash pay out for my family members , or vice versa, I know when someone dies in the family, its heart breaking , its emotional, and often times, its really difficult to make the simplest of decisions,, That's where life insurance comes into play,, When you get the cash pay out, you can pay fro final expenses, the family get togethers, the unsecured financial burdens the member could of had.. repaying debts etc.. It also peace of mind for the family members. It gives you that financial freedom to make choices, like , 
1) Sell the house ,for more income for your future.
2) Payoff the house to help yourself and family members who are still alive
3) financial security for the future, we all know , losing a loved one is emotional troubling, because we will miss their smiles, jokes, comments,, but having that life insurance policy , you can alleviate some of that pain by having a life insurances policy to cover your needs as life goes on.. I know we all pray and wish we will win the lotto, and life will be great..
 But lets be practical. without a plan, with a security blanket, your playing with your financial future,, We all see homeless people or people losing their homes, in my opinion, they failed to plan for the future,, perhaps they lost their job, or spouse, or both,, having a life insurance policy could of made the difference of maintaining that home, or making better and wiser choices.. I know, who do I talk to ? Who do I trust? Its a tough subject to think or talk about.. Well There are a alot of Financial adviser's around,, some maybe your relative or close friend, and many work for free so to speak,until you buy their policy or plan, so don't be pressured to thinking I have to buy, its not like a car salesman or what who are sharks competing for your dollar. Most adviser's want to advise and assist you , whether its life insurance with cash accumulation prospects, which is money accumulated over the years you can have or use at your disposal, it only reduces your pay out amount on your policy, so whats 50,000 - 100,000  reduced from a 500,000 or more policy, if you use that money wisely, That's the key use your money wisely.. That's why I chose to have policy for all my kids,, because when i die, they will be covered, and v ice versa. Or the ones they love will have something to live on.. I know some will say its a waste of money? Well that's your opinion, but don't we all waste money on cars, toys, clothes, etc anyway,, why not protect yourself and the family you love.. But to each is own, but as time goes on, the harder for  alot of us to save money,, So the goal , is to start saving now!, pay down debts! credit card balances.. , and work smarter than harder for your future, 
  Bottom line: I believe life insurance is a important financial instrument to have in case of the untimely death of you ,your spouse or other family members, Isn't life more important than your car, your house, your valuables, yet we insure all those things.. Its something to ponder,, and if you feel the need, Go out and seek out financial adviser's,, They may be closer than you think. Don't be afraid of the cost ,, be afraid of what it will cost without one.. Have a great day and stay safe,, !
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