Wednesday, July 21, 2010

Buy Term Life Insurance and hope your term does not come up

Most of us give thoughts on life expectancy and wish for longevity and a bright future. Some people just have better luck than others. They just happen to be at the right place at the right time for good things to fall onto them. Some just inherit magnificent genes like high metabolism rates and they can just eat and eat without putting on weights while other can gain weight just by drinking water.

But whether you are lucky enough to have good health or otherwise, having term life insurance appears to be a good investment. I will not debate the pros and cons of “whole” versus “term” life insurance as they are financial tools designed differently.

Many of us obtain a term life insurance policy from our job and some don’t even know about it. No amount of money can replace the loss of a loved one, but knowing that the check would provide some financial security can provide disaster from getting worse.

Term insurance bring not just financial security. It represents good planning and can be symbolic of being a well-prepared and planned person. It falls into the same category of having good lesson plans, being prepared for emergency situations, having a roadmap of goals and objectives, and lastly, knowing that you can sleep peacefully at night when you have done your best to be prepared for the future. In short, it is being responsible to yourself and others.

So buy term life insurance. It can bring peace of mind. Of course, hope that your term does not come up.

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