Welcome to the latest series at JosephSangl.com – “Stop And Think” This series is written to help people think through important financial topics that may not be part of daily conversation, but are vitally important to a complete financial plan.
Take one minute to stop and think about what would happen if you died today. I know this is not an exciting prospect to consider, but I have seen many instances (far too many) where a family member dies way too young. Would your family be able to make it financially? Do you have life insurance that would provide enough money to ensure that those who depend upon you could just focus on grieving instead of having to worry about keeping the house and not being able to pay the bills?
I personally carry 30-year level term life insurance. It’s very cheap and allows me to absolutely ensure that my family will prosper should I die prematurely. Just so you know, I’m rooting against dying early.
One great thing about term life insurance is you can securely obtain quotes on-line without talking to anyone. I love that!