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Excuses, Excuses, Why People Put off Buying or Reviewing Their Life Insurance Policies, Part 4

By Ralph R. Dickinson

“Why Should I Invest in a Personal Term Life Insurance Policy, it seems like a waste of money?

Bottom line is, if you are the primary breadwinner or the homemaker in your household, the loss of either of you could severely distress the financial security of your loved ones, such as:
The Lifestyle that your family is accustomed too
Whether the mortgage or rent payment could be paid
College Plans for Your Children or Grand Children
Consumer Debt or Car Loans currently owed
Whether your spouse will have to work or take on another job
Severely affect your share of household duties
Replacing childcare that the homemaker provided
Devastating to your Finances
Additional Expenditures for childcare, food preparation etc.
The Mental Instability caused by the loss and assumed financial stress

A Personal Life Insurance Policy at its core is intended to replace the income of the Breadwinner if proceeds are invested properly. Life Insurance cannot replace your family’s loss but it can replace the income and/or the household services that the family member provided.

At best Life Insurance paid to beneficiaries can be structured into a lifetime income. At the very least it can and should provide debt freedom to the loved ones left behind.

These are all concepts that are great reasons for you to think about purchasing a life insurance policy.  Need a Quote you NOW!