09/17/2024 | Press release | Distributed by Public on 09/17/2024 22:08
Death and taxes are the two things we can all count on, so the saying goes. If that's the case, why don't more people have life insurance?
It seems that it would be a good deal to have life insurance if a policy will pay out money when you pass on, right? And yet, here are some examples of the more common rejections of this logic.
With that in mind, sure, you have no kids or significant other, but what about an interest in a charitable organization? One that helps other people, other kids, other places? No? How about Doctors Without Borders or the American Red Cross? No? How about animals? If you have a furry friend, then you have a heart for them and their kind. You could leave a chunk of cash to the Humane Society to stop animal cruelty.
In other words, you can make an organization the beneficiary of a life insurance policy if you have no kids or significant other.
Having no debt is great, but it doesn't change the fact that you need money cominginin addition to having less money goingout.
If you knew you could buy a stock for $1 and that upon your death it would be worth $500, you'd buy it, wouldn't you?
Chances are, if you plan ahead and play your cards right, you can usually find something that you can work into your budget. Not always, but usually if you look hard enough. So, go. Look hard enough.
So next time you're scrolling through your mental list of reasons why you can't or shouldn't have life insurance, keep in mind that someday you will die. And when those you care about are grieving, life insurance is one simple and sure way to provide them with some much-needed relief during an extremely painful time in their lives.
This article was written by Aai-M, Plcs, Cpcu, Lutcf, Cpia, Karl Susman, Cfs, Csfp and Cic fromKiplingerand was legally licensed through theDiveMarketplaceby Industry Dive. Please direct all licensing questions to[email protected].