Protect Family with Life Insurance - Universal Life Insurance

By: Fred Romano

Many people do not believe in taking up life insurance seriously. Either they are careless or they feel that they do not require life insurance for them and that they can take care of their future. Well no one is immune to accidents and deaths that may come up any time in your life. It is always better to be prepared for any untoward happening then to regret during later part of your life. If you do not believe in investing too much money in life insurance, then at least you should go for a minimum plan which can offer some cover to your family during tough times.

I had a neighbor who was never interested in life insurance program. When ever we used to discuss among friends about the insurance, he used to say that he never believed in life insurance. He used to say what is the use of buying an insurance plan that does not helps you? But a life insurance is designed to cover your family and your family is something that you love the most in your life. After all you live with them; you share all your happiness with them, along with your sorrows. So don't you feel that you have some moral responsibility for them?

One day my neighbor was driving a car and met with an accident on the highway with a trailer and died because of it. All the money that he had was used to take care of his hospitalization and funeral costs. He had practically saved nothing for his family's future. He had used the entire money for to buy a home and a car. He had also taken a huge home loan to make up with the deficit of the amount that he was falling short of. After his death, his wife was not able to pay the monthly payments of the bank from where he had taken the loan from and finally she had to loose the house as well. Now she is living in a small rented apartment on the out skirts of the city and is trying to meet her daily needs by working small jobs. His kids who used to go to a private school are also now going to the small community school, as his wife cannot afford to pay the high fees of private school. If only my neighbor had taken an insurance policy at least they would not have suffered that badly. At least his debts would have been taken care of and his family might not have lost their house and his children education would have been taken care of.

Nothing can make up with the loss of a person, not even money, but money is very important for our daily life. Life insurance is one such program which takes care of your future in times of your needs. Everyone should have at least one life insurance policy and secure their future. After all it is always better to be prepared for any untoward happening in future.

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