Insure your family, dying is not just for the elderly
Insure your family, dying is not just for the elderly. Many people consider themselves too young to have life insurance. It’s not that they are afraid to address the topic of death, but rather they perceive themselves as young and healthy, not realizing the importance of having life insurance to benefit their loved ones. When discussing their life expectancy with friends, some may say, “My grandmother lived to be 105 years old.” However, dying or falling ill is not just for the elderly.
According to the Centers for Disease Control and Prevention (CDC), 3.4 million people in the United States die each year from various causes. For example, in 2021, 695,547 people died from heart disease, 605,213 from cancer, and 224,935 from accidents. You might still think that dying is something for old people. However, the reality is that throughout life, we are exposed to various risks that can be fatal: accidents, illnesses, tornadoes, hurricanes, lightning strikes – it only takes being in the wrong place at the wrong time. So much so that out of every 100,000 men born in the United States, 5,275 will die before reaching the age of 40. In other words, 5.2% of men and 2.6% of women will pass away before turning 40, according to the Social Security life table: https://www.ssa.gov/oact/STATS/table4c6.html. Consider this: out of your hundred childhood friends, five will leave before 40 and nine before 50.
The purpose of sharing this information is not to frighten you, quite the opposite. The intention is to make you aware of how precious life is and the opportunities it offers. It is highly likely that you have a precious family and work hard to provide for them. If you were to die from any of the aforementioned causes, in addition to the pain, your family would lose that source of support you provide. The outlook for them could be sad, painful, and miserable. However, there are insurance companies that can offer you a life insurance policy where they will pay your loved ones a benefit equivalent to your income in the event of your death. I’m talking about $150,000 or $250,000, depending on the policy terms.
What’s even more interesting is that you don’t always have to die to receive the benefits. This same policy can also provide compensation if you acquire a terminal, chronic, or critical illness. You could use a portion of the death benefit money for your care and not depend on anyone during that vulnerable phase of your life.
Now you know, for less than the cost of a daily coffee, you can ensure the well-being of your family in case the worst happens.
If you are interested in having life insurance, rely on Univista Insurance. Insure your family, dying is not just for the elderly.