Why do we need life insurance

Sadly we all have friends who are know it alls. You know one. You may work with one, or there is one in the neighbourhood or one of kids friends fathers. They are everywhere and they know it all.

Yesterday one of these was talking, loudly course! Utter nonsense as usual, in fact I was so impressed with his complete lack of understanding I had to stop myself laughing at his pure stupidity.

This guy knows everything, been everywhere, seen it, done it bought the t-shirt. What did this genius put out yesterday, to make sure the world knows he knows everything? Well he pronounced loudly that he didn’t need life insurance, as when he is gone, why does it matter?

Oh dear…..

Sadly this individual is married, has three young kids and is running his own business. He recently borrowed a large sum of money to extend his house. Therefore in the event of his death, not only is he leaving his family with a mountain of debt, no income and no nest egg.

Take the challenge

Why do people think it is ok to leave their loved ones with debt and no financial security? Take the challenge and see how little life insurance will cost you. Obtain up to 10 different quotes and compare the benefits and costs.

Life insurance should not be viewed as a chore or something that is not required. For any responsible loving adult, it is a necessity. It provides the means to pay for the final expenses, pay off any debts and provide financial stability. It also enables the policy holder to sleep a little easier as they know there is protection in place.

Subsequently to my laughing at my know it all colleague, i called him last night and explained to him the error of his ways. He has today taken out some life insurance.