This is one type of insurance that I can’t live without

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Going without this coverage could be a big mistake.

Key Point

• Insurance provides important protection.
• There are many different types of insurance coverage.
• Term life insurance is one of those policies that I never want to give up.

Buying insurance is very important. In some cases, such as for homeowners insurance or auto insurance, it is required by the lender or the law. But even when it’s not mandated, having the right protections in place can help you avoid financial disaster.

I have many types of insurance, but there is one that I consider absolutely essential. Here it is.

I will not skimp on this type of insurance

You are not obligated to take out term insurance, but you are not required to take out term insurance. In fact, my husband and I both have our lives covered in case anything goes wrong.

There’s a simple reason I’m not skimping on buying enough term insurance. I feel this protection is essential to keep my family safe if something happens to me.

Like most people, my husband and I have financial obligations that depend on us both making money. Without life insurance, my husband and children would have to make drastic lifestyle changes.

My hours are very flexible, so I provide a fair amount of childcare for my two children. I needed help so I could keep working.

I don’t want my family to suffer financially if the worst happens. I want to make sure they have enough money to stay in our family’s home, continue to travel, and pay for my children’s education. , gives me the funds I need to do just that.

Does everyone need life insurance?

I need term life insurance because my children are still very young and the household still depends on my income to cover the bills. If you are at a similar life stage to mine, you should probably get life insurance. This type of policy is affordable and provides coverage for the duration you need.

People who don’t have dependents yet but have a spouse or children who will depend on them in the future should also consider getting insurance. It is more affordable to receive coverage at a younger age, and by purchasing coverage early, pre-existing conditions that may arise later do not make coverage inaccessible.

The only people who do not need life insurance are those who have no one to rely on for income or services. For example, a retired person with adult children or a spouse living on savings may not need coverage.

But for others, life insurance is one of the absolutely essential policies to purchase. If the policy has not yet been applied, please do so as soon as possible.