Speak with an experienced advisor! (800) 208-4575The importance of life insurance and burial planning isn’t just for seniors, it’s important at every age and for everyone. Once we enter this earth by our mother’s womb no matter how young or old or how much the adventures, experiences, hopes, dreams and goals varies for each person there is one thing that is guaranteed; everyone will die and pass into eternity.
Death doesn’t ask how old you are, if you are prepared, ready or if you have unfulfilled promises, hopes, dreams or goals to accomplish. Death doesn’t ask if you have planned ahead to be sure your family are not faced with a financial burden. Death just comes!
It’s like a game of hide and seek ….ready or not here I come. Some are ready and prepared and some are not.
There is much I could discuss about being prepared spiritually and mentally but in today’s article my focus will be on life insurance and burial planning. After many years of experience in this field I can tell you from experience that almost no one wants to talk about it but it’s like the elephant in the room, it can’t be ignored. It has to be faced and dealt with. Unfortunately some people put it off too long then it’s too late either because they waited until they are uninsurable or their family is already sitting across the table from the funeral director and there is no insurance policy and with many no means to pay.
There are many excuses why folks don’t like to discuss life insurance so to save time I’ll cover just a few today. Some just are not wanting to face their own mortality, family issues such as: thinking the children or the spouse can handle it, they owe me, I’ll take care of it later, I have plenty of time, or I’ll just let someone else take care of it. Sometimes someone will say, “I have money set aside to pay for my funeral expenses”, and just as often as that is said someone has a heart attack, cancer, stroke, or some other health catastrophe and the money goes for medical or nursing home care. In most if not all those cases there is no money left over for the funeral. Many say, “I can’t afford it”, but no matter what the excuses your eventual death will come. So there really are only two options to choose from. A small sacrifice now for those we love or knowing our family will have to face a huge sacrifice when the time of death comes.
Life insurance is a small investment today to relieve a huge burden on our loved ones at the time of our death. Our choice can have a negative or positive impact on our families for years to come. Imagine this: (option 1) when you have passed your family is sitting at the funeral home and they are so sad at your passing, then the funeral director asks how they are going to pay the funeral expenses, they begin weeping, sobbing, embarrassed, and struggling, they do not know what they will do or how they will take care of it. Will they have to borrow money or take charity from other family, friends, church and community? Will they have to take out a bank loan? Will they be trying to sell items or have to start go fund me accounts? Will they have to take extra jobs and forgo college or other dreams? Or (option 2) YOU their loved one planned ahead and choose to make a small sacrifice so they could with dignity, honor and pride give the funeral director an insurance policy. They know you, their loved one, had already taken care of the need because of your great love for them.
Now the big elephant in the room…..you have a choice to make for your family, which will you choose?
