Life Insurance

If you’re putting off getting life insurance, you’re not alone. It’s one of those things we all know we should do, but it often gets pushed to the bottom of the list. Maybe it feels unnecessary, maybe you think you’re too young, or maybe you’re not sure if it’s worth the cost. But the truth is, waiting is one of the riskiest financial decisions you can make – not just for yourself, but for the people you love.

Term life insurance is one of the simplest and most affordable ways to protect your family’s future. The harsh reality is that life is unpredictable. None of us plan on getting sick or having an accident, but these things happen every day. If something were to happen to you, how would your family manage without your income? Would your partner be able to cover the mortgage? Would your children’s education still be possible? These are the kinds of questions that can feel uncomfortable to think about, but ignoring them doesn’t make the risk go away.

Term life insurance is designed to cover you during the years when your financial responsibilities are at their highest. Whether you’re raising kids, paying off a home, or saving for college, term life insurance ensures that if the worst happens, your family won’t be left struggling. For just a small monthly payment, you can provide your loved ones with a safety net that could make all the difference in their lives.

One of the most urgent reasons to get term life insurance now, rather than later, is cost. The younger and healthier you are, the cheaper your policy will be. Every year you wait, premiums go up. And if your health changes – even something as common as high blood pressure – getting insured can become more expensive or even out of reach. Locking in a policy while you’re young and healthy can save you thousands of dollars over the course of the policy.

But it’s not just about saving money. It’s about time. The cruel truth is that life insurance is often something people wish they had when it’s already too late. No one expects to face an illness or accident at a young age, but these things can happen in an instant. The peace of mind that comes from knowing your family will be financially secure if something happens to you is invaluable. It allows you to focus on living your life fully, without that weight hanging over you.

Think about the people who rely on you. If your income suddenly disappeared, how long could they stay afloat? Term life insurance isn’t about fear – it’s about responsibility and love. It’s about making sure the people you care about most are protected, no matter what.

There’s no perfect time to get life insurance. But there is a wrong time – and that’s after you need it. Take a few minutes today to explore your options. The process is faster and simpler than ever, and you might be surprised at just how affordable it can be. Don’t leave your family’s future to chance. Act now, while you can.

cross-posted from: https://lemmy.world/post/11661595

Hi Lemmy,

I like the idea of this sub so I thought I'd contribute the first post.

I'm 40, and I have cancer. I don't know if I'll survive or not. Being in this position though has forced me to get all my "life stuff" in order, and boy, I can tell you there's a lot more of it than you realise.

Start now. Especially if you're healthy, double especially if you have a spouse and/or kids.

I get it that nobody wants to think about their own mortality, but consider that what you're actually doing is making things easier for your family.

1. Get a properly done will from a lawyer. Not one of those "write your own will" kits. It's not just about who gets what, but also burial vs cremation, who will be your executor, any special gifts/request, who is next in line if your beneficiary dies etc.

2. Organ donation? Tell your relatives AND register.

3. Insurance. Get life insurance as its the only insurance with a guaranteed payment BUT calculate yearly cost vs how much you would have if you just put that money in the bank. Amount should cover all outstanding debts. Get separate insurance for house and vehicles.

4. Superannuation (retirement savings). Where I'm from they need a form filled out that tells them who your executor will be. If they don't have this, your executor will have to go to court and it's a real pain in the arse.

5. Photos. Get them off your phone and back them up using the 3, 2, 1 backup rule. Make sure someone else has access if you pass away. Photos are one of those things that doesn't seem important until someone dies and that's all you have left of them.

6. Power of attorney. Who will make financial and health decisions for you if you're in a coma?

7. Advanced health directive. If you're in a coma, do you want someone to pull the plug, or keep you alive no matter what? Read about Terry Schiavo to see why this is so important. Again, tell your relatives AND fill out the documents.

8. Consider prepaying for your funeral. Especially if your family doesn't have a lot of money. They're more expensive than you think. It may take weeks or months before your relatives can access your savings or insurance money, and they'll still have to pay for it in the meantime.

Hot tip: caskets are a waste of money; get the cheapest you can. I am friends with a mortician, and he tells me that most of them are cheap crap made in China with 1000% price markups. They get away with it because frankly, nobody's going to bring one back for a refund.

9. Write letters to the people you care about. If you die suddenly, they'll have a heartfelt letter as your last words to them instead of a text saying "Do we need more cheese?"

10. Relax. We all die eventually, but at least now you know that everything is taken care of. Your friends and family will still be sad, but at least your death won't be any harder on them them it has to be.