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Is life insurance really needed?

While many people preach that life insurance is a necessity of adult life, there are also plenty believers of the opposite. Either way, this is definitely an issue worth considering at the different stages of life. We all should evaluate all pros and cons and relating them to the situation we are in at that particular time and circumstances of our life. If life insurance is absolutely appalling to you than it is probably a good idea to check out what your alternatives are that ensure that your passing will not be an extreme burden to the loved ones you leave behind.

The alternative that is probably the oldest solution to the problem is making sure that upon your passing your wife and children will be added to your brothers’ family. In other words, when you die your wife becomes wife number two (or three, or four…) of your brother and she is taken care of in this arranged marriage. This is not a joke. It has been done in several cultures, but is that how you see life after you for your family?

Joke related to life insurance

You can also decide to start saving diligently early on in your adult life and take the risk that you won’t have much money saved up if you happen to pass at a young age. While this definitely works for those among us that do not run into a lot of bad luck and live to be very old, you do not know what your lifespan is going to be or what all is going to happen to you in your lifetime. If you want security for your loved ones right from the day that this idea pops into your mind than saving alone is not going to be the assuring solution you were looking for.

Again another strategy can be very motivating. If you buy a house early on in your adult life and have the stipulation in the mortgage paperwork that the house is completely paid for if you or your wife happen to pass away before the end of the mortgage is in sight, than you can consider that in some way an alternative in how to take care of your loved ones if anything happens to you. Even though this will not help pay your final expenses, left behind family members will not have to worry about a house payment or rent anymore and that is an important part of a paycheck for many among us.

One Comment

  1. […] you decide on buying life insurance you should definitely do research and know some tips. You have to realize that a certain amount […]

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