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Death is Inevitable! Be prepared

Life Insurance picture

You’re going to die! Someday… We all will! But how many of us are prepared for that inevitable fate? I know we weren’t for the longest time. How can you be prepared you may ask? Well, there are a lot of ways and one of those ways is to make sure your family is taken care of. A few weeks ago, I had the privilege of doing a guest blog post on our churches website, Fellowship Church, about life insurance. Today, I want to share a little bit about that same topic with you.

There are a lot of different types of life insurance. They can have complicated names and be very confusing. You’ve probably heard some of them. Term insurance is one. Term life insurance is for exactly that; for a specified term. Meaning a certain number of years, such as 10, 15, or 20 years as an example. There is also Universal Life, Whole Life, Permanent Life, and Variable Life. These are all pretty much the same. You can recognize them because they will usually include a built-in savings plan. These policies are created with the idea that you need permanent insurance. This is one of the biggest myths out in the financial world, that you always need to have life insurance. They are usually a horrible financial product. The rate of return is crummy and the monthly premiums are high. Never use insurance as a place to invest your money.

Check out this quote: “The right type of life insurance can be summed up in a single word: Term.” – SmartMoney Magazine

There you go. Term Life Insurance is the best choice for your family. You might be wondering how much coverage should you get? It varies depending on who you listen to, but on average, between 10-12 times your annual income. I know, I know, with tight budgets and people struggling to make ends meet, some even living paycheck to paycheck, you might be asking how can I afford it? Well, it is one of those things that you can not afford not to have. What would happen if the unexpected happened?

An example is of a young couple where the husband, at the age of 28, got brain cancer and died a few months later, only three days before his first son was to be born. But he had good health insurance and good amount of life insurance for himself. So his wife and son were taken care of even in the midst of this unforeseen and tragic event. See, you just never know. One way you can show your family you love them is by having good life insurance in place. Term Insurance is the way to go.

Remember, you are going to die someday. None of us get out of this life alive!

Do you currently have life insurance on yourself and/or your spouse? If so, what kind? If not, why not? Leave a comment below!


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  • Holly

    I’ve always heard whole life is better. The premiums never go up and the coverage stays the same. Guess I need to look into it a little more. Thanks for talking about such a sensitive subject. Could you post some info on living trusts? Keep up the great work Mark! Thanks.