We all have dreams, aspirations, and goals for our feature. We continually reach for the stars. When exciting life events come along, like the birth of your first child or the purchase of a new home, our dreams grow even larger.
We picture ourselves safely guiding our children down their journey to adulthood and proudly watching them conquer their dreams. When we buy a new home, we envision all the new possibilities for our house and think of all the wonderful times we’ll have with our families.
Most of all, we say tell our loved ones to have a good day every morning, knowing they’ll return home safely at night. Unfortunately, our journey does not always go the way we planned. Your life may be cut short, and your family will be shattered.
No one wants to consider the horrifying possibilities we may encounter, and rightfully so. These are not experiences anyone should have to endure. However, we need to consider one aspect: if a family member should pass away unexpectedly, would you be able to take on their financial obligations?
Daily living expenses are high. In fact, many families are unable to set aside part of their paychecks to save. Families often rely heavily or fully on their entire income, be it one or two, to make ends meet. So, if the family suddenly loses even half of their income, they would not be able to meet financial obligations. While no policy can ease the loss of a family member, it can protect your family from financial collapse.