Life insurance. You might think of it as something that only old guys like us need to think about, but you’d be surprised! Life insurance is less about insuring your life and more about helping your loved ones maintain the lifestyle they’ve gotten used to in the event of your untimely loss, or vice versa.
I think we can all imagine how horrible it would be to lose a partner or spouse. What many of us don’t think about is how much of a financial burden it would put on us – putting our lifestyles, and our families, at risk. Even people who feel like they’re still ‘spring chickens’ should consider what kind of impact that could have on them, and how it can be avoided with an appropriate “I want to maintain my lifestyle” plan.