For the past 13 years, as each September approaches, I’m bombarded with a barrage of emotions, and I become keenly aware of life’s unpredictability.
On September 11, 2001, as the tragic events of that day were unfolding, my daughter, Natalie, was born. I was in labor in the delivery room, watching the Today Show, when I witnessed the second plane hit the World Trade Center live.
Sadness. Anger. Fear. Joy. Guilt. Helplessness. I felt them all – and still do when this time of year arrives.
That day forever changed my life and all of our lives in many ways. We all have our own recollections of where we were and what we were doing on September 11, but I think there’s one overarching thing we share:
The realization that no matter how well we try to guide what happens in our lives, we never have complete control. Life is unpredictable.
Good happens. Bad happens. To all of us.
On that day in September of 2001, I wondered, “What kind of world am I bringing this child into? How can I protect her?”
Protecting our children is something we all think about as parents, isn’t it? We tell them to never play with matches. We monitor their social media accounts. We tell them to be wary of strangers. We warn them against the danger of texting and driving. We do what we can, hoping it’s enough.
As important as protecting our children is, this recent statistic surprised me:
Less than 20 percent of new mothers under age 30 have life insurance.*
I understand that life insurance costs money and young families often need to watch every penny. But without life insurance, children and spouses could face devastating financial hardship on top of their grief if the unimaginable happens.
Most people overestimate the cost of life insurance. In fact, 86 percent of people who haven’t purchased life insurance said it’s because they think it’s too expensive, but they’ve overestimated its true cost to be double what it actually is.**
Many people don’t realize term life insurance policies offer a lot of flexibility to meet tight budgets while they provide financial protection.
If something were to happen to you, a term life policy could help your family:
- Afford funeral expenses.
- Make mortgage payments or pay rent.
- Pay utility expenses.
- Pay education-related costs.
- Live comfortably without your salary.
Even if you’re a stay-at-home parent of young children, your family could get peace of mind from a term life policy. Without you, your family could be faced with the not insignificant expense of childcare services.
Protecting your family with term life insurance
Approximately 70% of households in the U.S. don’t have life insurance**, but I’d venture to bet that nearly all of them care deeply about the well-being of their families. If you haven’t looked into term life insurance yet, you can easily and quickly get a quote online.
Life offers no guarantees, so doesn’t it make sense to take action and do what you can to protect those who depend on you?
* Survey Finds New Mothers Under 30 Least Likely To Own Life Insurance by Cyril Tuohy
**Facts of Life 2013 by LIMRA