Life Without Life Insurance is a Gamble

Life Without Life Insurance Is A Gamble

I just returned from a long weekend in Las Vegas with my husband. It was our first long-distance trip away without our daughter. As excited as I was to get away, I felt a little guilty—and I found myself thinking more than normal about what could go wrong. After all, we were leaving our one and only kiddo behind. Temporarily, of course, but the realist (or maybe the paranoid, overprotective mom) in me became more keenly aware of the risks we were taking.

  • What if we’d get in a car accident on the freeway on the way to or from the airport?
  • What if our plane’s engine would fail?
  • What if we’d aimlessly wander into a seedy side of town and run into trouble?
  • What if our hotel became the target of a terrorist attack?
  • What if, what if, what if…

While I wouldn’t say I dwelled on the above (and a few other select worries), they did flash through my mind.

Anything can happen. It most likely won’t, but it could if the right (or wrong) degree of timing and circumstances meet. Sometimes the odds are with us, and sometimes they’re against us.

We were in Vegas for just a few days, but it made me think about how we all gamble a little every day of our lives. We all face risks as we get out and do what we need to do. There’s a multitude of things completely out of our control. But then there are the things some people do, knowing there’s “gambling” involved…

  • They drive too fast so they can rush through that traffic light before it turns red.
  • They don’t always eat as healthily as they should.
  • They glance at text messages or social media while driving on the highway.
  • They ignore symptoms that could be signs of serious health problems.
  • They don’t protect their families with life insurance.

Life Insurance: Peace of Mind as You Play the Hand Life Deals You

While it can’t change fate or overcome bad decisions, life insurance can provide peace of mind as you face the expected—and unexpected—risks that life doles out to you.

Lack of life insurance is a gamble that could result in putting your loved ones at risk for financial hardship. Half of Americans believe they would feel the financial impact from the loss of their primary wage earners within six months.

So why do so many roll the dice in hopes nothing happens to them, leaving their families without their paychecks?

The perceived cost of life insurance keeps many people from considering a policy. On average, people estimated a $250,000 20-year, level term policy for a healthy 30-year-old would cost $1,000 a year. But the actual cost is just $150.

That’s quite a discrepancy!

Term life insurance offers an affordable option to people who want to protect their families without paying the higher premiums that come with whole (permanent) life insurance policies. With normal term periods of 10, 15, 20, 25, or 30 years, term life policies provide flexibility in the length of coverage and pricing; the shorter the term the lower the premium. You can get a preliminary quote quickly and easily online to find out just how affordable it can be.

Term Life Insurance: Better Odds of Peace of Mind

Although I had my share of worries leaving home, I was thankful to know that because we have life insurance my daughter would be provided for financially if (heaven forbid) any of the fleeting fears I had did come true.

There are no sure bets in life. But life insurance can better your odds of giving your loved ones financial peace of mind.

Source: 2014 Insurance Barometer Study. Life Happens and LIMRA

Dawn Mentzer

Dawn Mentzer is a solopreneur and freelance writer who specializes in blog content and marketing copy. She lives in Lancaster County, Pennsylvania and collaborates with clients nationally and globally. You can learn more about her at and follow her on Twitter at @DawnMentzer.

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