It’s kind of crazy. Ever since I started writing for the QuickQuote blog, so many things remind me of how important planning financially for the future really is. Just going about my daily routine or getting away on vacation can start me thinking about term life insurance’s role in securing peace of mind.
Playing Pool and Planning for the Unexpected
For example, over the Columbus Day weekend, my family and several other families jointly rented a vacation house at the beach in Lewes, Delaware. To my surprise and delight, the house had a pool table in the basement. I was thrilled! I’m known to be a bit of a pool shark. When I was a kid, my dad was in a league, and we had a regulation-size slate pool table in our basement. Yeah, I became respectably skilled at the art of eight ball, nine ball, cutthroat, and pill pool.
With much of our recent beach weekend spent indoors because of rain, I had an opportunity to rekindle my love of billiards playing eight ball with my husband, brothers-in-law, and one of their long-time friends.
As I won some and lost some (I’ve still got it, but I’m out of practice), I thought about how playing pool parallels life in general.
- While you have some degree of control over what happens, other factors affect what you need to deal with.
- All can be going according to plan, but then the unexpected can happen quickly, and without warning.
- You can be ahead of the game one moment but find yourself struggling later.
The twists and turns of the unexpected when playing a game like pool or any other game are here and gone, but the unexpected in life can have a lasting impact.
Luckily, there are some things you can do to keep unanticipated circumstances from ruining your family’s future.
Getting life insurance is one of them.
Laying it Out on the Table
Did you know that four in 10 adults have no life insurance?1
That means six out of every ten people might have families at risk of financial hardship if something were to happen to their primary wage earner.
According to a 2012 online survey conducted by Praxis Research on behalf of ING U.S., half of the people surveyed who did not own life insurance viewed it as an expense they couldn’t afford.
So, the perceived cost of life insurance appears to be a key reason why families don’t have a safety net in place to protect their quality of life in the event of the unthinkable.
But what many people don’t realize is how affordable term life insurance policies can be.
- They allow you to purchase the greatest amount of coverage for the lowest premium compared to other forms of life insurance.
- They provide coverage for typical term periods of 10, 15, 20, 25, or 30 years. You could even get policies for shorter terms. Shorter terms have lower premiums than longer terms.
- Most allow you to convert your term policy to a permanent policy within a certain period of time.
Best of all, you can get a quick, no-hassle quote online.
Term Life Insurance: Your Best Shot
Unfortunately, there’s no magic eight ball you can use to view what the future holds for you. But an affordable term life insurance policy gives you some control over your family’s financial future should the unspeakable happen to you.
Don’t leave the table wide open to risk; take some time to explore the flexible term life options available to protect your loved ones. You’ll appreciate the newly found financial peace of mind.
1Personal Trends in U.S. Life Insurance Ownership, LIMRA, 2011.
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