Do I Need to Compare Life Insurance If I Don’t Have Children?Article Posted by Expert Author: adminlicbs adminlicbs on 03/04/2013
It is a common misconception that life insurance is solely for those who provide for their family. If you are like many others, you may assume that you have no reason to compare life insurance quotes, or even bother obtaining coverage, if you don’t have children. This is definitely a mistake. Every person needs insurance for a long list of reasons.
First, you never know what the future will bring. What if you meet Mr. or Miss Right, and decide to have a family? Sure, you are thinking that you will just sign up for life insurance when that time comes, right? Well, while you certainly have that option, there is a good chance that you will be paying a lot more at that time. Not to mention, if you happen to develop a health condition, you may have a hard time qualifying at all. Second, life insurance can pay for your funeral expenses. Just because you don’t have children does not mean that someone is not going to be responsible for your funeral costs. Also, did you know that you can name a specific person to be your beneficiary? So, if your best friend, sibling or cousin has agree to take on the responsibility of all your four-legged, feathered or aquatic friends, if you pass, you can make sure they have the money to do so comfortably.
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