Life insurance the importance and impact on the family can not be explained in words. How many times have we seen families doing car washes. Churches collecting within the congregation. On the internet there are programs now where people are getting others to contribute.
Unfortunately, many look at life insurance as something they will take care of, if they have additional money. It is a “Necessities” and need to be added in with food and a roof over your head. Yes, that serious.
We have seen too many instances where as we spoke above, families had to raise money and that was just to cover burial. That has nothing to do with the fact that the rest of the survivors must now figure out how to move on financially if the person was the bread winner.
There is nothing more tugging at the heart than to see a family that can not be concerned about losing a loved one because their focus is now on how they will survive and get this burial service paid for.
For most they believe they can’t afford it and that is why they will put it off. Make sure you look at the post on: Term vs Cash Value
For most, it is definitely affordable.