Life insurance is a product which creates a lot of negative reactions until we really understand what it can do for those we leave behind. It ranks right up there with other difficult subjects such as end- of -life documents (including wills) and the decision to purchase long term care insurance.
I know this happens because of my past experiences as an insurance agent, broker, and financial advisor. It wasn’t until I read the quote below did I find a way to show parents, spouses, and other family member what the real power of life insurance can be. It’s not a technical conversation, it’s an emotional one.
The author is unknown because this wonderful quote was one I wrote down when I saw it hanging in a frame on a wall in a bathroom. It isn’t one I learned in the insurance licensing materials! Over time it turned out to be the best education tool I have found to encourage people to consider their life insurance needs. The quote is included in my book Financial Freedom Party for Women, A Little Book about Money for Women.
I hope it will help you reflect on your responsibilities to others. If you are a young single mom with an infant or young children, you are included in that category. Sometimes we forget to teach you the value of preparing for the future when just getting by day- to- day can be a challenge. Life insurance and end-of-life decisions for moms aren’t restricted to certain ages or based on marital status. These decisions are based on the needs of others.
Peace of Mind for Turbulent Times
A life insurance policy is just a time-yellowed piece of paper with columns of figures and legal phrases, until it is baptized with a loved one’s tears. Then it becomes a modern miracle – Aladdin’s Lamp. It is food, clothing, shelter, and undying affection. It is the sincerest love-letter ever written.
It quiets the crying of a hungry baby in the night. It eases the aching heart of the one who remains behind – a comforting whisper, in the dark and silent hours. It is a new hope, fresh courage and strength to pick up broken threads and carry on. It is a college education for the son or daughter – a chance for a career instead of a need of a job. It is a parent’s blessing to a daughter on her wedding day.
Not everyone needs life insurance. However, everyone needs to consider this product and evaluate whether or not it fits their needs.
Sometimes people get confused and think the goal is to buy life insurance on the child. The conversation we are having today is about purchasing a term life insurance policy on the life of the mom or other person responsible for the child.
Ask a licensed professional for help and keep it simple. Sometimes your auto insurance carrier sells term life insurance. There are insurance agencies in most towns that offer term insurance. Ask around, you can do it!