A Grim Scenario – What Happens If You Die Without Life Insurance?
We certainly do not like to talk too much about our inevitable demise. We know that someday it will be our turn on the death row, but until then, we are happy to live our lives. Unfortunately, many people are distracted and only when they are old, realize the negative impact of not proper planning a post-mortem future for their children and spouse.
It is a grim scenario if you die without life insurance and many unfortunate things will happen to the ones you love the most. This is why everyone should buy life insurance, even no exam life insurance. Start now to search for whole or term life insurance quotes no exam.
The worst thing can happen to your family if left them unguarded is to be struck by poverty. This happens so many times with the lower-upper class families that have breadwinners as simple workers.
Without a vital source of money, the family will not be able to pay the rates at the bank and secure what it proper needed for living. Soon, the situation will degenerate and the family will be faced with eviction. This is probably the most terrible thing it can happen.
Even if you have a family composed of two breadwinners and your spouse actively participates in raising the children, your death will also be felt. The budget will still be greatly disturbed and the quality of the living will be considerably reduced. Yes, they may afford certain services and entertainment, but things will never be the same.
Plus, the family will have to immediately cover the funeral expenses which usually are around $10.000-$15.000. The only way to alleviate this potential burden is to purchase life insurance as soon as possible and invest some money that will be used for funeral expenses and as income replacement.
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