According to the CDC, in the year of 2016, the average life expectancy for males was 76 years old and the average life expectancy for females was 81 years old. In addition, the average life expectancy for someone that is 65 years of age or older was about 19 years. There are many different reasons for why people are put in an unfortunate situation and have lost their lives at an earlier expectancy age. Some of the leading causes of death in the United States include: heart disease, cancer, unintentional injuries, lower respiratory diseases, stroke, Alzheimer’s disease, diabetes, influenza and pneumonia, suicide and kidney diseases. Even though you may live a healthy lifestyle and you do everything you can to remain healthy, you never know what you will be faced with down the line. Many times, people end up developing serious medical conditions that happened to be genetic and not externally influenced. It is extremely important to consider what would happen to your family members when it is your time to pass. You must think about how your death would affect your family members financially. Getting life insurance for yourself is critical to protecting your loved ones from being left with the burdens of your finances.
According to Think Advisor, in America, there are more than 85 percent of people who agree that everyone needs life insurance, but there are only about 62 percent of people who actually have life insurance. In addition, about more than 40 percent of people who do have life insurance coverage strongly believe that their coverage is not enough. There continues to be studies in the United States but a majority of people who do not have life insurance do not actually understand it. They have a strong misconception of life insurance and believe that all life insurance costs are too expensive for them to afford. In fact, studies show that there are more than 83 percent of consumers who stated that they do not want to purchase life insurance because it is way too expensive for them to add to the list of the bills they already have. What many people don’t realize is that life insurance is not as expensive as they believe it to be. Life insurance will depend on various factors, such as your health, age, male or female, medical history, etc. Life insurance is extremely important in order to protect those you love from having to come up with a significant amount of funds to cover your expenses left behind.
Life insurance is meant to protect those who you love the most. When it is your time to pass, the last thing you want to think about is your family members being burdened with having to instantly come up with their financial losses that they will take once you pass. Just because you are young and healthy today, does not mean that you may be the same way a year from now or two years from now. Health conditions develop all the time, as well as accidents. You never know when you are going to need protection for your family members. This is why it is critical to make sure that you are protected at all times. You can conduct some research by looking up: sell my life insurance.
Protecting your family with life insurance is critical to their overall success in life. After you pass, your family members will already be dealing with a heavy load of emotional strain. You want to try to make their life a little bit easier by removing the burden of your finances.