I believe in life insurance. Life insurance money helped pay for my college education, it helped pay for my grandfather's funeral expenses, and it helped my father-in-law save money for my wife, Terisa. I believe every adult needs life insurance, especially if you are married, have children, or own a business.
So, you think life insurance is expensive? If you buy Starbucks Venti-size coffees or buy Whataburger Combo Meals, you can afford to purchase a life insurance policy.
You don't drink your coffee in one big gulp, do you? Take your most important financial commitment (for example, your home mortgage or your child's college education) and insure that first. It's important to get started with a life insurance plan now, and then as your life changes, make changes to your plan.
Life insurance is flexible. Life insurance companies offer the ability to "convert" your policy to a different plan later in life. When you convert your life insurance policy to a different plan, you generally do not have to prove insurability again (i.e., no medical records, no blood tests, etc). So, the younger you are when you start your life insurance plan, the more options you have later in life.
Life insurance is affordable, flexible, and can solve many problems in life. Make sure your life insurance is in place the next time you buy a cup of coffee.
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