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Life, Not Death Insurance

By JLP | September 14, 2006

Here’s why life insurance is so important. She doesn’t state how old her husband was when he died, but she is only 32! You just never know what life is going to throw at you. Anyway, stop by her blog and offer her some encouragement. As her blog’s title says, Life Goes on…

UPDATE I followed-up this post with a response to Emily question (from the comments section).

Topics: Financial Planning, Insurance | 4 Comments »

4 Responses to “Life, Not Death Insurance”

  1. Emily Cassidy Says:
    September 14th, 2006 at 1:42 pm

    I don’t understand the importance of life insurance at all. I am a 43 yo single woman with no children. Out of superstition I pay monthly for a term life insurance policy. My sister is on the policy in case I die. She is a very wealthy woman already. Do I really need 500k term life insurance?

  2. Denise Says:
    September 14th, 2006 at 1:56 pm

    Hi Emily – I work for a life insurance broker. My agents would tell you if you don’t have anyone that depends on you financially then you really don’t need life insurance. However, keep in mind that as we age, life insurance gets more expensive. So let’s say in 3 years you get married and you want to buy a policy so your husband is covered if something were to happen to you. You will be paying more for the policy than what you’re currently paying today. Just something to think about as you’re making your decision as to whether or not you should cancel your policy.

    Also I wanted to let everyone know that September is Life Insurance Awareness Month. So if you know someone that has someone that depends on them financially, please remind them of the importance of life insurance.

  3. JLP Says:
    September 14th, 2006 at 2:47 pm


    I was working on a follow up post to answer Emily question when your comment came across. You make some good points. Thanks for stopping by.

  4. Carin Says:
    September 11th, 2007 at 9:47 am

    Hi Emily,

    You can also will part or all of your life insurance policy to a charity of your choice..if your sister doesn’t need the money, there’s no lack of reputable charities that do!