There are many varieties of insurance that exist to protect us while alive. Property insurance can protect our home and car from a wide variety of unforeseen catastrophes. Our health insurance manages the expenses of policyholders. Life insurance often is seen as something that only matters to the people we leave behind, which also has living benefits.
Life insurance isn’t just important to ensure that one’s loved ones have a mortgage protection plan to protect their home or to pay the cost of a funeral and provide an inheritance. Certain policies have living benefits which can pay for life saving medication in the event of a terminal illness leaving doctors with the expectation of a specific remaining lifespan, or pay for long term care at home or in a facility in the event that a chronic illness leaves one unable to do a few activities of daily living.
As one grows older and gains more long term health conditions the premium of life insurance also increases. When people wait to consider the cost of their passing until they have reason to expect their health to fail, they often regret it. Vehicular collisions can happen at any time, people fall down stairs, or have strokes. No one knows when that day or hour will come. But it will come to us all.
It is never easy to think about shuffling off this mortal coil, but I gain peace of mind knowing that I will not add difficulty to those I leave behind. In fact, I can help make an impact, provide for time to grief, and ensure my family’s livelihood beyond the strength of my body. “Everything we do is just a seed of what will be," said Marcus Aurelius. It is only through care and nurturing the seeds we plant in our life that they can grow into mighty trees under which future generations can enjoy the shade, as others far more wise have said in various ways.