A colleague once said, “if you love someone, or owe anyone, you should have life insurance.” Not only life insurance, but the ability to use it for long term care is important.
Let’s face it, no one likes to think about death. It’s an uncomfortable thought. We sure as heck don’t want to imagine the unexpected loss.
Sadly, I have heard many stories of families who don’t know what to do with the cost of burying a loved one, not to mention the time you’ll need to grieve (take time off work).
Just for consideration, the average cost of burial is between $7,000-$10,000.