Tag Archives: life insurance

Term life insurance

Image by mohamed Hassan from Pixabay

I know how it feels when a family member was admitted to a hospital and we don’t have health insurance to cover the cost of hospital and medical expenses. Like health insurance, life insurance is important in protecting the financial well-being of your family and loved ones in the event that the family bread winner dies. It pays a lump sum to your beneficiaries or to your estate. If you would like to compare life insurance quotes then looking online may be your best option. You can look at term life insurance policies and see which one best suits your needs.

Planning Ahead

A few days before my mother in law passed away, my husband was already inquiring if his memorial plan which he finished paying when he was still single includes a burial insurance for seniors. Good thing about hubby’s memorial plan is that he was able to transfer it and be used for his mom’s funeral. This has helped the family saved a big amount for the funeral expenses.

My 76-year-old mother in law succumbed to complications of diabetes and kidney disease. Her diabetes and kidney problem could have been managed by the right amount of medication as soon as she was diagnosed with the ailment. However, she doesn’t have a medical insurance to cover all her medical expenses. Even when my mother in law is already ill, no one in the family ever thought they would need Burial Insurance quotes.

With my mother-in-law’s death and the financial burden experienced by the family during her frequent hospitalizations, I realized the need for a more reliable health insurance for the whole family. And for those who look on the practical side of burial assistance, burial insurance is a gift perfect for the elderly and their family. Not to sound morbid but it is planning ahead especially for families who depend on minimum wage.