Death has no age

Death has no age

Surprisingly, most of us are not ready for death. We just ignore it. We don’t think this could happen to us at such a young age. But what is the age of death? Is it 70, 80, 90 or even 100? Of course, we can all agree that we would like to be old when we die. But in reality, death has no age.

How can you prepare for the last days? Have you ever really thought about it? Well, today is the day to start that as part of your New Year’s resolution, get your life in order.

Before I give you advice, let me help you understand why you should start thinking about death planning.

(This is a true story). A close member of my family passed away less than a month ago. He was 35 years old, single, with two children. He lived the life of a young man without worry. Having work here and there. There are no immediate plans for the future. He died suddenly of a heart attack. There was no money saved and no insurance. His mother had no idea what to do. Not even his mother had any money of her own saved for this type of emergency. So what was his mother to do? She had to ask each of us in the family to help her financially to bury her son. And that was how this 35-year-old man was buried, through family help and donations.

Can you imagine your mother asking other family members or strangers for donations just to bury you? This should give you more encouragement to want to do the right thing.

So I say get ready. Think seriously about death. This is a big deal. I want to help you help yourself.

Now, if you don’t already have an insurance policy, get one. Figuring out how much life insurance you will need depends on many factors. Consider the cost of the full funeral arrangements. Which could be anywhere from $8,000 to $10,000 (and possibly more).

Next, consider your current mortgage payment (especially if you have no credit life on your home loan) and how many more years it will take to pay it off. I am aware of how high mortgage loans can be and I am not suggesting that you get a policy to cover the entire loan. Maybe add ten percent of your mortgage payment to the amount that will be your life insurance policy.

Also consider your current income. If you are the sole breadwinner in the family, this will play a big factor when you leave. This means that you will have to consider that your wife should get a job. Especially if you want your spouse and children to continue the lifestyle they have now. Or if one of your kids is about to head off to college.

Yes, it all affects your life. This is why planning is so important. It also takes a lot of stress off your family from having to make these kinds of decisions.

I also recommend talking to an insurance agent. They can give you a better understanding of exactly what you will need.

#Death #age

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