Choosing a beneficiary depends largely on how you’d like your life insurance to be used upon your death. If you have young children, naming a spouse or close family member you trust as your beneficiary and memorializing your wishes may be one way to provide for your children’s care in your absence.
What are the real reasons holding you back from getting life insurance*? Are you like the majority of Americans who don't have it, but say that they know they need it?
Life insurance, by its very nature, is deeply personal. It transforms the vulnerable into the secure. It can also leave you wondering – how does that all work, anyway? Keep reading for answers to a few curious questions you’ve probably wondered about life insurance… but were too afraid to ask.
Danica Patrick — the most successful female driver in the history of racing — is returning this month as the spokesperson for the Life Insurance Awareness Month campaign. Patrick said in a recent interview that the topic of life insurance rarely comes up when she’s with her friends and that she rarely notices commercials from life insurers when she’s watching TV. She said she thinks most people need to make getting life insurance in place part of an overall planning strategy, so they get the job done and have a policy in place if the worse happens.
“It’s the one if you need it, you need it the most,” Patrick said.
Here’s an obvious statement: the costs of day-to-day living can add up fast. That’s why life insurance is so important. It allows you to protect your family when you’re gone. Think of the impact of losing not only your income but all the other contributions you make to the family.
