Should You Purchase Life Insurance?

Riding on a bus, walking a dog, attending a concert, and playing basketball are all common activities that resulted in someone’s death this year. So much is happening now, but many people remain uninsured. Reports show that young people, women, and minorities are the most uninsured. Other studies show that people on the ends of each spectrum (very rich and very poor) do not buy life insurance.

The uninsured’s most common excuse for not purchasing life insurance is that they cannot afford it. Actually, I wonder how people refuse to find ways to afford it. Life insurance is nothing to sneeze at, and it should be considered along with your other major purchases. Purchasing a life insurance policy is a wise financial decision. Very early in my career, I was advised against purchasing it. The rationale was that I didn’t have any children. However, I chose to protect myself and look out for my loved ones.

 Image courtesy of [Stuart Miles] /

Image courtesy of [Stuart Miles] /

I have not read or heard any valid reason for not purchasing life insurance. So, here are some reasons that you should purchase life insurance: Whether you have children or not, you need life insurance. Insurance helps in two circumstances: life and death. If you do have children, a life insurance policy can help reduce the cost of college. Death is another reason that life insurance should be purchased. “More than 30,000 people die from accidents in the home each year,” according to a study that was published in the American Journal of Preventive Medicine.

The causes of death vary, and people of color are at a high risk for many diseases. Don’t you want to make sure that your family has enough money to give you a proper funeral? Despite rumors that cremations are cheap, they serve as a less expensive option to funerals with ground burials. However, cremations can cost $2,000 or more. For more information on funeral planning, read my post: “May WE Rest in Peace.” Funeral planning is crucial because expenses must be resolved after life expires.

You should want to make sure that your loved ones do not have to face bill collectors while they are grieving. If matters are not handled properly, your family’s lifestyle will change. Unfortunately, many people must live beneath the level that they were accustomed to living after a loved one dies. I hope you are convinced that you should purchase life insurance, and your family does not experience the same fate as millions of uninsured families.

For those who are insured, many are underinsured. Are you and your family adequately covered? Please comment.


  1. Sylvia says:

    Interesting article! I agree that purchasing a life insurance policy is a wise financial decision. I believe it is one of the best ways to protect your loved ones. I never want to have to use it but it’s comforting to have the policy in place.

    • cakas38 says:


      Thank you for your comment. I agree that it is better to be safe (with an insurance policy) than sorry (without an insurance policy)! I appreciate your positive feedback as well as your support!


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