From King Tutenkamen’s valiant attempt to hoard wealth to take into the afterlife to the legendary quest for The Fountain of Youth, we humans have historically been wishful about cheating our greatest enemy: Death. Modern proponents of Cryopreservation are hopeful that future medical science will offer them a second chance. In the meantime, though, even they have to consider what will happen to those who depend on them when our current medical ability falls short of keeping them alive.
Unlike most types of insurance, Life Insurance isn’t to benefit you: It’s for the people you love who depend on you.
Who Needs Life Insurance?
The beneficiaries of Life Insurance policies are those whose well-being depends on your income or services. Think especially of those unable to care for or provide financially for themselves, such as young children or disabled or aging family members. A spouse whose lifestyle is at least in part dependent on your income should also be considered. [Read more…]