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The Alemian File: Life Insurance Protects Your Spouse and Children

By David Alemian

I was watching the news this morning and saw a tragic story of a father who had died unexpectedly. He left behind a young widow and two babies. The part that really struck me was a “Go Fund Me” account was set up to help the family. This is a clear indication that the family had little or no life insurance. Although the Go Fund Me account will help, it will not be enough for this young mother of two. Imagine suddenly losing the most important person in the world to you, then compound that grief with enormous financial pressure. In all likelihood, they will be forced to struggle financially for many years to come.

The story I just described is not an isolated incident. Most people either do not have enough life insurance, or worse, they have no life insurance. Tens-of-thousands of people die unexpectedly every year, and the majority of them leave behind family members who will struggle to survive financially.

These everyday tragedies can easily be avoided with low cost term life insurance. If you haven’t checked lately, life insurance premiums are ridiculously low if you know where to look. Moreover, you can get it with a simple phone call. Independent agents are generally in a better position to offer you lower rates. Avoid the agencies that represent only one company, as their rates are probably not very competitive. If you are looking for a good place to start, you would do well to check out www.LowestQuoteLife.com. They have multiple carriers, and offer quality advice about which carriers are better suited for certain medical conditions such as Type I diabetes, or cancer. Thanks to advances in medicine, some medical conditions that used to be declined by insurance companies are now accepted at standard or even preferred rates.

The bottom line is if you have children, it’s your duty and responsibility to protect them with life insurance. If you have a spouse who relies on your paycheck, then you need to protect your spouse. If you have a mortgage, at the very least you should have enough life insurance to pay off the mortgage and any other debt for that matter. Remember, the last thing you want in the event you die is for friends and family members to have to start a “Go-Fund-Me” account because there was no life insurance.
If you have comments or questions, send an email to David@TheAlemianFile.com. For more information, check out The Alemian File Facebook page. Please make sure you “Like” the Alemian File Facebook page when you visit.


About David Alemian

Successfully creating affordable retirement plans guaranteed to last a lifetime is a unique, specialty skill. It’s a challenging arena but respected writer David Alemian makes it look easy. Alemian is a leading retirement expert and nationally recognized authority whose expertise is shared via video columns, numerous journals, and talk-shows.

His national recognition results from both revolutionizing and revitalizing how organizations and individuals like you and me plan and save for retirement. Alemian is considered “The Go-To Guy” for creating and implementing absolutely irresistible, lifetime retirement pension programs.

Formerly the host of “It’s About Money” Radio Show, Alemian has also produced and is featured in over 200 financial education videos. Additional content can be found in many well-respected, publications including: MD Magazine, Physician’s Money Digest, Physicians Practice, Journal of Clinical Oncology, Consultant Live, Psychiatric Times, Cancer Network, OB/GYN.net, and The Healthcare Executives Network.


This article reflects the thoughts and opinions of the author and is being provided for educational and informational purposes only. It should not be considered financial or tax advice. Please consult your financial or tax advisor about your situation.

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