25% of the respondents admitted that in their daily routine they had no time to plan their lives for years to come and consider various potential scenarios for the future.
Most people still find it difficult to accept that we are all mortal. Many embrace a strange feeling when they learn that an elementary travel insurance policy covers the costs of repatriation. On the one hand, preparing for passing away seems absurd when there are so many grand plans ahead; however, there are regular publications in the media that some people do not have enough money to transport the remains of their loved ones to their homeland. Such problems have become a reality.
And, perhaps, half or 51% of the polled Latvians really would like to insure their lives having realized that. What’s interesting, people want it more than to go on a joint trip together with the family (39%). This suggests that nevertheless, most of the Latvians think about the financial well-being of their loved ones in the long term.
The slogan "Live Today!" is very beautiful. But will your relatives follow it when they are forced to sell their homes in order to repay the mortgage loan? Undoubtedly, no one will ever be able to replace a loved one, neither physically, nor emotionally. We cannot prevent the inevitable. But we can save our family from a financial hole that may arise in the event of the untimely departure of one of the breadwinners. It is estimated that an average Latvian family needs about 6000 euros to adapt to new living conditions after the death of a loved one.
Of course, you need to be pragmatic in any situation, because, perhaps, the family already has a sufficient capital, which allows you not to think about an additional financial cushion. The life insurance policy is not the only and ultimate truth. A bank account, investment in real estate or a stable family business also help feeling confident about the future.
You do not have to think about life insurance if you do not currently have any dependents, and you have not taken large loans, which in case of your death creditors will demand from your relatives (even if during your life you have not been close with them). Or you have enough savings that will help your family make up for a financial gap after losing a breadwinner. In this case, the policy can serve as another financial security provider, not to be a vital necessity.
People who have several dependents, as well as those who make monthly payments for loans are in the risk group. Perhaps most of them are in the 25% who have no time to think about the distant future. Work, children clubs, car repairs, sewage problems, and blame for spending little time at home; the main thing is to live through this day, a week, a month... But actually these people are the ones who need the life insurance policy the most. Besides, this allows any of us feel more comfortable and confident, because if something unforeseen happens, our relatives will be protected.
Photos per websites: Ипотека.zone, Rapidasig.md