“My friend died of cancer when I was 42 years old. It is terrible to realize the early decease of a loved one. Feeling helpless is one of the worst conditions. That morning I decided to adopt a child.
I also decided to buy a life insurance policy, as experience and social status could not protect from fate. If I died ahead of time I would like my unborn child to have some kind of material resources. However, it took me almost two years to really advance my decision.
My family thought: since I did not have real estate I did not need to buy a life insurance policy. “It is better to invest in securities or a retirement plan, as these tools generate a steady income,” relatives told me.
But the more I thought about it, the more I realized that the goal of life insurance is to give financial well-being to people who are in the greatest stress.
If I live another 20 or 30 years, I am completely sure that I will leave my boy a few hundred thousand dollars in the form of savings and investments sufficient to cover any expenses that my death may bring. But, what if I get into an accident or some kind of emergency case happens?
I checked all the options and chose a 30-year life insurance term to the age of 73 with the possibility of extension to 95 years. The policy costs $92 a month ($1,065 a year), which is well worth my peace of mind.
Buying life insurance made me less afraid of my own mortality. I do not want to die at my 40, or 50, or 60, or 70 years. I want to do so much in this life.”
Photos are from open sources.