Life is really about maintaining a delicate balance. Time passes so quickly that It can be here and gone before you know it. Every day, people take risks perhaps without thinking ahead — whether they be big or small — and you can never predict when an accident may happen. We do our best to mitigate the impact of these risks: seat belts, helmets, etc. but, no matter how we try to minimize these risks, there can be consequences that are unforeseen.
In the corporate world, when a company is faced with a potential risk, they come up with what is called a contingency plan. A contingency plan……follows some specific guidelines and requires companies to identify very specific information critical to the success of a contingency plan. It starts, most simply, by identifying risks and the implications of a negative outcome in the event that the “worst” happens.
In life, there are simply too many risks to identify, after all, strange deaths occur every day. Take for example Maria Pantazopoulos, who drowned after being swept away in the Ouareau River just north of Montreal, Canada while wearing her wedding dress for a photography session. Standing near the shore in 15–30 cm (6–12 in) of water for an adult would not ordinarily be dangerous. However, her water-soaked dress became too heavy, and she was pulled deeper into the river and succumbed to drowning. So while there are risks that you may never be able to imagine, there is an easy contingency plan you can put into place to insure your family is taken care of.
Term life insurance is a simple and affordable contingency plan for the risk that you may unexpectedly not be around to support your family. Life Insurance may not be able to help keep you out of harms way, but it can help keep your family out of harms way after you are gone. Like any major purchase, you should compare your options when purchasing life insurance. Different policies will have different pros and cons, and will be influenced by different risk factors. By using an independent term life insurance agency, like SelectQuote, you can compare different life insurance companies and policies to find the best policy to fit your budget and lifestyle.