The Ultimate Guide to Buying Life Insurance: Everything You Need to Know

Jordon Standridge, writer at The Cripplegate 

believes in the importance of buying life insurance and definitely recommends it to everyone:

“There are many reasons to buying life insurance, but here are three that I think are important for us to consider as believers.

It is a practical way to deny ourselves.

There are a few more practical ways in this life that show that you care about your family more than yourself than by buying life insurance. Some people think it is too expensive, but a quick look at our bank account statements will show that we waste money all the time. Whether it is TV packages, Starbucks, or eating out, there are countless things we can do to make sure we have enough money to be able to care for our wife and children’s future.

As the Bible commands us in Philippians 2:4, we are not to “merely look out for your own personal interests, but also for the interests of others.” There are few things in this life that put this verse into practice better than providing for people once you are gone.

It is a practical way to show that we do not presume on God.

Few people ever consider the fact that they might die, and, as rare as it is for someone to die young, it happens more often than you think.

It is presumptuous for us to think that we will live past today. God may have ordained for today to be your last day on earth, so you must ask yourself, “If I were to die today, will anyone under my care be provided for?”

It is a practical way to be the protectors and providers for our families.

The Bible tells us that those who do not provide for their family are worse than unbelievers (1 Tim. 5:8). Of course, this verse isn’t only talking about money, so we must be careful in how we apply it, but it is calling husbands to care for their families and fathers and mothers to care for their children not only in a spiritual way but also in a physical one.

The Bible also calls us to care for the orphans and the widows (James 1:25-26). Your wife and children are literally going to be orphans and widows upon your death. It is your duty to care for those God has entrusted in your care and it is a neglect of duty to leave them without provision.

A few people have told me recently that they don’t have life insurance, and most of the people I’ve talked to while they were still engaged had never even considered life insurance before. I still remember my seminary professor asking our class how many of us had life insurance and less than 10 per cent of the people in our class raised their hands. It was something I had never considered before that moment.

I’m sure that there are many others out there who are currently in that same position. Of course, some of you reading may have tried and were denied, and others simply cannot afford it, but the vast majority of us do not have that excuse.

Believe it or not, I’m not an insurance salesman, nor do I ever imagine myself to be one, but it is something that, with each passing year, becomes more and more obvious for anyone, male or female, who has dependents in their care.”

It could possibly end up being a financial obligation which hasn’t been totally paid or merely the everyday expenses of living. Your bottom line happens to be this: as part of your very own absence, the best financial plan ought to be in a position in order to assist your very own loved ones to pick up some of the pieces, so to speak.

It is likely going to be very difficult to go on without having you around every day. Don’t make things increasingly complicated by not really having the funds available in order to make things much easier.