You ever have one of those days? Your alarm doesn’t go off and you’re positive you’re going to be late for work. You jump out of bed, only to step in cat puke on the way to the bathroom. It’s only after turning the bathroom light on that you realize that you don’t have a cat. Oh, and the bulb above the sink needs replacing. You’re driving down the highway, trying to finger-comb the tangles out of your hair and veer into oncoming traffic. It is at that precise moment you realize that you’re worth more dead than alive.
That’s right, the sister you named as beneficiary shortly after serving as her bridesmaid is going to be receiving a check for more money than you’re likely to earn in your entire career. Oh wait…no she won’t. You went to Cancun with friends two months ago rather than paying your premium and your life insurance policy has been cancelled.
Whew! That was close. At least you can die in peace, knowing that your bossy sister and her lazy husb and aren’t going to be living off the fat of your insurance check. Dying without coverage rocks!
Hey, at least you know you’re in good company. According to the Life Insurance Marketing and Research Association, approximately 3,300 people die in the U.S. every single day without life insurance. Oh sure, all your family is going to have to come up with is burial costs and those student loans they co-signed for. You have to feel bad though for families with kids or an elderly relative to care for. It’s pretty stinky that their dead relative didn’t think to look out for them.
If you do survive this highway disaster, you may want to rethink your stance on paying life insurance premiums.