Instant Life Insurance Is It Really Enough?

Why do we need life insurance?

After all, everything, including life, has risks and to protect against each one is impossible and unrealistic. While this is true, not having ANY kind of protection against such risks is both irresponsible and foolish. We have to understand that we are responsible for the ones in our lives our children, elderly parents, siblings, foster family members or anyone else who depend on us. And this responsibility is present as long as we are alive; not just to ensure they have a somewhat comfortable life and all their needs are met, but also that they can continue their lives as normally as possible when we are dead.

Some things we can protect them from are:
- Debts. Everyone has a debt of some kind. The only difference is the amount that needs to be paid and the urgency with which it has to be done. This may be a mortgage, car or student loan, or credit card balances which have yet to be settled. When these are cleared depends on the kind of life insurance and term insured bought. A good thing to note is that even if the sum insured does not cover the whole debt, we would have brought some kind of respite for our loved ones with whatever sum is available.
- Financial ruin. You may even have people or instances where the accumulation of debts or business failures due to social or economical factors. Reasons such as earthquake or tsunami contributing towards the natural factors. Regardless of the nature of the business loss, you can only look at insurance to bail your business out to start all over again.
- Overwhelming health costs. Although there is a limit to the amount we can claim, having insurance, even a simple instant life insurance plan, will help defray the costs. Just knowing that some bigger tests, such as an MRI and CT scan, surgery or hospitalization are paid for by the insurance is a comfort, even if there is a need for continuing medical care.

From the basic plans that are offered, you can say that the simplest and most affordable plan is term life insurance plan. Term life insurance quotes can be found in the net or at the insurance companys website. The kind of advanced technology available, almost all insurance companies have decided to go life insurance online this indicates that you dont have to make any appointments with insurance representatives any longer. You can find it easy as you may not have time between your busy schedules.

There are number of factors that dependent on what type of life insurance and term we select. They include as follows.
- The number of dependents in our lives. Insuring ourselves for a small amount is fine if we only had a spouse to take care of but when we have more people like elderly parents, siblings and children, it may be wiser to get a slightly larger policy or one that covers more than just the basics.
- The (in) abilities of our dependents drives us to get bigger protection. Even if we have just one person to provide coverage and that person is elderly, ill or handicapped or all of it then our situation are like getting a protection for more people. At least the cost involved will certainly be equal to providing coverage for many people.
- The third factor is the lifestyle we live. If you have the habit of leading a lifestyle that involved higher costs and if you continue leading a life like that, certainly you have to get a larger policy so that your family can lead such a live even after you are no longer with them. To do this, an instant life insurance may not be sufficient.
- Debts. A more luxurious life often comes with very big financial commitments, which may or may not be something we can afford. If not, then we have to take into consideration the amount of debt left behind. The more debt there is, such as two mortgages to pay for the next fifteen years or so, the more willing we have to be to fork out for an expensive plan with a larger payout.

You can provide the assistance that is needed to keep a family safe and sound thru insurance as you do not want your family members to go thru financial hardship especially when you are no longer in existence. Insurance is the only way thru which you can safe your family from such troubles.

Article by David Livingston of EQuote, who is a specialist in everything life insurance. For more information on whole life insurance and no medical term life insurance, visit his site today.