Life insurance

You have to appreciate Select Quote's term life insurance commercials. They always start with an extremely upstanding citizen in the community hearing about a friend or relative's death and how affordable life insurance is these days. "No life insurance." (OH NO!! FOR SHAME!!!) I forgot to mention that most of these ads say that the person they are speaking about had life insurance before calling them.

It is true that many people may not have the life insurance coverage they would need to pay for the expenses of death such as funerals, the government's Death Tax (yes taxes are paid if you die) and living expenses for a family with one less income. Scaring people about how they could die at any moment is not the way to sell insurance. Also, if more families actually had some savings rather than living every day with tens of thousands of dollars of debts, maybe they could actually afford to pay for at least a nice service for their loved one. I'm certainly not saying that a family can save enough to make up for the eventual loss of an income, certainly not. What I am saying is how much coverage does your primary life insurance give you? How much is your premium every month. In the course of 10 years, how much will you have paid your insurance company? How many thousands could have been put in a retirement account or funeral account instead? Food for thought.