It’s the most beautiful summer day.  You spent the day out boating with the family.  You grilled up the best hotdogs and hamburgers that anyone could ask for.  The kids are playing and laughing, and your spouse is giving you that smile that you adore.  Life seems about as close to perfect as you could imagine.  You ask yourself, is this a good time to talk about my life insurance?

Think about it, all of this happiness that you’re experiencing now could be gone tomorrow.

It’s not the easiest topic to discuss, but it is an important one.  Bringing up the possibility of your death to your family is both uncomfortable and scary.  No one wants to think about the possibility of losing one you love.  How do you have this conversation?  This discussion should be more about the future and how you want them to have financial security if you were to not be there to provide for them.

You are in charge of setting the tone of the conversation, and it’s best to make it more relaxing and casual rather than serious and heavy (even though it is serious.)  There’s really not a perfect time to bring up the subject, but doing so while you are happy and enjoying the moment, rather than during a stressful time may be a better option.

Why life insurance?

The most important thing is to let your family know they are the reasons why you have life insurance.  You love your family and do everything you can to protect them.  You wipe their tears, give them hugs, read bedtime stories, and provide unconditional love.  Their best interests are always on your mind.  That’s why you buy life insurance.  Buying life insurance gives you the peace of mind that your family will be financially protected if you are no longer able to provide for them.  Let your family know how the insurance proceeds can pay off debt, the mortgage, and even provide for college tuition.  You don’t want their quality of life to suffer if you are no longer there to take care of them.

Where is the policy?

The next most important thing is to make sure your family knows where your policy information is kept.  If something happened to you, the last thing you want is your loved ones stressing out trying to find the policy information.  The original documents should be kept in a safe place like a fire-proof safe in your home.  It’s a good idea to give a copy to the beneficiaries and also a trusted sibling or parent.  If you have a lawyer, they should have a copy as well.  The goal is to make it easy for your loved ones to locate the policy in the event that they would need it.

Buying life insurance gives you the peace of mind that your family will be financially protected in the event of the unthinkable.  The smiles, the hugs, the laughter and the love are the reasons you buy life insurance.  Don’t have life insurance?  Get a free, instant, and anonymous term life insurance quote now.


Photo credit to: Ryan Polei

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