Jeff Rose, the man behind the Roth IRA movement, is starting another movement. It’s the Life Insurance Movement, and it’s all about raising awareness about the importance of life insurance.

In reality, it’s very simple: Your family needs life insurance. Life insurance is important to your family because it provides very real financial support for them in the event of you losing your life, and it provides peace of mind while you are alive.

Life Insurance is about Financially Protecting Your Family

Life insurance isn’t about making things nice for you. It’s about financially protecting your family. Life insurance is about ensuring that, if something should happen to you, your family would be financially taken care of. When you have a life insurance policy, it pays out upon your death, providing your beneficiaries with the money they need to pay expenses.

The life insurance my family has is enough to pay off our debts (mortgage, car loans, student loans), and still have some left over for income purposes. There is more life insurance on me, since I am the primary breadwinner. However, even though I could probably manage if my husband died, we still have an insurance policy on him. If he passes, I could work a little less because of what the insurance would cover, and it would also help pay for my son’s eventual schooling.

Life insurance provides a level of financial protection that we know is available in the event that the unthinkable happens. If you love your family, you’ll get life insurance coverage so that their finances won’t be devastated with you passing.

Life Insurance Provides Peace of Mind

Life insurance also provides peace of mind. It can be stressful to think about what would happen to your family if you died, or what you would do if you spouse died. These are things are depressing to think about, but you can have a little peace of mind if you include life insurance in your plans. While I might be a little anxious about how my son and husband would get along emotionally, and how my son would be taken care of without me as a work from home mom, I don’t have to worry about the financial aspects. That provides a certain peace of mind.

Likewise, my husband knows that, while (I hope) he would be devastated with my death, he wouldn’t have to worry about the finances. That’s all taken care of, and he can concentrate on other things. That sort of peace of mind provides a bit of certain in a world that is very uncertain.

As you go through your finances, and consider your next moves, don’t forget about the life insurance. Your family needs the life insurance coverage. You need it to ensure that your family is taken care of in the long run. Not only that, but your life insurance policy can provide you peace of mind now. It’s one way to reduce a little stress in your life, and protect your family and your assets.

Also, don’t forget to check out the prizes Jeff is offering for participating in the Life Insurance Movement.



Miranda is freelance journalist. She specializes in topics related to money, especially personal finance, small business, and investing. You can read more of my writing at Planting Money Seeds.