For people from all walks of life, life insurance serves as a valuable safeguard against unexpected tragedies that can leave loved ones financially struggling for years.
For example, even the healthiest individuals aren’t immune to the risk of choking. In fact, a survey released earlier this year found that about 28 percent of the public has actually witnessed an individual choking.
Some recent medical trends offer additional insight into why even younger and healthier people should consider investing in life insurance policies to secure long-term financial stability for their families.
For example, the group Extending the Cure, which works to help improve the effectiveness of antibiotics, recently highlighted a study which found that 48,000 people in 2006 died due to sepsis and pneumonia generated by hospital-acquired infections. This resulted in about $8.1 billion in added health costs for the year.
Some people may feel that they are too young and healthy to need to protect their families with life insurance coverage, but some research helps illustrate how counterproductive such thinking can be.