7️⃣ Life Insurance: The Ultimate Love Letter

I used to think life insurance was something only parents with three kids and a mortgage needed. I mean, I’m young, I’m healthy, and I’ve barely figured out how to fold a fitted sheet, let alone plan for what happens when I’m gone.

But here’s what changed my mind: life insurance isn’t about me—it’s about the people I love.

It’s about making sure my family, partner, or anyone who depends on me doesn’t have to stress about rent, bills, or debt while grieving. In a way, life insurance is the ultimate love letter you leave behind, saying “I’ve got you,” even when you’re not there.

What Is Life Insurance, Exactly?

In plain English, life insurance pays a sum of money to your chosen beneficiaries if you pass away while the policy is active. This money can help cover:

💡 Funeral costs (which are shockingly expensive)
💡 Rent or mortgage payments
💡 Debts like student loans or credit cards
💡 Living expenses for your loved ones
💡 Future needs like college for your kids

Types of Life Insurance

🕒 Term Life Insurance: Covers you for a set period (10, 20, or 30 years). If you pass away during this time, your beneficiaries get the payout. It’s affordable and straightforward—perfect for most people.

💰 Whole Life (or Permanent) Insurance: Covers you for your entire life and includes a cash value component that grows over time. It’s more expensive but can be part of a long-term financial strategy.

For most people, term life is enough and much cheaper while providing significant protection for your family during critical years.

“But I Don’t Have Kids, So Why Would I Need It?”

Life insurance isn’t just for parents. If anyone relies on your income—your partner, aging parents, or even a business partner—life insurance protects them financially.

Even if you’re single, a small policy can help cover funeral costs so your family doesn’t have to bear that burden. Plus, the younger and healthier you are, the cheaper your premiums will be.

How Much Life Insurance Do I Need?

A simple rule: aim for 10-15 times your annual income to cover your family’s expenses and future needs. Consider:

✅ Your current debts (mortgage, loans, credit cards)
✅ Your family’s living expenses
✅ Future expenses (college tuition for kids, retirement support for your partner)
✅ Existing assets and savings that would help offset these costs

How to Get the Best Life Insurance Quote

✅ Compare Quotes: Use online comparison tools to get multiple quotes quickly. Prices can vary widely for the same coverage.

✅ Be Honest on Applications: Hiding medical conditions can void your policy later.

✅ Lock in Early: The younger and healthier you are, the lower your premium.

✅ Check Employer Coverage: Many employers offer basic life insurance, but it’s often not enough on its own.

✅ Review Annually: As your life changes—marriage, kids, a new mortgage—adjust your coverage to match.

Final Thoughts

Life insurance isn’t for you; it’s for the people you love. It’s your way of saying, “Don’t worry, I’ve got you,” even when you’re no longer here to say it.

If you’ve been putting it off, take 20 minutes today to get a quote. It’s one of those “adulting” decisions that might feel heavy now but brings incredible peace of mind—for you and those you care about most.