Ain't got no ... And are we selfish

Unless you've been living under a rock you've heard about GOFUNDME accounts.  From raising money for a single mom in the community, to helping pay for a cute kitten's rare surgery.  I feel especially heartbroken when I hear about a child sick with the "C" word or a family who lost everything when a parent died.  

Did you know it's a business

GOFUNDME charges for using their platform.  They deduct 5% from each donation plus a processing fee of 3% from each donation.  

Getting out of control

There's approximately 8M requests daily on GOFUNDME for unexpected and tragic losses.  So many that some people aren't able to raise any money. 

Sooner rather than Later

Life Insurance allows your family to carry on financially if you die.  Life doesn't stand still and an unexpected death brings unexpected expenses.  Usually families aren't prepared for it emotionally or financially.  Plan ahead and guarantee your insurability now before it's too late.

Term Vs Whole

Term Life policies typically give you more coverage at a more affordable premium.  

Whole Life policies are long term policies.  The major pro is that you lock into the age you are when you buy and have coverage up to the age of 100...your hole life! 

Whole Life insurance lets you protect your assets and build cash value that you can use later in life by borrowing against it.  If you have an unexpected expense, you won't need to depend on charity of others from a GOFUNDME you can just borrow against your Whole Life policy. 

Are we selfish 

30% of Millennials think saving for a vacation is more important than buying Life Insurance.  Sadly that's a lot of future GOFUNDME accounts.

You think you can't afford it...then you definitely need it today.  

If you can't afford to pay a bill that typically costs between $25 and $50 per month, how is your family going to pay all of the other expenses like housing, food and gas if you die?

 Ain't got no Life Insurance, don't be selfish.

[hugs]

Teresa