I’m almost done paying my life insurance premiums. I only need two more payments and I’m done. My insurance is not that big but I at least I have something to leave with my family in case I die any time. My parents and my children can share the proceeds of the insurance so they can have something to start on when I’m gone. The proceeds will not make them rich but they can use it to start a small business to sustain their needs. They don’t need to worry too for my burial because they can use my burial benefit from SSS.
I don’t want my death to be a burden to anyone especially to my love ones. This is the reason why even a small plan, I got my own life insurance and I continue paying my SSS contributions. I don’t want them to have any financial burden resulted from my death because it will add to their agony.
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