Don’t Wait Until It’s Too Late!

There’s an old saying: “Needing insurance is like needing a parachute – if it isn’t there the first time, chances are you won’t be needing it again.”

While most people don’t consider life insurance until later, the best time to buy it is early on. Life Insurance can be confusing, and it’s hard to know what you really need or want. But there are three very good reasons why you need life insurance.

As we grow older, get married and build families, we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. Depending on your type of policy, life insurance is fairly cheap, which means there’s no excuse not to get coverage now. Plus, over the years, you’ll find comfort in knowing money will be available to protect your loved ones in the event of your passing. Here are a few other reasons why having life insurance is important.


If your loved ones depend on your financial support for their livelihood, then life insurance is a must because it replaces your income when you die. This is especially important for parents of young children or adults who would find it difficult to sustain their standard of living if they no longer had access to the income provided by their partner. You will also need to provide enough money to cover the costs of hiring someone to cover the day-to-day household tasks, like cleaning, laundry, cooking, childcare and everything else a growing family may need.

In addition to providing income to cover everyday living expenses, your family needs insurance to cover any outstanding debts, like the mortgage, credit cards and car loans. Other expenses include funeral and burial costs that can easily run into the tens of thousands of dollars. You don’t want your spouse, parents, children or other loved ones to be left with any extra financial burden in addition to the emotional burden they’re already suffering.


Like most parents, you probably want to know your kids will be well taken care of when you’re gone. You not only want them to get a quality college education, but you also want to provide for other life ventures like getting married or starting a business. For this reason, additional coverage is absolutely essential while your kids are still at home.


We can’t know when we’ll pass away. It could be today, tomorrow or 50 years from now, but it will happen eventually. No amount of money could ever replace a person, but more than anything, life insurance can help provide protection for the uncertainties in life. Without a doubt, having life insurance coverage will bring you and your family peace of mind. It’s one thing you can be sure of, and you’ll no longer have to question whether they’ll be taken care of when you’re gone. Life insurance protects your loved ones from the unknown and helps them through an otherwise difficult time of loss.

The Insurance and Benefits Trust of PORAC’s Group Life Insurance Program is provided to assist you in financially protecting your loved ones and to give you the peace of mind of knowing that should something happen to you, they will be taken care of. For more information, please contact our Plan Administrator, Myers-Stevens & Toohey at (800) 827-4695 or

Featured in the April 2022 issue of PORAC Law Enforcement News.