This may sound like a very bold statement and perhaps many people out there don’t even believe that it’s true. If you are living a life without health insurance, life insurance, homeowners insurance or car insurance then you may find out that this statement is not so far from the truth.
A life without insurance is really a death sentence. Living life without health insurance alone can not only bankrupt a person but can even cost them their life or the life of a family member. Without health insurance, you may not even be able to get a doctor to see you much less treat you, well of course unless you are dying but by then it will be too late. If you are able to receive treatment by a medical professional this will more than likely bankrupt you as the bills will be astronomical and can leave yourself and your family in debt for years to come but since the alternative is death you may just take it.
Auto insurance is mandated by law in the UK. Getting caught driving without auto insurance not only leads to fines and penalties but it can invariably lead to suspended licenses and even criminal charges. You must have motor insurance to drive your vehicle on UK roads. Third-party insurance is the legal minimum. This means you’re covered if you have an accident causing damage or injury to any other person, vehicle, animal or property. It does not cover any other costs like repair to your own vehicle.
Health insurance is not the only form of insurance that is quickly becoming mandatory in today’s society. Although the prospect of ever needing homeowner’s insurance is remote, it only takes on an isolated event, a random break-in, a hundred-year-old tree being uprooted in a storm; to cause immense damage and leave the homeowner struggling to cope with the idea of paying for these repairs out of pocket. Homeowner’s insurance is not a legal requirement, but if you have a mortgage your lender will insist you have buildings cover to protect their investment.
Going through life without Life Insurance most likely will not impact you directly. However, it is setting your family and descendants up for financial misery. The current cost of burying a loved one can easily cross several thousands of pounds. Most of us don’t have that kind of money laying around. Life Insurance can protect your loved ones and ensure they have the funds necessary to take care of these important issues. Not having life insurance places the survivors of a loved one in a very precarious situation.
Life without insurance is really no life at all. Instead of enjoying being around the ones you love and doing those activities that you find pleasurable you are always looking over your shoulder and wondering if the next shoe is going to drop; that is no way to spend one’s time. Although the odds may seem relatively small it only takes one isolated incident to bring this entire concept home. One fire, accident, broken arm, heart attack or unexpected death in the family will make those without insurance realize, albeit too late, that insurance is a necessary evil we all must live with.