It would be great if life was perfectly free of accidents! Everything going according to plan would be a good thing, not only for our health but also our peace of mind.
Of course, there are no such guarantees that this can actually happen. Even if we do as much as we realistically can to prevent accidents, that’s still not a situation where there are assurances given to us that we’ll be fine. Sometimes, things out of our control can wreak havoc with our lives, and in some cases these instances can be very harmful. Accidents simply can’t be prevented.
It’s inevitable that some people will be affected by accidents. I recall growing up, years ago back in what now seems like the stone ages, a kid in my high school lost her father in what I heard was some type of accident. At the time, my thoughts were more about how it must have felt for her to have her Dad pass so suddenly. I never even considered how this could have impacted her and her family in terms of finances.
Now that I’ve got some life experience to draw upon, I can recognize that there are all kinds of problems that could happen to a family that loses someone to an accident. Of course the human loss and emotions associated with it are the most important things on which to focus. Nothing is more important than our loves ones. That said, one of the other issues is the financial impact it could have on survivors. For example:
- What if there was a non-working spouse who would be strapped for money afterward?
- What if the family had little savings regardless of who was working?
- What if there were multiple kids for which the parents had to provide?
There are people who make the decision to purchase insurance to help mitigate some of the financial risks. An example is death insurance, continuing the discussion of accidents. While nobody wants to think of accidents happening, they can happen and do sometimes happen. Everyone has their own tolerance for risk, and their own financial situation. It’s at least good to be informed of the different options out there, whether one wants to take action or stand pat with inaction.
Even bigger picture, we should realize that not everything is under our control. No matter what our best thought-out plans are, things can happen unexpectedly. It may be good to acknowledge that concept as it applies to different aspects of our lives. Better to be thinking of these things than not even thinking about the downside at all!