No, I don’t mean universal life insurance as in the permanent product universal life. There is all this talk about making health care more affordable, even universal health care plans, and all I am thinking is why not life insurance?

I think we have all heard on the news or on some political ad that health care costs are the leading cause of bankruptcy. The truth is that there are as many adults without life insurance as there are without health insurance. It seems that someone has done a lot of homework on the economic impact of families not having health insurance. I wonder if anyone has bothered to determine the impact of the lack of life insurance?

I suppose it could be argued that, comparatively speaking, life insurance is a fairly small ticket item compared to health insurance. The average young adult family with a few kids would (I’m just guessing) spend at least $400 to $500 a month on health insurance. On the other hand a completely adequate life insurance plan for that family might only cost $50 per month.

Well, I may have answered my own question. While health insurance is certainly a quandary, people probably just need to skip a meal out each month and make sure that the unforeseen doesn’t ruin the family future financially. I guess with that logic, rather than a government program to ensure that we all have health insurance, maybe we should all put off financing a new car and get the health insurance we need.

Bottom line. Personal responsibility has long been a harping point of mine. No matter who the next president ends up being I think we Americans need to buck up and start acting like grownups. If we have responsibility then our first priority should be to take care of it. If we don’t have responsibility and can’t afford to take care of a new responsibility then we should put off our desire to have more than we can prudently handle. Starting to sound like my Dad now and I’m pretty sure that’s a good thing.