I have blogged several times in the past few months about the importance of saving for retirement while in your 20's and 30's. In a perfect world everyone would save more than enough to live the lifestyle they have always dreamed of and more importantly, make it to that point. Unfortunately we know that isn't reality for everyone. It isn't a lot of fun to think of the 'what if tomorrow never comes' scenario, but it becomes a bit easier to think of it if you know the loved ones you leave behind will be protected if something were to happen.

Many people in their 20's and 30's are getting married, buying houses and having children. If something were to happen to a parent, not only would it be a difficult time to overcome it emotionally, it could also send the family into a financial tailspin. We can't do much too help with the former, but we can with the latter. A thirty year old male who is a non smoker can probably get a $250,000 life insurance policy for an average just over $200 per year- about $17 a month. A thirty year old female can likely get the same policy for about $175 per year- about $15 a month.

It is never easy to think about, but I think we would all agree it becomes a bit easier if you know your loved ones will be taken can of. Give us a call and see if we can help.

Steve Hicks

(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).