Insurance Insights Blog

Why is life insurance important?

Written by Kemper | Sep 3, 2025 12:00:00 PM

Here’s a question for you: If you weren’t here tomorrow, would your loved ones be financially secure? If the answer is no, perhaps you need to consider life insurance.

Life insurance helps ease the worry of handling burial expenses and other bills after you’ve passed on. It can keep your loved ones in their home, help keep the lights on, and make sure your kids are taken care of.

To understand the importance of life insurance, we need to know what it is.

 

What is life insurance?

Life insurance is a simple way to help protect your family if something happens to you. It’s money that goes to the people you choose, called beneficiaries, if you pass away. It’s a safety net for your loved ones. Having adequate life insurance helps prevent your loved ones from solely relying on donations or crowdfunding to pay for expenses. That money can help cover:

  • Funeral costs
  • Rent or mortgage
  • Credit card bills or other debts
  • Childcare or school expenses
  • Everyday bills like groceries or gas
  • Even future savings or retirement

 

Why is life insurance important?

 

If you ask yourself "Do I really need life insurance?" you're not alone. According to the LIMRA 2025 Facts About Life Insurance, "40% of American adults believe they need more life insurance, representing close to 100 million adults. Nearly half (47%) say they would have trouble paying living expenses within six months of their primary wage earner’s death; and 40% of adults say their loved ones would be barely or not at all financially secure should the primary wage earner die unexpectedly."[1] 

 

What types of life insurance are there?

 

There are different types of life insurance. The most common are:

  • Term Life Insurance: Lasts for a set number of years. It’s usually more affordable.
  • Whole Life Insurance: Covers you for your whole life and can grow cash value over time.

You can choose what fits best for your needs and budget.


Is life insurance affordable?

Contrary to popular belief, life insurance is indeed affordable. It isn’t just for older people or those with big paychecks. It’s for anyone who loves their family and wants to make sure they’re taken care of - no matter what.

 

Who can be a life insurance beneficiary?

Your beneficiary is the person (or people) who receive the money from your policy. It can be:

  • Your spouse or partner
  • Your children
  • A parent, grandchild, or close friend
  • Even a charity you care about

You get to decide who you want to protect.

If you knew most of your expenses would be covered, would that give you peace of mind?

You don’t have to figure it out alone. Kemper Life has local agents who can visit your home and help you find a policy that fits your needs and your budget. No pressure. Just real help from real people who care.

Take control by protecting the future of your loved ones with Kemper Life insurance

 

Sources:

[1] LIMRA 2025 Facts About Life Insurance , https://www.limra.com/siteassets/newsroom/liam/2025/2025_facts_about_life_insurance.pdf

“Kemper Life is the brand name for insurance products issued by subsidiary insurance companies controlled by Kemper Corporation. Each subsidiary of Kemper Corporation is solely responsible for the insurance products it underwrites and issues. This material is for informational purposes. Consider your own financial circumstances carefully before making a decision, and consult with your tax, legal, or estate planning professional. Coverage and pricing for products issued by Kemper Life and its subsidiaries vary by state and individual eligibility. Ask your agent for full policy details and exclusions .”