The Importance of Life Insurance in Las Vegas

In the fast-paced modern world, life insurance is a must if you want to protect the people you love and want to give them a secure future in case anything happens to you. Life insurance is and should be a fundamental part of a sound financial plan.

Mortality rates are rising all over the world, but more so now and in the last year, in Las Vegas, Nevada. Studies indicate that just the homicide rates in Las Vegas rose by 50% in the first quarter of 2013. Dangers such as Las Vegas being a dangerous place to drive because of people coming here from different parts of the country contribute to mortality rates.  Aside from that, Las Vegas is also known as the Suicide Capital of America, with the risk of suicide over 50% higher than that in any other state of America. Studies also show that the residents of Las Vegas live in a constant state of depression. At times, this depression is a result of excessive gambling at one of the city’s extensive casinos and gambling halls.

For these reasons and others, the people of Las Vegas more than those of any other state or country should have life insurance. These people are always in danger of passing away suddenly and so to protect the future of the people around them, they need life insurance. This life insurance also gives a peace of mind to people, adds financial security and leaves, hopefully, a sizeable inheritance after the deceased and brings a lot of peace of mind.

Life insurance is also very affordable.  A man that is 40 years old can get a 10 year term of life insurance of 100,000 dollars for 9.00 dollars a month.  You would have to qualify for it with a background check and health check, but these are very common and easy to complete steps.

Aside from the high mortality rates of Las Vegas, people-residents- lose a lot of money every day through gambling. Las Vegas is popular for the number of casinos and gambling halls it has. And people, even those who are aware of the dangers of losing their entire life savings, still go ahead, throw caution to the wind, and gamble their whole savings in one night. This leads to depression and eventually to suicide, if the person is an obsessive gambler and loses everything. For this reason alone, it is imperative that people have life insurance. Life insurance, though a little troublesome in the beginning, has a lot of advantages, later in life, in case of emergencies.

Deaths in Las Vegas have also been a result of a poor mental health system. According to studies undertaken in 2013 Nevada has the highest rate of people dying from substance abuse.

However, coupled with these studies there have been other studies of the residents of Las Vegas, Nevada. According to these studies 30% of these residents are completely uninsured. This means that they have a higher risk of losing out everything they have with nothing as a backup plan for their families or people close to them. If they die a sudden death, which as studies have shown, is 45% times more likely here than anywhere else, their families will have nothing to bank on or support themselves on.

While it is true that money cannot replace anybody, it can support the people you leave behind, even if for just a little while. Life insurance is important for everybody and should form an essential part of your financial plan.