Crowdfunding Has It's Place, But Not In Your Insurance Planning

As much as we all hope for the best in life, it's important to prepare for the worst. This is especially true when it comes to protecting our families and our income in case of illness or death. Unfortunately, some people may be tempted to rely on sites like GoFundMe as a way to raise money in case of an emergency. However, this is not a responsible or reliable strategy.

While crowdfunding sites, such as GoFundMe, can be a great way to raise money for a specific cause or project, it should not be relied upon as a substitute for life or critical illness insurance. These types of insurance are specifically designed to provide financial support in case of unexpected events, such as a serious illness or death. They offer a level of security and peace of mind that crowdfunding simply cannot provide.

Additionally, relying on crowdfunding as a way to raise money in case of an emergency can be risky. There is no guarantee that you will be able to raise enough money to cover your expenses, and even if you do, there is no guarantee that the money will come in time. This can leave you and your family in a difficult financial situation.

So, what should you do instead? The answer is simple: invest in life and critical illness insurance. These types of insurance can provide you and your family with the financial support you need in case of an emergency. They can also give you peace of mind, knowing that you are protected in case the worst happens.

In summary, while crowdfunding can be a great way to raise money for a specific cause or project, it should not be relied upon as a substitute for life or critical illness insurance. Investing in insurance is the one thing in life that we will pay for and be glad we never use, it is better to have it and not need it, than need it and not have it. It is the responsible thing to do for yourself and your family.