Do you think that Life Insurance is an unnecessarry expense?

“My budget is just enough for our daily expenses”, “I couldn’t fit my budget, I’m sending my children to school.” I couldn’t afford to get one, I still have debts, it is just an unnecessary expense”.
Let me share you a story.
Marie is a young mother of a 3 year old boy. She’s an undergraduate HRM student and a beautiful young lady. Her  husband is working as a butler in a hotel earning around 18k/month.
She has a young and beautiful family. Life was not awesome but it’s comfortable in a way that they could provide for their basic needs and some of their wants. Until…..
September 2013
DASMARIÑAS CITY, Cavite – A young father died  while his companion was seriously injured when the motorcycle they were riding on accidentally hit a dimly-lit boundary welcome sign post on Aguinaldo Highway.
Marie’s husband died. She was devastated. Aside from the emotional burden from the loss of her husband, she is now doomed facing the reality of surviving alone. She now has to think on how and where to get the burial and funeral expenses, money to pay for debts and personal loans (housing, motorcycle, etc.) and fund for raising up the baby herself.
After a week, when she was clearing some of her husband’s things she found out that her husband is covered with P1M insurance. She then asked someone to help her with the claims that she used to recoup all the expenses she had incurred.
By the way, the Financial Adviser who sold this Life Insurance to Marie’s husband is a good friend of mine.
So let me asked you again, Do you think Life Insurance is just an unnecessary expense?
Not if you know what lies ahead in the future. Not if you are  indebted and not if there is completely no one relying on your income.
You think it’s hard to squeeze it in your budget because your salary is just enough? If you and your family are having a tough time now getting by on your own salary, how can they possibly get by without it?
This is what I have realized after hearing this story. Life insurance  does not take away money from your family. It assures them money for future delivery at the time they will need it most. So if you are one of those who says, “my family means the world to me”, would you still think that setting aside for your insurance is unnecessary expense?