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We have recently been talking about whats important in life and are therefore pleased to host this guest post about "Why Life Insurance is Vital"

If you do not currently own a life insurance policy, you should consider shopping for life insurance quotes today using a comparison site like Compare the Market. You never know when misfortune will befall. Everything from an unexpected accident to a serious illness could bring your life to an end long before you thought it would, and life insurance offers your loved ones with financial protection during and after this event. This is vital coverage that can benefit everyone in multiple ways. Consider these points.

1. Funeral Costs. The cost of a funeral includes the actual memorial service, a burial plot, a grave stone and more. These expenses are generally incurred within a few days of a person's death, and they can cost a significant amount of money. Many people do not have this large amount of money readily available to spend on a funeral, but life insurance proceeds can pay for the expenses associated with a funeral.

2. Personal Debts. Many people today have numerous personal debts. These may include a car loan, a home mortgage, credit card balances and more. If you required medical care before your death, you may have medical debts that need to be paid. After death, your loved ones may sell your assets in order to pay off your debts. However, you may owe more money to your creditors than your assets are worth. Another possibility is that your loved ones want to retain your assets as mementos, heirlooms and more. Life insurance proceeds can be used to pay off the balance of your debts quickly, easily, and without the need to sell assets.

3. Loss of Income. If you contribute financially to the livelihood of others, your death will result in a loss of income they depend on. They may not have enough income to continue living in their home or otherwise to maintain their lifestyle without your income. Even if you do not contribute financially, you may contribute in other ways. For example, if you are a caregiver or a stay-at-home parent, your death may create the need for additional services to be purchased in order to maintain the lifestyle of a loved one. The services of a maid, a nanny or someone else may need to be purchased. Life insurance can pay for these services and support their lifestyle after you are gone.

4. Future Plans. It can be difficult to think of your loved ones carrying on with their lives without you, but after mourning your loss, they will eventually want to get back to the plans they had for the future. Your spouse may need to retire; your kids may have plans to attend a university and more. These future plans may have required your financial or other valuable contributions. Life insurance can help your loved ones continue on with future plans.

As you can see, life insurance is vital to paying for so many expenses related to your death as well as to promoting the future well-being of your loved ones. With this mind, consider reviewing your current life insurance needs, and get quotes for the cover you need.

Disclosure: This is a guest post for which I received compensation

Inspired by Erica and Liz about our children growing up too fast and time going too quickly (and whilst I still maintain that I am 19 and refuse to get any older), when you are a seven years old, all you want to do is grow up.

My eldest daughter said to me quite recently, "Mummy, when I grow up I want to be a vet" and I remember having the exact same conversation with my own mother. At the time I obviously had no concept that "being a vet" didnt just mean cuddling fluffy bunny rabbits and was possibly more to do with putting your hands in places that have no place in a seven year olds mind but nevertheless its funny how time has come full circle.

"When I grow up" or "When I am a grown up" seems to be the holy grail when you are seven but is it wrong that all I want to do is keep her a child. Innocence is short lived and you are a grown up for a VERY long time.

My youngest daughter gazes up at her big sister with awe and complete undeniable adoration and I want to press pause. I know that in a few years time, the little one will be causing havoc in the older ones bedroom and I will probably feel more like a referee than a mum.

So now is the time to take pictures, lots of them, keep the hand written notes that the big (little) one writes to us all because when I grow up (or older) ..... all I want is to remember.

I was having a conversation this week with someone I have known since I was a teenager and we were talking about choices you make in life. The things that matter. (for those looking for a business blog or anecdotes should probably switch off now).

The things that matter? Thats a tough one isnt it? It changes from person to person. Some people aspire to be millionaires while others more content to be rich in love and happiness. Did anyone ever say on their death bed "I wish I had worked more" - I doubt it. Its the things we look back on, the things we regret, I was questioned as to whether we should live our lives with reckless abandon but this philosophy seems to give no regard for the others around you. What matters more? Your pursuit of happiness and fullfillment or the collective contentment of your "circle". Google+ has its new social media offering, allowing us to create circles of friends, colleagues and acquaintences but this isnt what I mean.

The conversation made me really reflect on my choices and those that know me personally will know that I made some tough choices at the end of my twenties that caused me both heartache and relief in equal measures. I dont regret that decision, it made me the person I am today so I suppose it depends on the risks you are prepared to take, the decisions you make and whether you can stand by those without regret. I stand by mine.

Having millions of pounds in the bank would be nice, and would buy me a few more pairs of shoes (shhh), but material things dont really matter. Those millions of pounds might buy you a nice house, car, clothes ..... and funeral in the end but whats the point if you have money to feed your pocket but no-one surrounding you to feed your soul.

There is a quote that says "friends are the family we choose for ourselves". Its true and however your "family" is made up, in my mind .... nothing matters more.